Cost of living in Colorado Springs
Colorado Springs, located in the state of Colorado, is known for its stunning natural landscapes and vibrant community. Understanding the cost of living in this city is crucial for both current residents and those considering a move.
This guide provides a detailed breakdown of expenses in Colorado Springs, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $18 on average, with a range between $15 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $82.5, with prices ranging from $50 to $115.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $10 and $14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $12, imported beer $6 to $9, cappuccino $3 to $9, and Coke/Pepsi $2 to $6.
Grocery Prices
- Milk - Milk is priced between $0.92 and $1.32 per liter, averaging $1.04.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $4.96, with an average price of $3.19.
- Eggs (Dozen) - A dozen eggs range from $2.4 to $5.54, averaging $4.31.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.84 to $4.41 per kg, while oranges range from $2.2 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.72 and $8.82 per kg, and lettuce costs $1.49 to $2 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $1.75 and $3, with a monthly pass priced between $60 and $63.
- Fuel (Gasoline) - Gasoline is priced between $0.71 and $1.05 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $1.4 per km and $25 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1200 to $1900, averaging $1550.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1000 to $1800, averaging $1400.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2000 to $2700, averaging $2380.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1600 to $2500, averaging $1995.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2314.24 to $2422, averaging $2332.2.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $2314.24 to $2422, averaging $2335.79.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $134.21 and $275, averaging $192.37.
- Internet - Internet services range from $80 to $110, with an average cost of $96.86.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Colorado Springs offers a moderate cost of living with affordable housing options compared to larger metropolitan areas.
Dining out can vary significantly in price, with options ranging from budget-friendly to more upscale experiences.
Transportation costs are relatively low, especially for public transport and fuel.
Grocery prices are reasonable, though some items like fresh produce can vary widely in cost.
Conclusion
In conclusion, Colorado Springs presents a balanced cost of living, making it an attractive option for individuals and families seeking a mix of urban and natural environments.
With its affordable housing, reasonable transportation costs, and diverse dining options, the city is well-suited for those looking to enjoy a high quality of life without the high expenses found in larger cities.