The 10 Cheapest Colorado Springs, CO Neighborhoods To Live In For 2019


We used science and data to determine which neighborhoods in Colorado Springs are the cheapest of the cheap.

Editor’s Note: This is our first time ranking the cheapest neighborhoods to live in Colorado Springs.
Cheapest Neighborhoods In Colorado Springs

Everything else equal, I think we can all agree that living in a cheaper place is better than living in a more expensive place.

I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.

And while every neighbhorhood in Colorado Springs might be more expensive than living in rural Colorado, there are certain neighborhoods that are definitely cheaper.

So what exactly are those Colorado Springs neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and find out which neighborhoods in Colorado Springs are the cheapest.

Here are the cheapest neighborhoods in Colorado Springs for 2019:

  1. Powers (Homes)
  2. Northwest Colorado Springs (Homes)
  3. Briargate (Homes)
  4. Southeast Colorado Springs (Homes)
  5. West Colorado Springs (Homes)

What’s the cheapest neighborhood to live in Colorado Springs for 2019? According to the most recent census data, Powers looks to be the cheaptest Colorado Springs neighborhood to live in.

At this point we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Colorado Springs. You could be sacrificing location or crime rates in return for more space and cheaper groceries.

Read on to see how we determined the places around Colorado Springs that deserve a little bragging rights or maybe you’re interested in the worst neighborhoods in Colorado Springs.

Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from cheapest to most expensive.

For more Colorado reading, check out:

How We Determined The Cheapest Colorado Springs Hoods In 2019

In order to rank the cheapest places to live in Colorado Springs, we had to determine what criteria defines ‘cheap’.

Using census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 11 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index the ‘Cheapest City Neighborhood In Colorado Springs.’ We’re lookin’ at you, Powers.

Read on below to learn more about what it’s like to live in the cheapest places Colorado Springs. Or skip to the end to see the list of all the neighborhoods in the city from cheapest to most expensive.

The 5 Cheapest Neighborhoods To Live In Colorado Springs For 2019

Overall SnackAbility

8
/10

Population: 152,311
Cost Of Living Index: 97 (2nd cheapest)
Home Value To Income Ratio: 3.0 (1st cheapest)
Rent To Income Ratio: 0.018 (10th cheapest)
More on Powers: Homes For Sale | Data

The median income in Powers comes in at $61,137 and the median home value is $184,842 for 2019.

Overall SnackAbility

8.5
/10

Population: 20,735
Cost Of Living Index: 112 (8th cheapest)
Home Value To Income Ratio: 3.6 (4th cheapest)
Rent To Income Ratio: 0.011 (2nd cheapest)
More on Northwest Colorado Springs: Homes For Sale | Data

The median income in Northwest Colorado Springs comes in at $92,272 and the median home value is $327,777 for 2019.

Briargate Colorado Springs, CO

Overall SnackAbility

9
/10

Population: 48,215
Cost Of Living Index: 110 (7th cheapest)
Home Value To Income Ratio: 3.4 (2nd cheapest)
Rent To Income Ratio: 0.016 (6th cheapest)
More on Briargate: Homes For Sale | Data

The median income in Briargate comes in at $84,108 and the median home value is $283,838 for 2019.

Overall SnackAbility

5
/10

Population: 50,481
Cost Of Living Index: 89 (1st cheapest)
Home Value To Income Ratio: 3.5 (3rd cheapest)
Rent To Income Ratio: 0.021 (11th cheapest)
More on Southeast Colorado Springs: Homes For Sale | Data

The median income in Southeast Colorado Springs comes in at $39,845 and the median home value is $138,579 for 2019.

Overall SnackAbility

6
/10

Population: 13,407
Cost Of Living Index: 98 (4th cheapest)
Home Value To Income Ratio: 4.5 (7th cheapest)
Rent To Income Ratio: 0.015 (5th cheapest)
More on West Colorado Springs: Homes For Sale | Data

The median income in West Colorado Springs comes in at $49,735 and the median home value is $225,383 for 2019.

Summing Up The Cheapest Places In Colorado Springs

If you’re measuring the neighborhoods in Colorado Springs where prices are low and it’s cheap to live, this is an accurate list.

As we mentioned earlier, the neighborhoods in Colorado Springs aren’t all cheap. Central Colorado City takes the title of the most expensive neighborhood to live in Colorado Springs.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Colorado reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Colorado Springs For 2019

Rank Neighborhood Cost Of Living Index
1 Powers 97
2 Northwest Colorado Springs 112
3 Briargate 110
4 Southeast Colorado Springs 89
5 West Colorado Springs 98
6 Northeast Colorado Springs 98
7 Old Colorado City 124
8 Northgate 125
9 East Colorado Springs 98
10 Southwest Colorado Springs 135
11 Central Colorado City 105

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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