Is Colorado Springs, CO cheaper than New York, NY?

Based on cost of living data, Colorado Springs, CO is 38.7% cheaper than New York, NY. This translates to saving $2902 per month.

What salary do I need in Colorado Springs, CO to live like I do in New York, NY?

If you earn $150,000 in New York, NY, you'd need approximately $115,178.571 in Colorado Springs, CO to maintain the same standard of living.

How does housing cost compare between New York, NY and Colorado Springs, CO?

Housing in Colorado Springs, CO is 62.6% cheaper than in New York, NY. For a two-bedroom apartment, rent is $1,800/month in Colorado Springs, CO compared to $3,590/month in New York, NY.

How much can I save per month by moving from New York, NY to Colorado Springs, CO?

Moving from New York, NY to Colorado Springs, CO could save you approximately $2902 per month, or $34821 per year, based on a $150,000 salary.

MoveNumbers

New York, NY

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Colorado Springs, CO

Cost of Living Comparison 2026

Current salary in New York, NY

Numbers update automatically as you type

You'd save $2.9K/month moving to Colorado Springs, CO

$150.0K in your current city equals $115.2K in Colorado Springs, CO

Rent data from HUD ZIP-level estimates · COL index from New York-Newark-Jersey City, NY-NJ-PA area

Overall Cost

↓ 38.7%

Less expensive

Monthly Impact

$2,902

Savings

Annual Impact

$34.8K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

New York, NY

Population:8337K

Cost Index:100

Median Home:$1.05M

Colorado Springs, CO

Population:479K

Cost Index:61

Median Home:$415K

New York, NY

The Empire State

8.3M

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Most populous city in the US
•Major global financial center
•World-renowned cultural hub

Major Industries

FinanceReal EstateTechnologyMedia

Colorado Springs, CO

The Centennial State

479K

Population

State Tax

Yes

Located in Colorado, this city has a population of 479K residents.

Cost Breakdown by Category

Annual spending: New York, NY vs Colorado Springs, CO

Category	New York, NY	Colorado Springs, CO	Difference	Change
🏠Housing	$7,648/mo	$2,859/mo	↓ $4,789less	62.6%
🚗Transportation	$1,602/mo	$1,270/mo	↓ $332less	20.7%
📦Other	$2,034/mo	$1,791/mo	↓ $243less	11.9%
🛒Groceries	$1,165/mo	$999/mo	↓ $166less	14.2%
⚡All Utilities	$600/mo	$454/mo	↓ $146less	24.4%
🏥Healthcare	$688/mo	$626/mo	↓ $61.96less	9.0%

🏠Housing

↓ 62.6%

New York, NY

$7,648

Colorado Springs, CO

$2,859

Difference

$4,789

less

🚗Transportation

↓ 20.7%

New York, NY

$1,602

Colorado Springs, CO

$1,270

Difference

$332

less

📦Other

↓ 11.9%

New York, NY

$2,034

Colorado Springs, CO

$1,791

Difference

$243

less

🛒Groceries

↓ 14.2%

New York, NY

$1,165

Colorado Springs, CO

$999

Difference

$166

less

⚡All Utilities

↓ 24.4%

New York, NY

$600

Colorado Springs, CO

$454

Difference

$146

less

🏥Healthcare

↓ 9.0%

New York, NY

$688

Colorado Springs, CO

$626

Difference

$61.96

less

🏛️ Local Income Taxes

New York, NY: NYC Income Tax$5,689/yr (3.8%)

Colorado Springs, CO has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$3,120

To$1,240

↓ $1,880

1 Bed

From$3,270

To$1,520

↓ $1,750

2 Bed

From$3,590

To$1,800

↓ $1,790

3 Bed

From$4,500

To$2,505

↓ $1,995

New York, NYZIP-level data

1BR range: $2,260–$3,990/mo

Colorado Springs, COZIP-level data

1BR range: $1,210–$2,050/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$13,737

Monthly in New York, NY

$7,999

Monthly in Colorado Springs, CO

$5,738

Difference

Home Values

New York

Colorado Springs

$1.05M

Median Value

$415K

↓ -0.1%

YoY Change

↓ -2.2%

↓ -5.9%

5-Year Change

↑ +22.4%

$471K - $3.49M

Price Range

$314K - $709K

Homes in Colorado Springs are 60% less expensive than New York

Calculate payment - New York Calculate payment - Colorado Springs

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $2.9K

Per year

Monthly Difference

$245

More take-home

Effective Rate Diff

2.0%

Rate difference

New York, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

Colorado Springs, CO

Federal Income Tax

Effective: 18.9%

$25.5K

Colorado State Tax

Effective: 4.4%

$6.6K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.1%

$43.6K

Take-Home Pay

$8,866/month

$106.4K

Additional Tax Information

New York, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

Colorado Springs, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.