Colorado Springs vs Franklin
Cost of Living Comparison · 2026
Colorado Springs
Franklin
The Verdict
Colorado Springs is 24.5% less expensive than Franklin overall. A household earning $75,000 in Colorado Springs would need approximately $99,286 in Franklin to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Colorado Springs has the same purchasing power as $99,286 in Franklin.
Conversely, $75,000 in Franklin equals $56,655 in Colorado Springs.
Living in Colorado Springs vs Franklin
Housing Costs
Colorado Springs's housing index of 115 is lower Franklin's 230, translating to median home prices of $380,000 vs $750,000. The $370,000 difference in home prices means roughly $24,048 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,500/mo in Colorado Springs compared to $1,850/mo in Franklin, a monthly difference of $350.
Grocery & Food Costs
Grocery expenses index at 100 in Colorado Springs and 100 in Franklin. A household spending the national average of $475/month on groceries would pay approximately $475/month in Colorado Springs vs $475/month in Franklin. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 93 in Colorado Springs and 97 in Franklin. Monthly utility bills average approximately $372 in Colorado Springs vs $388 in Franklin. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 104 in Colorado Springs and 91 in Franklin. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 13-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $64,712 in Colorado Springs and $118,200 in Franklin. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $61,630 and $85,036 respectively. Franklin residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,510/month to housing in Colorado Springs vs $2,758/month in Franklin. In Colorado Springs, median rent of $1,500/mo fits within this budget. In Franklin, median rent of $1,850/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 115 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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