Is Colorado Springs, CO cheaper than Phoenix, AZ?

Based on cost of living data, Colorado Springs, CO is 0.2% cheaper than Phoenix, AZ. The two cities have very similar living costs.

What salary do I need in Colorado Springs, CO to live like I do in Phoenix, AZ?

If you earn $150,000 in Phoenix, AZ, you'd need approximately $149,825.581 in Colorado Springs, CO to maintain the same standard of living.

How does housing cost compare between Phoenix, AZ and Colorado Springs, CO?

Housing in Colorado Springs, CO is 2.5% more expensive than in Phoenix, AZ. For a two-bedroom apartment, rent is $1,800/month in Colorado Springs, CO compared to $1,750/month in Phoenix, AZ.

How much can I save per month by moving from Phoenix, AZ to Colorado Springs, CO?

Moving from Phoenix, AZ to Colorado Springs, CO could save you approximately $15 per month, or $174 per year, based on a $150,000 salary.

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Phoenix, AZ

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Colorado Springs, CO

Cost of Living Comparison 2026

Current salary in Phoenix, AZ

Numbers update automatically as you type

You'd save $14.53/month moving to Colorado Springs, CO

$150.0K in your current city equals $149.8K in Colorado Springs, CO

Rent data from HUD ZIP-level estimates · COL index from Phoenix-Mesa-Chandler, AZ area

Overall Cost

↓ 0.2%

Less expensive

Monthly Impact

$14.53

Savings

Annual Impact

$174

Per year

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

Phoenix, AZ

Population:1608K

Cost Index:100

Median Home:$414K

Colorado Springs, CO

Population:479K

Cost Index:100

Median Home:$415K

Phoenix, AZ

The Grand Canyon State

1.6M

Population

State Tax

Yes

Climate

Hot desert

Notable Facts

•Fastest growing major city
•Desert metropolis
•Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

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: Phoenix, AZ vs Colorado Springs, CO

Category	Phoenix, AZ	Colorado Springs, CO	Difference	Change
🚗Transportation	$1,489/mo	$1,270/mo	↓ $219less	14.7%
📦Other	$1,677/mo	$1,791/mo	↑ $114more	6.8%
⚡All Utilities	$561/mo	$454/mo	↓ $108less	19.2%
🏠Housing	$2,788/mo	$2,859/mo	↑ $70.17more	2.5%
🏥Healthcare	$589/mo	$626/mo	↑ $37.17more	6.3%
🛒Groceries	$963/mo	$999/mo	↑ $35.97more	3.7%

🚗Transportation

↓ 14.7%

Phoenix, AZ

$1,489

Colorado Springs, CO

$1,270

Difference

$219

less

📦Other

↑ 6.8%

Phoenix, AZ

$1,677

Colorado Springs, CO

$1,791

Difference

$114

⚡All Utilities

↓ 19.2%

Phoenix, AZ

$561

Colorado Springs, CO

$454

Difference

$108

less

🏠Housing

↑ 2.5%

Phoenix, AZ

$2,788

Colorado Springs, CO

$2,859

Difference

$70.17

🏥Healthcare

↑ 6.3%

Phoenix, AZ

$589

Colorado Springs, CO

$626

Difference

$37.17

🛒Groceries

↑ 3.7%

Phoenix, AZ

$963

Colorado Springs, CO

$999

Difference

$35.97

🏠Rent Comparison

Studio

From$1,390

To$1,240

↓ $150

1 Bed

From$1,510

To$1,520

↑ $10.00

2 Bed

From$1,750

To$1,800

↑ $50.00

3 Bed

From$2,330

To$2,505

↑ $175

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/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.

$8,068

Monthly in Phoenix, AZ

$7,999

Monthly in Colorado Springs, CO

$69.06

Difference

Home Values

Phoenix

Colorado Springs

$414K

Median Value

$415K

↓ -3.1%

YoY Change

↓ -2.2%

↑ +30.2%

5-Year Change

↑ +22.4%

$274K - $957K

Price Range

$314K - $709K

Calculate payment - Phoenix Calculate payment - Colorado Springs

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $1.4K

More taxes

Monthly Difference

$114

Less take-home

Effective Rate Diff

0.9%

Rate difference

Phoenix, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

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

Phoenix, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

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.