Median rent is 33% lower in El Paso ($1,041/mo vs $1,562/mo). Buying is cheaper in El Paso, where the median home runs $171,700 versus $420,700. Households earn more in Colorado Springs ($83,198 vs $58,734 a year). Taken together, Colorado Springs is the more affordable choice with a cost index of 96.8 against 97.1 — about 0% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Colorado Springs, CO.
City A
Colorado Springs, CO
City B
El Paso, TX
How much would you need to earn in El Paso, TX to maintain your standard of living from Colorado Springs, CO?
Equivalent salary in El Paso, TX
$75,189
You'd need $189 more (0% higher).
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
Colorado Springs
Colorado
El Paso
Texas
👥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 El Paso — median rent of $1,041/mo versus $1,562/mo in Colorado Springs, a 33% difference. Home buyers face a steeper market in Colorado Springs: the median home is $420,700 versus $171,700 in El Paso — 59% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Texas has no state income tax, while Colorado tops out at 4.40% — giving El Paso a clear advantage for high earners. Sales tax is 2.90% in Colorado and 6.25% in Texas; Colorado Springs has the lower rate (local add-ons may apply in both).
Colorado Springs
Income tax: 4.40%
Sales tax: 2.90%
El Paso
Income tax: None
Sales tax: 6.25%
Colorado Springs has cleaner air on average: 34.0 AQI (Good) compared to 153.0 AQI (Unhealthy for Sensitive Groups) in the other city. Lower AQI means cleaner, healthier air.
Pick Colorado Springs if you prioritize higher median household income ($83,198/yr).
Pick El Paso if you prioritize cheaper rent ($1,041/mo median).
Pick Colorado Springs if you prioritize cleaner air quality (avg AQI 34.0).
Pick El Paso if you prioritize no state income tax.
Is Colorado Springs cheaper than El Paso?
Colorado Springs is cheaper overall, with a cost of living index of 96.8 versus 97.1 (US average = 100). That means prices run about 0% lower in Colorado Springs.
How much is rent in Colorado Springs vs El Paso?
Median rent is $1,562/mo in Colorado Springs, CO and $1,041/mo in El Paso, TX. El Paso, TX has the lower rent by about 33%.
Which has higher salaries — Colorado Springs or El Paso?
Median household income is $83,198 in Colorado Springs, CO and $58,734 in El Paso, TX. 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?
Colorado Springs, CO has better air quality on average: 34.0 AQI versus 153.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Colorado Springs or El Paso?
Texas has no state income tax. Colorado has a top rate of 4.40%.
What salary do I need in El Paso to match my Colorado Springs income?
To maintain the same purchasing power, a salary of $100,000 in Colorado Springs, CO is equivalent to roughly $100,252 in El Paso, TX (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology