Moving to Colorado Springs CO in 2023? Complete Moving Guide

Is moving to Colorado Springs right for you?

Colorado Springs, the second largest city in Colorado, nestled in El Paso County is rated as one of the best places to live in the entire state.

Colorado Springs high quality of life, remarkable weather, booming job market, and thrilling nightlife makes it a coveted moving destination among millennials.

If you enjoy hiking, rock climbing, off road adventures, camping or even marijuana, moving to Colorado Springs is perfect for you.

Colorado Springs affordable housing, “Olympic culture” of staying fit and healthy, shorter commute time, and pet-friendly status makes it a suitable place for many young families.

If you’re wondering if moving to Colorado Springs is right for you or not, we’ve collated key data about the city to make it easier for you to make the right choice.

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  Quick Facts About Colorado Springs, CO

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  Top reasons to move to Colorado Springs, CO

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  Pros & Cons of living in Colorado Springs, CO

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  Housing market in Colorado Springs, CO

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  Neighborhoods in Colorado Springs, CO

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  Cost of living in Colorado Springs, CO

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  Best Things To Do In Colorado Springs, CO

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  How Safe is Colorado Springs, CO

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  Schools in Colorado Springs, CO

• The summer high in July in Colorado Springs is 84 degrees
• The average annual pay for average jobs in Colorado Springs is $60,988 a year
• The average in-state tuition and fees in public institution is $9,308 per year
• The average typical one-way commute time in Colorado Springs is 21.8 minutes
• About 38.6% of Colorado Springs residents are renters
• Income tax in the state of Colorado is a flat rate of 4.63%
• Average effective rate of property taxes in Colorado is 0.49%
• Recreational marijuana is legalized in Colorado Springs

• Housing is affordable in Colorado Springs
• Colorado Springs has a stable economy
• You’ll enjoy the great outdoors in Colorado Springs
• Food and nightlife are remarkable in Colorado Springs
• If you love pets, Colorado Springs is a pet-friendly city
• Colorado Springs has a top-quality school system
• It’s easier to stay fit and healthy in Colorado Springs
• You’ll enjoy the good climate, relaxed and calm culture
• Residents in Colorado Springs enjoy a high quality of life
• You’ll enjoy the strong sense of community in the city

To have a balanced view of living in Colorado Springs, we’ve highlighted the pros and cons of living in the city. This will make it easier for you to weigh your options carefully before making up your mind about moving to Colorado Springs.

Buying or renting a home are both good options in Colorado Springs. More than half of the city’s residents are homeowners. But there’s a place for everyone including renters.

We’ve collated key data about the city’s real estate and rental market to give you a clear insight before making up your mind about moving to Colorado Springs.

Tip: While moving the home, safety of your belongings is the priority and you need a trustworthy mover at your side. Know the top-rated moving companies in Colorado Springs.

• Average cost of a studio apartment in Colorado Springs is $769
• Average cost of a 1-bedroom home or apartment in Colorado Springs is $936
• Average cost of a 2-bedroom home or apartment Colorado Springs is $1,195
• Average cost of a 3-bedroom home or apartment Colorado Springs is $1,727
• Average cost of a 4-bedroom home or apartment in Colorado Springs is $2,100

• Average annual pay for average jobs in Colorado Springs is $60,988 a year
• Average hourly pay for average jobs in Colorado Springs is $29.32 an hour
• Average weekly pay for hourly jobs in Colorado Springs is $1,173 a week
• Average monthly pay for hourly jobs in Colorado Springs is $5,082 a month

The average costs of living in Colorado Springs is 104.5. That’s slightly higher than the U.S. average of 100. The cost of living is one of the key things you’ll have to consider before making up your mind about moving to Colorado Springs.

We’ve collated key metrics in the cost of living in Colorado Springs to give you key data of what to expect in the city.

Healthcare cost in Colorado Springs

On the average, Colorado Springs residents are expected to pay $369 for a major individual health insurance plan.

Education Cost in Colorado Springs

Colorado Springs is home to several top-rated colleges, universities, elementary, middle, and high schools. If you’re moving to Colorado Springs, here’s the average cost of education in the city:

• Average in-state tuition and fees in public institution is $9,308 per year
• Out-of-state tuition and fees average $26,427 per year
• Average cost of any 4-year institution is $25,362
• Average cost of tuition at any 4-year institution is $20,471

Transportation Cost in Colorado Springs

The public transport system in Colorado Springs is known as the Mountain Metro Transit (MMT). It provides the Colorado Springs and the surrounding area with more than 11,000 one-way trips every day. Since you’re considering moving to Colorado Springs, here’s the cost of transportation in the city:

Mountain Metro Transit Ticket Prices

• Base fare: $1.75 for adults aged 19-59
• Special fare: $0.85 for youth aged 6-18 or seniors 60+
• Youth aged 5 or younger: ride for free with a paid adult fare
• Transfers: free for everyone with a paid fare

Mountain Metro Transit Special Offers

• 31-Day Ticket (unlimited rides): $63
• Special fare 31-Day Ticket (youth aged 6-18 or seniors 60+): $31
• 20-Ride Ticket (unlimited rides): $32
• Special fare 20-Ride Ticket: $16
• Summer Haul Pass (unlimited rides June 1 - August 31 for youth 18 and younger): $25
• Day Pass (unlimited rides): $4

Taxes in Colorado Springs

Taxes in Colorado Springs are in line with statewide taxes in Colorado. Here’s a breakdown of what to expect in taxes if you’re moving to Colorado Springs:

• Income tax in Colorado is a flat rate of 4.63%
• Sales tax in Colorado range from 2.90% - 11.20%
• Average effective rate of property taxes in Colorado is 0.49%
• Gas tax in Colorado is 22.0 cents per gallon of regular gasoline
• Gas tax is 20.5 cents per gallon of diesel
• Marijuana retailers pay a 15% excise tax when they buy from cultivators
• Marijuana consumer pay 15% sales tax at the time of purchase
• Medical marijuana has a 2.9% Colorado sales tax rate
• Colorado has no estate or inheritance tax