Question 1

Is Colorado Springs or Memphis cheaper to live in?

Accepted Answer

Memphis, TN is cheaper. Estimated essentials for a single person run about $424/month less than in Colorado Springs, covering rent plus everyday costs. Typical rent is $1,735/mo in Colorado Springs versus $1,274/mo in Memphis.

Question 2

What salary do you need in Colorado Springs vs Memphis?

Accepted Answer

Living comfortably takes roughly $72,500/year before tax in Colorado Springs, CO and $60,500/year in Memphis, TN — a difference of about $12,000. Both figures are after state and local income taxes are accounted for.

Question 3

Is Colorado Springs or Memphis cheaper for a family?

Accepted Answer

Memphis, the same answer as for a single person. A four-person household runs about $7,542/month in Colorado Springs and $6,533/month in Memphis, with rent scaled to household size using each city's own bedroom spread.

Question 4

Should I move to Colorado Springs or Memphis?

Accepted Answer

It depends on what you weight. Memphis costs less month to month, but cost is one of six factors — jobs, safety, climate, housing and amenities all differ too. Compare them against your own income and priorities rather than a single ranking.

Metric	Colorado Springs59	Memphis57
Est. monthly cost (single)	$3,954	$3,530
Est. monthly cost (household of 4)	$7,542	$6,533
Salary for comfort	$72,500/yr	$60,500/yr
Typical rent	$1,735	$1,274
Median home value	$420,700	$157,100
Median household income	$83,198	$51,211
Unemployment	3.7%	4.7%
Housing score	55	68
Jobs score	45	31
Safety score	32	4
Climate score	85	100
Amenities score	45	47
Population	483.1K	629.1K
Summer high / winter low	85° / 18°	90° / 30°

Colorado Springs, CO vs Memphis, TN