Median rent is 26% lower in Albany ($1,216/mo vs $1,648/mo). Buying is cheaper in Albany, where the median home runs $234,700 versus $452,600. Households earn more in Colorado Springs ($84,818 vs $61,986 a year). Taken together, Colorado Springs is the more affordable choice with a cost index of 98.1 against 98.2 — about 0% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Colorado Springs, CO.
City A
Albany, NY
City B
Colorado Springs, CO
How much would you need to earn in Colorado Springs, CO to maintain your standard of living from Albany, NY?
Equivalent salary in Colorado Springs, CO
$74,951
You could earn $49 less (0% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Albany
New York
Colorado Springs
Colorado
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Albany — median rent of $1,216/mo versus $1,648/mo in Colorado Springs, a 26% difference. Home buyers face a steeper market in Colorado Springs: the median home is $452,600 versus $234,700 in Albany — 48% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Albany
Income tax: N/A
Sales tax: N/A
Colorado Springs
Income tax: N/A
Sales tax: N/A
Air quality data is available for Colorado Springs (avg AQI 23.0) but not yet for Albany.
Pick Colorado Springs if you prioritize higher median household income ($84,818/yr).
Pick Albany if you prioritize cheaper rent ($1,216/mo median).
Is Albany cheaper than Colorado Springs?
Colorado Springs is cheaper overall, with a cost of living index of 98.1 versus 98.2 (US average = 100). That means prices run about 0% lower in Colorado Springs.
How much is rent in Albany vs Colorado Springs?
Median rent is $1,216/mo in Albany, NY and $1,648/mo in Colorado Springs, CO. Albany, NY has the lower rent by about 26%.
Which has higher salaries — Albany or Colorado Springs?
Median household income is $61,986 in Albany, NY and $84,818 in Colorado Springs, CO. Colorado Springs, CO has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Albany or Colorado Springs?
State tax data is not yet available for one or both cities.
What salary do I need in Colorado Springs to match my Albany income?
To maintain the same purchasing power, a salary of $100,000 in Albany, NY is equivalent to roughly $99,935 in Colorado Springs, CO (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
