Moving from Minneapolis to Colorado Springs?
Here's what you'd need to earn to maintain your lifestyle.
To maintain your Minneapolis lifestyle in Colorado Springs, you'd need to earn:
$69,606/year
▼ $5,394 less than you make now
| Category | Minneapolis | Colorado Springs |
|---|---|---|
| Salary | $75,000 | $69,606 |
| Federal Income Tax | -$8,114 | -$6,927 |
| Social Security | -$4,650 | -$4,316 |
| Medicare | -$1,088 | -$1,009 |
| State Tax | -$4,628 | -$3,063 |
| Take-Home Pay | $56,521 | $54,291 |
Why the difference
- Cost of living is -3.9% in Colorado Springs
- Housing is +3.9% in Colorado Springs
- At the same $75,000 salary, you'd save $1,328/year in taxes in Colorado Springs
Estimated Moving Costs
Distance: ~729 miles
DIY Truck
$3,000
Container
$5,000
Full-Service
$7,000
Salary Equivalents: Minneapolis to Colorado Springs
| Your Minneapolis Salary | Colorado Springs Equivalent | Difference | Colorado Springs Take-Home |
|---|---|---|---|
| $40,000 | $37,725 | -$2,275 | $30,691 |
| $50,000 | $46,997 | -$3,003 | $37,733 |
| $60,000 | $56,328 | -$3,672 | $44,820 |
| $75,000 | $69,606 | -$5,394 | $54,291 |
| $100,000 | $92,755 | -$7,245 | $69,558 |
| $150,000 | $138,094 | -$11,906 | $99,064 |
Single filer, 2025 tax brackets, standard deduction. Equivalents based on BEA Regional Price Parities.
How Minneapolis and Colorado Springs Compare
Housing (4% more expensive in Colorado Springs)
The average 1-bedroom apartment in Colorado Springs rents for $1,320/month compared to $1,330/month in Minneapolis. Median home prices: $475,000 in Colorado Springs vs $327,000 in Minneapolis.
Taxes
Minnesota has a progressive state income tax from 5.3% to 9.8%. Colorado has a flat 4.4% state income tax. On a $75,000 salary, moving to Colorado Springs would save you about $1,328/year in taxes alone.
Overall Cost of Living
Colorado Springs's overall cost of living is 3.9% lower than Minneapolis, based on the BEA Regional Price Parity index (where 100 = national average).Minneapolis: 104.8, Colorado Springs: 100.7.
Plan Your Move
Get Free Moving Quotes
Compare rates from licensed movers for your Minneapolis to Colorado Springs move. Average cost: $3,000–$7,000.
Compare Moving Quotes →Find Apartments in Colorado Springs
Average 1BR rent in Colorado Springs: $1,320/month. Browse available listings.
Search Apartments →High-Yield Savings
Park your moving fund in a 4.5%+ APY savings account while you plan your relocation.
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