Cheyenne, WY vs Colorado Springs, CO Cost of Living
Data: BEA Regional Price Parities · Census ACS · 2024
Cheyenne is slightly cheaper than Colorado Springs — 4.4% lower overall cost of living.
To match an $80,000 salary in Cheyenne, you would need $83,500 in Colorado Springs. Calculate your salary ↓
Category Breakdown
Index values: 100 = U.S. national average. Higher = more expensive.
Salary Equivalency Calculator
Enter your current salary in Cheyenne to see what you'd need to earn in Colorado Springs to maintain the same purchasing power.
Formula: salary × (100.7 ÷ 96.5) = salary × 1.0435. Based on BEA Regional Price Parities.
Housing Market
Cheyenne, WY
- Median Home Price
- $377,000
- Median Monthly Rent
- $1,475
- Housing Index
- 89.8
- Price-to-Rent Ratio
- 21.3×
Colorado Springs, CO
- Median Home Price
- $448,000
- Median Monthly Rent
- $1,675
- Housing Index
- 116.2
- Price-to-Rent Ratio
- 22.3×
Colorado Springs has 29.4% higher housing costs compared to Cheyenne.
Income & Job Market
Cheyenne, WY
- Median Household Income
- $75,100
- Per Capita Income
- $42,800
- Unemployment Rate
- 5.4%
- Population
- 63,957
Colorado Springs, CO
- Median Household Income
- $89,800
- Per Capita Income
- $51,200
- Unemployment Rate
- 4.2%
- Population
- 478,961
Affordability at a Glance
Income-to-rent ratio: higher is better (more income relative to housing costs).
76% of income left after rent (median)
78% of income left after rent (median)
Related Comparisons
Cheyenne vs other cities
Colorado Springs vs other cities
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.