CostIndexUSA

Ann Arbor, MI vs Colorado Springs, CO Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

≈ Equal CostMI
Ann Arbor
100.9
overall index
$2,050/mo rent
CO
Colorado Springs
100.7
overall index
$1,675/mo rent

Ann Arbor and Colorado Springs have nearly identical costs of living.

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing−7.3%
Ann Arbor
125.3
Colorado Springs
116.2
🛒 Groceries+2.6%
Ann Arbor
93.7
Colorado Springs
96.1
🚗 Transportation≈ Equal
Ann Arbor
104.5
Colorado Springs
104.8
🏥 Healthcare≈ Equal
Ann Arbor
94.6
Colorado Springs
94.8
⚡ Utilities−15.3%
Ann Arbor
98.2
Colorado Springs
83.2

Salary Equivalency Calculator

Enter your current salary in Ann Arbor to see what you'd need to earn in Colorado Springs to maintain the same purchasing power.

$
→
Equivalent salary in Colorado Springs, CO
$79,800
$200 less needed in Colorado Springs

Formula: salary × (100.7 ÷ 100.9) = salary × 0.9980. Based on BEA Regional Price Parities.

Housing Market

Ann Arbor, MI

Median Home Price
$398,000
Median Monthly Rent
$2,050
Housing Index
125.3
Price-to-Rent Ratio
16.2×

Colorado Springs, CO

Median Home Price
$448,000
Median Monthly Rent
$1,675
Housing Index
116.2
Price-to-Rent Ratio
22.3×

Ann Arbor has 7.3% lower housing costs compared to Colorado Springs.

Income & Job Market

Ann Arbor, MI

Median Household Income
$83,800
Per Capita Income
$47,800
Unemployment Rate
3.3%
Population
123,851
Top Industries
EducationTechnologyHealthcareManufacturingResearch

Colorado Springs, CO

Median Household Income
$89,800
Per Capita Income
$51,200
Unemployment Rate
4.2%
Population
478,961
Top Industries
MilitaryAerospaceTechnologyHealthcareTourism

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Ann Arbor, MI
3.4×income-to-rent ratio

71% of income left after rent (median)

Colorado Springs, CO
4.5×income-to-rent ratio

78% of income left after rent (median)

Ann Arbor vs other cities

Ann Arbor, MI
vs
Detroit, MI
Index: 100.9Index: 100.3
Ann Arbor, MI
vs
Flint, MI
Index: 100.9Index: 93
Ann Arbor, MI
vs
Grand Rapids, MI
Index: 100.9Index: 95.5
Ann Arbor, MI
vs
Abilene, TX
Index: 100.9Index: 90.4
Ann Arbor, MI
vs
Odessa, TX
Index: 100.9Index: 93.9

Colorado Springs vs other cities

Colorado Springs, CO
vs
Aurora, CO
Index: 100.7Index: 105.8
Colorado Springs, CO
vs
Boulder, CO
Index: 100.7Index: 105.2
Colorado Springs, CO
vs
Denver, CO
Index: 100.7Index: 105.8
Colorado Springs, CO
vs
Omaha, NE
Index: 100.7Index: 91.9
Colorado Springs, CO
vs
Raleigh, NC
Index: 100.7Index: 98.2

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.