A scenic view of Colorado Springs with mountains, cityscape, and vibrant neighborhoods

How much does it cost to live in Colorado Springs, CO?

Real Estate Broker in Colorado Springs, CO
October 03, 2025•4 min read

When you think about Colorado Springs, CO
A few things immediately come to mind: Inspirational mountain views, a vibrant outdoors scene, and a community that feels both welcoming and dynamic. But if you're considering making this city your home, you'd naturally want to know what the costs look like.

Let’s talk about the real picture by digging into the key expenses, especially focusing on utilities in Colorado Springs and the overall cost of living. Whether you're planning to buy a home, rent, or just need a clear picture of what to expect financially, this guide will give you the insights you need.

The Cost of Housing in Colorado Springs
Housing typically forms the biggest chunk of your monthly expenses. As of late 2024, the median home price in Colorado Springs hovers around $400,000 — still more affordable than Denver or Boulder. Renting isn’t far behind, with average monthly rents around $1,800 for a decent one-bedroom apartment in the city center.

It's important to note that housing prices in Colorado Springs have been steadily rising but remain accessible for many. Whether you're looking for a new home in a friendly neighborhood or a rental close to outdoor trails, the options are plentiful and budget-friendly compared to many other parts of Colorado.

Utilities in Colorado Springs
Understanding utilities in Colorado Springs is crucial because they can significantly affect your monthly budget. Utilities include electricity, water, natural gas, and trash services. Here’s what residents typically pay:

  • Electricity: Colorado Springs Utilities supplies electricity at an average monthly cost of about $120 to $150 for a standard household. This can fluctuate based on usage, the season (hot summers or cold winters), and the size of your home.

  • Water and Sewer: The water bill in Colorado Springs averages around $60 to $80 per month. Since the city has a reliable water supply, rates are moderate but always worth keeping an eye on, especially during drought periods.

  • Natural Gas: Gas prices in Colorado Springs tend to be around $40 to $70 per month, making it affordable to heat your home in winter months.

  • Trash Collection: Trash services usually cost about $20 to $25 each month, though some neighborhoods include this in HOA fees.

Altogether, utilities in Colorado Springs can amount to roughly $250 to $325 per month, depending on your household size, energy efficiency of your home, and personal usage habits.

Cost of Living Beyond Housing and Utilities
Other expenses include groceries, transportation, healthcare, and entertainment. Here’s a quick overview:

  • Groceries: On average, groceries for a single person in Colorado Springs run around $350 to $450 monthly. Buying local can sometimes save money, and the city offers plenty of farmers markets and specialty stores.

  • Transportation: While many residents use cars, the city has a decent public transit system. Expect to spend about $600 to $800 annually on gas, insurance, and maintenance if you own a vehicle.

  • Healthcare: Medical costs are slightly lower than national averages, with many providers accessible within the city.

  • Entertainment and Dining: Dining out can cost about $10 to $20 per meal at casual restaurants, while entertainment venues, outdoor activities, and cultural events are abundant and often budget-friendly.

How the Minimum Wage Influences Costs
Coloradans benefit from an increasing minimum wage, impacting affordability. As of 2024, the minimum wage in Colorado Springs is higher than the federal level, helping residents maintain purchasing power. For additional insights, the Colorado Minimum Wage Guide offers up-to-date details on wage trends and how they shape living costs.

Putting It All Together
For a typical single adult, a modest lifestyle might average around $2,000 to $2,500 monthly, including housing, utilities, groceries, transportation, and entertainment. Families may see higher expenses but still enjoy the city's affordability compared to other major Colorado cities.

Being a local expert, I always recommend budgeting for unexpected costs and considering the benefits of energy-efficient homes to reduce utility bills. Colorado Springs’ landscape allows for a healthy outdoor lifestyle, which can also help save on entertainment costs.

Final Thoughts
Living in Colorado Springs offers a fantastic balance of affordability, natural beauty, and a vibrant community. Utilities in Colorado Springs are manageable and often predictable, especially if you focus on energy-efficient habits. As the local housing market continues to grow, now is a great time to explore your options here.

If you're ready to discuss your next move or want more tailored advice about the local market, I am here to help. You can reach me at 719-661-1773 or email [email protected]. For more information about the Colorado Springs real estate scene and how I can assist, visit https://tedbachara.com.

Let’s make your Colorado Springs dream a reality.

cost of living Colorado Springs utilities in Colorado Springs housing in Colorado Springs
My Mission Real estate is more than just a career for me—it’s a calling. Since the very beginning, my goal has always been simple: put people first and provide service that goes far beyond a transaction. I believe buying or selling a home is one of life’s biggest decisions, and my mission is to make sure you feel supported, confident, and cared for every step of the way. My Journey My story in Colorado Springs began in the Air Force, serving four years at NORAD. That experience taught me discipline, dedication, and the importance of integrity—values I’ve carried with me throughout my life and career. When I transitioned into real estate in 1979, I brought those same values to the work I do for my clients. Over the years, I’ve had the privilege of helping families find their first homes, guiding investors toward smart opportunities, and assisting homeowners in selling properties for the best possible return. Every client has a story, and being part of that journey is what continues to inspire me after decades in this business. How I Work To me, real estate is a team effort. I take the time to truly listen and understand your needs, set clear goals with you, and stay in close communication so you always feel informed. My website serves as a 24/7 resource, with tools to search for homes, track your home’s value, and access helpful information whenever you need it. But while technology makes the process easier, it’s the personal connection that makes the difference—and that’s where I focus most. Behind the scenes, I’m supported by a trusted team: Janet S. – Executive Assistant & Office Manager Suze T. – Receptionist Together, we make sure every detail is handled with care so you can focus on what matters most—your move. Clients First, Always The heart of my business is the relationships I’ve built over the years. Many of my clients have become lifelong friends, and I’m honored that so much of my business comes from repeat clients and referrals. That trust means everything to me, and I never take it for granted. Service Areas I proudly serve: Colorado Springs Woodland Park Monument Fountain Falcon No matter where you are in your real estate journey, I would be honored to guide you home.

Ted Bachara

My Mission Real estate is more than just a career for me—it’s a calling. Since the very beginning, my goal has always been simple: put people first and provide service that goes far beyond a transaction. I believe buying or selling a home is one of life’s biggest decisions, and my mission is to make sure you feel supported, confident, and cared for every step of the way. My Journey My story in Colorado Springs began in the Air Force, serving four years at NORAD. That experience taught me discipline, dedication, and the importance of integrity—values I’ve carried with me throughout my life and career. When I transitioned into real estate in 1979, I brought those same values to the work I do for my clients. Over the years, I’ve had the privilege of helping families find their first homes, guiding investors toward smart opportunities, and assisting homeowners in selling properties for the best possible return. Every client has a story, and being part of that journey is what continues to inspire me after decades in this business. How I Work To me, real estate is a team effort. I take the time to truly listen and understand your needs, set clear goals with you, and stay in close communication so you always feel informed. My website serves as a 24/7 resource, with tools to search for homes, track your home’s value, and access helpful information whenever you need it. But while technology makes the process easier, it’s the personal connection that makes the difference—and that’s where I focus most. Behind the scenes, I’m supported by a trusted team: Janet S. – Executive Assistant & Office Manager Suze T. – Receptionist Together, we make sure every detail is handled with care so you can focus on what matters most—your move. Clients First, Always The heart of my business is the relationships I’ve built over the years. Many of my clients have become lifelong friends, and I’m honored that so much of my business comes from repeat clients and referrals. That trust means everything to me, and I never take it for granted. Service Areas I proudly serve: Colorado Springs Woodland Park Monument Fountain Falcon No matter where you are in your real estate journey, I would be honored to guide you home.

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