Cost of Living in El Paso County, Colorado

$1,609/mo
Median Monthly Rent
$431,000
Median Home Value
28% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,609/mo
28% above state average
Median Home Value
$431,000
53% above national
Rent-to-Income Ratio
31.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How El Paso County Compares

Median monthly rent comparison

El Paso County$1,609/mo
Colorado Average$1,253/mo
National Median$1,163/mo

Detailed Housing Stats

$1,609/mo
Median Gross Rent
$431,000
Median Home Value
$1,698/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in El Paso County, Colorado

Colorado Springs region balanced overall

El Paso County residents spend 22.1% of their income on rent, slightly above Colorado's state average of 20.2% but below many national benchmarks. With a median household income of $87,470 (above the national average of $74,755) and median rent of $1,609, the county offers moderate affordability.

Solid middle ground in state rankings

El Paso County's 22.1% rent-to-income ratio sits comfortably in Colorado's mid-tier affordability, above the state average but not among the most burdened counties. The region balances military presence, tech growth, and established communities into reasonably accessible housing.

Cheaper than Denver, comparable to Garfield

El Paso County's $1,609 median rent undercuts Denver ($1,770) and Eagle County ($2,032) while tracking similarly to Garfield County ($1,515). Residents earn less than Denver or Eagle counterparts but benefit from lower absolute housing costs.

Moderate burden on military-influenced incomes

Renters dedicate $1,609 monthly (22.1% of $87,470 income) while homeowners pay $1,698 on a median home value of $431,000. El Paso County's military presence and tech economy support middle-class housing stability better than many comparable markets.

Colorado Springs appeals to mid-career movers

If you're relocating with $80,000–$100,000 in income and seeking lower housing costs than Denver, El Paso County delivers solid value and growing job markets. The region suits military families, tech workers, and those seeking affordability without sacrificing urban amenities.

Affordability Calculator

See how your income compares to housing costs in El Paso County

$

Rent Burden

22.1%

of gross income

Max Housing (28% Rule)

$2,041

per month

Owner Cost Burden

23.3%

of gross income

The median home in El Paso County may be a stretch

Median home value is $431,000. Estimated monthly cost: $3,441 vs. your max of $2,041.

Rent Affordability Guide

Your rent-to-income ratio22.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in El Paso County, Colorado?
El Paso County, Colorado has a median monthly rent of $1,609/mo and a median home value of $431,000. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in El Paso County?
The median gross rent in El Paso County is $1,609/mo. This is 28% above state average for Colorado.
Is El Paso County affordable?
El Paso County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does El Paso County's rent compare to the state average?
El Paso County's median rent of $1,609/mo is 28% above state average of $1,253/mo for Colorado.
What is the median home value in El Paso County?
The median home value in El Paso County, Colorado is $431,000. This is 53% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.