Colorado Springs, CO
Population 483,099 · Colorado
About Colorado Springs, CO
Colorado Springs is a major city located in Colorado with a population of 483,099 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,198 per year, which is 11% above the national median of $75,149. The median age of 35.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Colorado Springs features a median home value of $420,700, which is 72% above the national median of $244,900. This places Colorado Springs in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,562, 34% above the national average of $1,163/month. Of the 207,078 total housing units, 61% are owner-occupied (121,471 units) and 39% are renter-occupied (76,599 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Colorado Springs shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 9.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Colorado Springs have an average one-way commute time of 22.8 minutes.
Education & Demographics
41.9% of Colorado Springs residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 12.0% White, 3.1% Hispanic or Latino, 1.2% Black or African American, and 5.3% Asian residents, with 7.4% of the population being foreign-born.
How Colorado Springs Ranks in Colorado
Cost of Living in Colorado Springs, CO
Compared to national averages, Colorado Springs has a median household income of $83,198 (11% above the national median of $75,149). Home values average $420,700, which is 72% above the national median. Monthly rent at $1,562 is 34% above the US average of $1,163. Within Colorado, Colorado Springs's income is 6% below the state average of $88,514, and home values are 8% below the state median of $457,127.
Why Live in Colorado Springs, CO?
Colorado Springs offers a strong local economy with a median household income of $83,198, well above the national average, and a well-educated community where 41.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.3%, better than the national average. Additionally, the city features short commute times averaging just 22.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $420,700. However, as a major city, Colorado Springs provides access to a wide range of amenities and services.
Colorado Springs has a population of 483,099 with a median age of 35.6 years. Compare Colorado Springs with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Colorado Springs
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Aurora | 390,201 | $84,320 | $444,500 | Compare |
| Denver | 713,734 | $91,681 | $586,700 | Compare |
| Fort Collins | 169,705 | $83,598 | $548,400 | Compare |
| Lakewood | 156,309 | $85,789 | $548,200 | Compare |
| Thornton | 142,878 | $100,985 | $482,200 | Compare |
| Arvada | 122,835 | $113,396 | $600,800 | Compare |
| Westminster | 115,546 | $96,145 | $497,400 | Compare |
| Pueblo | 111,514 | $55,305 | $230,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Colorado Springs With Other Cities
Frequently Asked Questions about Colorado Springs
What is the population of Colorado Springs, CO?
The population of Colorado Springs, CO is 483,099 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Colorado.
What is the median household income in Colorado Springs?
The median household income in Colorado Springs, CO is $83,198 per year, which is 11% above the national median of $75,149.
What is the median home value in Colorado Springs?
The median home value in Colorado Springs, CO is $420,700, which is 72% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Colorado Springs?
The median monthly rent in Colorado Springs, CO is $1,562, which is 34% above the national average of $1,163/month.
What is the unemployment rate in Colorado Springs?
The unemployment rate in Colorado Springs, CO is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Colorado Springs, CO a good place to live?
Colorado Springs offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 483,099 and a median age of 35.6, the city appeals to a broad range of residents.
How educated is Colorado Springs, CO?
41.9% of residents in Colorado Springs aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Colorado Springs?
Key cost-of-living indicators for Colorado Springs, CO: median home value is $420,700 (72% above national), median rent is $1,562/month, and median household income is $83,198. The home-value-to-income ratio is 5.1x, a moderate figure by national standards.
What is the poverty rate in Colorado Springs?
The poverty rate in Colorado Springs, CO is 9.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Colorado Springs, CO?
Colorado Springs's population is 12.0% White, 3.1% Hispanic or Latino, 1.2% Black or African American, 5.3% Asian, and 5.4% two or more races. 7.4% of residents are foreign-born.