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Economy, jobs and prices in Colorado Springs, Colorado: official figures

The median household income in Colorado Springs was $84,818 a year in the 2020-2024 American Community Survey (in 2024 dollars), 368th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the Colorado median $95,470.

Median household income
$84,818
2020-2024
Unemployment rate (ACS)
5.6%
2020-2024
Mean travel time to work
22.7 min
2020-2024
Median gross rent (monthly)
$1,648
2020-2024
Median home value (owner-occupied)
$452,600
2020-2024
Homes occupied by their owners
60.9%
2020-2024
Households with a broadband subscription
94.4%
2020-2024

What is the per capita income in Colorado Springs?

Income per resident (per capita income) in Colorado Springs averaged $46,513 a year in 2020-2024, 280th highest of 823 US cities of 50,000 or more (US: $44,673; Colorado: $52,636).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Colorado Springs?

Colorado Springs' Gini index of household income inequality was 0.434 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 303rd least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Colorado Springs, Colorado?

5.6% of the civilian labor force in Colorado Springs was unemployed on average over 2020-2024 (14,192 people), 352nd highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Colorado's 4.6%.

Source: U.S. Census Bureau · saved copy

What share of people in Colorado Springs are working?

68.4% of Colorado Springs' 392,443 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 246th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Colorado Springs have jobs?

240,411 residents of Colorado Springs held civilian jobs, 61.3% of those aged 16 and over (US: 59.7%), and 13,828 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Colorado Springs?

The largest industry group for working residents of Colorado Springs was education, health care and social assistance (24.0% of employed residents), followed by professional, scientific, management and administrative services (14.7%) and retail trade (11.3%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Colorado Springs work in manufacturing?

Manufacturing employed 6.1% of working residents of Colorado Springs, 179th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 14.7% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Colorado Springs, Colorado?

Commuters in Colorado Springs took 22.7 minutes on average to get to work in 2020-2024, 292nd shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 5.1% travelled an hour or more and 26.7% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Colorado Springs get to work?

17.6% of workers living in Colorado Springs worked from home in 2020-2024, 274th highest of 823 US cities of 50,000 or more (US: 15.1%). 70.0% drove to work alone, 8.7% carpooled, 0.5% used public transport and 1.8% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Colorado Springs, Colorado?

The median gross rent (rent plus utilities) in Colorado Springs was $1,648 a month in 2020-2024, 376th highest of 823 US cities of 50,000 or more (US: $1,413; Colorado: $1,761).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Colorado Springs?

Owner-occupied homes in Colorado Springs had a median value of $452,600 in 2020-2024 as estimated by their owners, 325th highest of 823 US cities of 50,000 or more (US: $332,700; Colorado: $539,400).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Colorado Springs?

The median home value in Colorado Springs was 5.3 times the median household income, 314th highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Colorado Springs, Colorado own their home?

60.9% of the 202,515 occupied homes in Colorado Springs were lived in by their owners in 2020-2024 and 79,251 were rented, 346th highest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Colorado: 66.2%).

Source: U.S. Census Bureau · saved copy

What share of homes in Colorado Springs have broadband?

94.4% of households in Colorado Springs had a broadband internet subscription of some type in 2020-2024, 243rd highest of 823 US cities of 50,000 or more (US: 91.0%; Colorado: 93.5%).

Source: U.S. Census Bureau · saved copy

How many households in Colorado Springs have no internet?

3.9% of households in Colorado Springs (7,978) had no internet access at home in 2020-2024, 303rd lowest of 823 US cities of 50,000 or more (US: 6.5%); 8.9% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Colorado Springs compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Colorado Springs ranks 368 of 823, highest first.

RankCityMedian household income (2024 dollars)
365Everett$85,218
366Pembroke Pines$85,104
367Fort Collins$85,070
368Colorado Springs$84,818
369Gardena$84,803
370Santa Maria$84,746
371Loveland$84,604
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Colorado Springs ranks 280 of 823, highest first.

RankCityPer capita income (2024 dollars)
277Blaine$46,842
278Lewisville$46,697
279Skokie$46,534
280Colorado Springs$46,513
281Vacaville$46,475
282Broken Arrow$46,371
283Elk Grove$46,347
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Colorado Springs ranks 521 of 823, highest first.

RankCityGini index of household income inequality
518San Buenaventura (Ventura)0.435
519Bothell0.434
520Allentown0.434
521Colorado Springs0.434
522Franklin0.434
523Royal Oak0.434
524Fountain Valley0.434
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Colorado Springs ranks 352 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
349Gresham5.6%
350Oak Park5.6%
351Berkeley5.6%
352Colorado Springs5.6%
353Tacoma5.6%
354Clovis5.6%
355Elyria5.6%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Colorado Springs ranks 246 of 823, highest first.

RankCityLabor force participation rate (16 and over)
243Virginia Beach68.5%
244Lexington68.4%
245Summerville68.4%
246Colorado Springs68.4%
247Moore68.4%
248Cedar Rapids68.4%
249Iowa City68.4%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Colorado Springs ranks 532 of 823, highest first.

RankCityMean travel time to work (minutes)
529Clearwater22.7
530St. Peters22.7
531Pittsburgh22.7
532Colorado Springs22.7
533Sandy22.7
534Hanford22.6
535West Valley City22.6
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Colorado Springs ranks 274 of 823, highest first.

RankCityWorkers who worked from home
271Monterey Park17.6%
272Milford17.6%
273Boise City17.6%
274Colorado Springs17.6%
275Jupiter17.5%
276Frederick17.5%
277Henderson17.5%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Colorado Springs ranks 605 of 823, highest first.

RankCityWorkers commuting by public transportation
602Taunton0.5%
603Lodi0.5%
604Waukesha0.5%
605Colorado Springs0.5%
606Fayetteville0.5%
607Sterling Heights0.5%
608Wylie0.5%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Colorado Springs ranks 645 of 823, highest first.

RankCityEmployed residents working in manufacturing
642El Paso6.2%
643Lake Havasu City6.2%
644Moore6.2%
645Colorado Springs6.1%
646Boulder6.1%
647Wilmington6.1%
648Iowa City6.1%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Colorado Springs ranks 321 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
318Burleson24.1%
319Surprise24.1%
320Port Orange24.1%
321Colorado Springs24.0%
322Shoreline24.0%
323Bend24.0%
324Fort Wayne24.0%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Colorado Springs ranks 376 of 823, highest first.

RankCityMedian gross rent per month
373Hendersonville$1,653
374Lynwood$1,652
375Ann Arbor$1,649
376Colorado Springs$1,648
377Kissimmee$1,647
378Flagstaff$1,645
379Rochester Hills$1,644
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Colorado Springs ranks 325 of 823, highest first.

RankCityMedian value of owner-occupied homes
322Ann Arbor$453,400
323Cathedral City$453,100
324Carson City$453,000
325Colorado Springs$452,600
326Lakeville$452,500
327Woodbury$450,200
328Downers Grove$449,800
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Colorado Springs ranks 311 of 820, highest first.

RankCityMedian home value as a multiple of median household income
308Nashville5.3x
309Worcester5.3x
310Perris5.3x
311Colorado Springs5.3x
312Lauderhill5.3x
313Taunton5.3x
314Rancho Cordova5.3x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Colorado Springs ranks 346 of 823, highest first.

RankCityOccupied homes lived in by their owners
343Greeley60.9%
344Independence60.9%
345Lake Charles60.9%
346Colorado Springs60.9%
347Fremont60.8%
348Kirkland60.8%
349Columbus60.8%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Colorado Springs ranks 243 of 823, highest first.

RankCityHouseholds with a broadband subscription
240Blue Springs94.5%
241Seattle94.5%
242Davis94.5%
243Colorado Springs94.4%
244Jupiter94.4%
245Virginia Beach94.4%
246Salinas94.4%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Colorado Springs ranks 521 of 823, highest first.

RankCityHouseholds with no internet access
518Aurora4.0%
519Athens4.0%
520Palm Desert3.9%
521Colorado Springs3.9%
522Sunrise3.9%
523Lexington3.9%
524Millcreek3.9%
Source: U.S. Census Bureau · saved copy

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Sources

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