El Paso County · Colorado · West · 488k residents
Colorado Springs, CO: economy, jobs & business costs
The site-selection read on Colorado Springs: labor costs, talent, corporate tax, energy, and business activity, with the Colorado median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,363/wk. Colorado's corporate income tax rate is 4.4%. Commercial electricity averages 11.7¢/kWh.
Compare Colorado Springs side by side
Avg. weekly wage
$1,363/wk
Corporate income tax
4.4%
Bachelor's degree or higher
42.7%
Commercial electricity
11.7¢/kWh
Economic momentum
How fast Colorado Springs's economy is moving, ranked against the US cities we track.
23/100
Cooling
Ranks Colorado Springs's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $450,000 |
| Price per sq. ft. | $260 |
| Property tax rate | 0.45% |
| 1-bedroom rent | $1,300/mo |
| 2-bedroom rent | $1,650/mo |
| State & local income tax | 2.89% |
| Sales tax | 8.2% |
| Corporate income tax | 4.4% |
| Avg. weekly wage | $1,363/wk |
| Bachelor's degree or higher | 42.7% |
| Commercial electricity | 11.7¢/kWh |
| Businesses per 1k residents | 33.5/1k |
| Wage: Software developer | $134,280 |
| Wage: Registered nurse | $96,140 |
| Wage: General manager | $120,770 |
| Wage: Customer service | $46,120 |
| Wage: Warehouse worker | $41,440 |
| Wage: Heavy truck driver | $59,790 |
| Wage: Electrician | $59,210 |
| Wage: Retail salesperson | $36,060 |
| Cost of living index | 99 |
| Groceries index | 101 |
| Utilities | $145/mo |
| Transit pass | $63/mo |
| Gas price | $3.10/gal |
| Healthcare index | 100 |
| Childcare (per child) | $1,300/mo |
| Median household income | $75,000 |
| Unemployment rate | 4% |
| Population | 488k |
| Crime index | 47/100 |
| School rating | 6.5/10 |
| Walkability | 35/100 |
| Disaster risk | 94/100 |
| Avg. commute | 24 min |
| Sunny days / year | 243 days |
| July high | 87°F |
| January low | 19°F |
| Annual snowfall | 33 in |
| Home price YoY | -2.0% |
| Home price MoM | -0.5% |
| Rent YoY | +0.7% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | -0.5% |
| Building permits YoY | — |
| Ocean coast | 802 mi |
| Big lake | 232 mi |
| Mountains | 12 mi |
| Major airport | 7 mi |
| Ski resort | 79 mi |
Popular comparisons
Nearby
- Cimarron Hills, CO · 20k
- Security-Widefield, CO · 37k
- Fort Carson, CO · 18k
- Fountain, CO · 29k
- Black Forest, CO · 16k
Similar size
- Aurora, CO · 394k
- Denver, CO · 719k
- Fort Collins, CO · 170k
- Lakewood, CO · 157k
- Thornton, CO · 144k
Real listings in Colorado Springs
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Colorado Springs a good place to run a business?
- Colorado's corporate income tax rate is 4.4%; average weekly wages in the surrounding labor market run $1,363/wk; commercial electricity averages 11.7¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Colorado Springs, CO?
- Colorado Springs indexes at 99 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,650/mo and a median home value of $450,000.
- How much does a house cost in Colorado Springs?
- The median home value in Colorado Springs is $450,000 (compiled estimate; individual listings vary).
- How much is rent in Colorado Springs?
- A two-bedroom in Colorado Springs rents for about $1,650/mo.