Median rent is 36% lower in Milwaukee ($1,059/mo vs $1,648/mo). Buying is cheaper in Milwaukee, where the median home runs $184,000 versus $452,600. Households earn more in Colorado Springs ($84,818 vs $54,234 a year). Taken together, Milwaukee is the more affordable choice with a cost index of 95.7 against 98.1 — about 2% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Colorado Springs, CO.
Cost of living verdict
Milwaukee is 2% cheaper overall
Cost of Living Index: 95.7 in Milwaukee vs 98.1 in Colorado Springs (US national average = 100)
City A
Colorado Springs, CO
City B
Milwaukee, WI
How much would you need to earn in Milwaukee, WI to maintain your standard of living from Colorado Springs, CO?
Equivalent salary in Milwaukee, WI
$73,134
You could earn $1,866 less (2% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Colorado Springs
Colorado
Milwaukee
Wisconsin
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: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Milwaukee — median rent of $1,059/mo versus $1,648/mo in Colorado Springs, a 36% difference. Home buyers face a steeper market in Colorado Springs: the median home is $452,600 versus $184,000 in Milwaukee — 59% 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.
Colorado Springs
Income tax: N/A
Sales tax: N/A
Milwaukee
Income tax: N/A
Sales tax: N/A
Both cities have similar air quality: Colorado Springs averages 23.0 AQI (Good) and Milwaukee averages 22.0 AQI (Good).
Pick Colorado Springs if you prioritize higher median household income ($84,818/yr).
Pick Milwaukee if you prioritize cheaper rent ($1,059/mo median).
Is Colorado Springs cheaper than Milwaukee?
Milwaukee is cheaper overall, with a cost of living index of 95.7 versus 98.1 (US average = 100). That means prices run about 2% lower in Milwaukee.
How much is rent in Colorado Springs vs Milwaukee?
Median rent is $1,648/mo in Colorado Springs, CO and $1,059/mo in Milwaukee, WI. Milwaukee, WI has the lower rent by about 36%.
Which has higher salaries — Colorado Springs or Milwaukee?
Median household income is $84,818 in Colorado Springs, CO and $54,234 in Milwaukee, WI. 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?
Milwaukee, WI has better air quality on average: 22.0 AQI versus 23.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Colorado Springs or Milwaukee?
State tax data is not yet available for one or both cities.
What salary do I need in Milwaukee 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 $97,512 in Milwaukee, WI (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
