Salary Needed to Live in Colorado Springs as a Family
A family of four (2 adults, 2 children) needs approximately $61,779/year to live comfortably in Colorado Springs, CO — including 15% savings.
Comfortable Salary
$61,779
with 15% savings
Bare Minimum
$49,085
no savings buffer
Monthly Expenses
$2,986
2% above national avg
Detailed Monthly Budget for a Family in Colorado Springs
| Expense | Colorado Springs | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $224 | $209 | +7% |
| 🛒 Groceries | $45 | $44 | +2% |
| ⚡ Utilities | $29 | $28 | +4% |
| 🚗 Transportation | $50 | $44 | +14% |
| 🛡️ Car Insurance | $147 | $215 | -32% |
| 🏥 Health Insurance | $43 | $54 | -20% |
| Childcare/After-school | $1,260 | $1,200 | +5% |
| Internet + Phones | $189 | $180 | +5% |
| Children Activities | $263 | $250 | +5% |
| Dining Out | $368 | $350 | +5% |
| School Supplies & Clothing | $210 | $200 | +5% |
| Healthcare Co-pays | $158 | $150 | +5% |
| Total Monthly | $2,986 | $2,924 | +2% |
How We Calculated the Salary
Monthly expenses:$2,986
Target savings (15%):$663/mo
Monthly after-tax needed:$3,649
Effective tax rate:27%
Gross annual salary needed:$61,779
Other Household Types in Colorado Springs
Related Pages
FAQ
What salary does a family with kids need in Colorado Springs?
A family with kids needs approximately $61,779/year ($5,148/month gross) to live comfortably in Colorado Springs with a 15% savings rate.
How much is rent for a family with kids in Colorado Springs?
A 3br apartment/house in Colorado Springs costs approximately $224/month, which is the largest single expense at 8% of the total budget.
Is Colorado Springs affordable for a family with kids?
Colorado Springs is roughly average for family with kids costs, requiring a salary close to the national median.