Salary Needed to Live in Colorado Springs as a Single
A single adult living independently needs approximately $20,019/year to live comfortably in Colorado Springs, CO — including 10% savings.
Comfortable Salary
$20,019
with 10% savings
Bare Minimum
$17,277
no savings buffer
Monthly Expenses
$1,051
3% below national avg
Detailed Monthly Budget for a Single in Colorado Springs
| Expense | Colorado Springs | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $121 | $113 | +7% |
| 🛒 Groceries | $18 | $17 | +6% |
| ⚡ Utilities | $15 | $14 | +7% |
| 🚗 Transportation | $30 | $26 | +15% |
| 🛡️ Car Insurance | $147 | $215 | -32% |
| 🏥 Health Insurance | $43 | $54 | -20% |
| Internet | $68 | $65 | +5% |
| Phone | $89 | $85 | +5% |
| Dining & Social | $315 | $300 | +5% |
| Entertainment | $126 | $120 | +5% |
| Personal Care | $79 | $75 | +5% |
| Total Monthly | $1,051 | $1,084 | -3% |
How We Calculated the Salary
Monthly expenses:$1,051
Target savings (10%):$135/mo
Monthly after-tax needed:$1,186
Effective tax rate:27%
Gross annual salary needed:$20,019
Other Household Types in Colorado Springs
Related Pages
FAQ
What salary does a single person need in Colorado Springs?
A single person needs approximately $20,019/year ($1,668/month gross) to live comfortably in Colorado Springs with a 10% savings rate.
How much is rent for a single person in Colorado Springs?
A studio/1br in Colorado Springs costs approximately $121/month, which is the largest single expense at 12% of the total budget.
Is Colorado Springs affordable for a single person?
Colorado Springs is roughly average for single person costs, requiring a salary close to the national median.