New York-Newark-Jersey City vs Colorado Springs

Cost of living comparison based on BEA Regional Price Parities. Colorado Springs is 10.5% less expensive than New York-Newark-Jersey City.

What This Comparison Actually Tells You

The Bureau of Economic Analysis indexes New York-Newark-Jersey City, NY-NJ at an overall Regional Price Parity of 112.6 and Colorado Springs, CO at 100.7, using the U.S. national average of 100 as the reference point. That puts Colorado Springs 10.5% less expensive than New York-Newark-Jersey City on a blended basket of goods, services, and rents. The raw index gap of 11.9 points matters more than the headline comparison because it flows directly into salary-equivalent math that families use for relocation, job offers, and remote-work arbitrage decisions.

Inside the breakdown, New York-Newark-Jersey City indexes goods at 110.3, services at 127.0, and rents at 148.6, while Colorado Springs comes in at 96.1, 83.2, and 116.2 on the same three categories. The rent line carries the largest weight in the BEA methodology, so a metro with a higher rent index almost always ends up more expensive overall - New York-Newark-Jersey City carries the heavier rent load here, and that tends to dominate household budget experience on the ground.

In salary terms, a $100,000 income in New York-Newark-Jersey City has the same purchasing power as $89,467 in Colorado Springs based on these indexes. The two metros serve populations of roughly 19,756,722 (New York-Newark-Jersey City) and 760,782 (Colorado Springs), and median household incomes are $97,334 versus $87,180 respectively - so the right way to read this comparison is never the index alone, but the ratio of your expected local salary to the rent and services mix. For any serious relocation or remote-work decision, pair this BEA comparison with BLS occupation-specific wage data, HUD Fair Market Rent tables, and state tax treatment before committing.

New York-Newark-Jersey City
112.6
Cost Index
Colorado Springs
100.7
Cost Index

Category Breakdown

Category New York-Newark-Jersey City Colorado Springs Difference
Overall 112.6 100.7 -11.9
Goods 110.3 96.1 -14.2
Services 127.0 83.2 -43.8
Rents 148.6 116.2 -32.4

Visual Comparison

Overall
New York-Newark-Jersey City
112.6
Colorado Springs
100.7
Goods
New York-Newark-Jersey City
110.3
Colorado Springs
96.1
Services
New York-Newark-Jersey City
127.0
Colorado Springs
83.2
Rents
New York-Newark-Jersey City
148.6
Colorado Springs
116.2

Vertical line = national average (100)

Salary Equivalents

What a salary in New York-Newark-Jersey City would need to be in Colorado Springs for the same purchasing power:

In New York-Newark-Jersey City In Colorado Springs Difference
$50,000 $44,734 $-5,266
$75,000 $67,100 $-7,900
$100,000 $89,467 $-10,533
$150,000 $134,201 $-15,799

Use the salary calculator for custom amounts.

Metro Context

Metric New York-Newark-Jersey City Colorado Springs
Population 19,756,722 760,782
Median Income $97,334 $87,180
Data Year 2024 2024

Frequently Asked Questions

Is Colorado Springs more expensive than New York-Newark-Jersey City?
Colorado Springs is 10.5% less expensive than New York-Newark-Jersey City. The overall cost index is 100.7 vs 112.6 (national average = 100).
What salary in Colorado Springs equals $100K in New York-Newark-Jersey City?
A $100,000 salary in New York-Newark-Jersey City has the same purchasing power as $89,467 in Colorado Springs. This is based on the BEA Regional Price Parity indexes.
How do rents compare between New York-Newark-Jersey City and Colorado Springs?
Rents in New York-Newark-Jersey City are indexed at 148.6 while Colorado Springs is at 116.2 (national average = 100). New York-Newark-Jersey City has higher rents.

Source: Bureau of Economic Analysis, Regional Price Parities (2024). Index where national average = 100.

Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial