Colorado Springs, CO is a vibrant city with plenty of local companies, attractions, and recreational activities to enjoy. Home to Fort Carson military base and Peterson Air Force Base, the city is full of opportunity for all ages. With an estimated population of 479,000, it’s no surprise that the average 2 bedroom rent here is $1,370; below the US average of $1,430. Colorado Springs also has a Grocery Cost Index of 97 - lower than the US average – making it a great place to live if you are looking for affordable living expenses.
The city boasts a variety of businesses such as The Broadmoor Hotel & Resort at Cheyenne Mountain – listed as one of the most luxurious resorts in the world; Webroot Software headquartered here on Garden of the Gods Rd; and Pikes Peak Community College which offers many degrees and certificates to its students.
From skiing in nearby Breckenridge or Copper Mountain ski resorts in the winter to ziplining over Royal Gorge during summer months - there’s plenty to do in Colorado Springs. Other popular attractions include Seven Falls – a spectacular series of seven cascades descending more than 1,000 feet down into Bear Creek Canyon just outside the city; Red Rock Canyon Open Space – where visitors can take part in activities like hiking and rock climbing; and Manitou Cliff Dwellings – an open air museum featuring ancient ruins from Ancestral Puebloans that lived thousands of years ago!
Colorado Springs (zip 80916) has an unemployment rate of 6.8%. The US average is 6.0%.
Colorado Springs (zip 80916) has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 48.4%, which is higher than the US average of 33.5%.
Tax Rates for Colorado Springs (zip 80916)
- The Sales Tax Rate for Colorado Springs (zip 80916) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Colorado Springs (zip 80916) is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Colorado Springs (zip 80916)
- The average income of a Colorado Springs (zip 80916) resident is $17,811 a year. The US average is $28,555 a year.
- The Median household income of a Colorado Springs (zip 80916) resident is $53,984 a year. The US average is $69,021 a year.