Colorado Springs, Colorado Income Statistics
Colorado Springs Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Colorado Springs Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Colorado Springs | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,007 | $95,803 | $80,455 |
| Median Personal Income | $59,920 | $68,113 | $60,758 |
| Average Yearly Income Growth | 5.2% | 5.4% | 4.8% |
| Six-Figure Earners | 14.7% | 18.1% | 13.9% |
| $200k+ Households | 11.6% | 17.0% | 13.2% |
The median household income in Colorado Springs is about 12% lower than in Colorado. Income has been growing slower in Colorado Springs (5.2%/yr) than in Colorado (5.4%/yr).
About 15% of adults in Colorado Springs earn six figures ($100,000 or more) a year, lower than the Colorado average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Colorado Springs, Colorado grew by 59.9% from 2009 to 2024, reaching $84,007 in 2024. That's an average of about 5.2% per year.
Colorado Springs has stayed just above the U.S. median household income in every year from 2009 to 2024, never more than 4.5% apart, and has never dipped below it. It came closest in 2017, at 1.0% higher. The gap has held fairly steady over the period.
Income Distribution in Colorado Springs
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 79,995 households (41.1% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 17.0% of households in Colorado Springs had an income under $35,000 and 21.6% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Colorado Springs has a larger share of households earning $50,000 to $74,999 (18.0% vs 15.5%) and a smaller share earning $200,000 or more (11.6% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 7,296 | 3.8% | 5.1% |
| $10,000 to $14,999 | 4,445 | 2.3% | 3.5% |
| $15,000 to $24,999 | 9,317 | 4.8% | 6.4% |
| $25,000 to $34,999 | 12,040 | 6.2% | 6.7% |
| $35,000 to $49,999 | 19,454 | 10.0% | 10.1% |
| $50,000 to $74,999 | 34,974 | 18.0% | 15.5% |
| $75,000 to $99,999 | 26,953 | 13.9% | 12.6% |
| $100,000 to $149,999 | 38,057 | 19.6% | 17.4% |
| $150,000 to $199,999 | 19,334 | 9.9% | 9.5% |
| $200,000 or more | 22,605 | 11.6% | 13.2% |
Shares are of all 194,474 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 56,324 residents (14.7% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 16.4% of residents who have any income.
In 2024, 10.1% of Colorado Springs residents aged 15 and over reported no personal income, 25.6% had some income but less than $25,000, and 23.8% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Colorado Springs has a larger share of residents earning $50,000 to $74,999 (16.5% vs 14.3%) and a smaller share with no personal income (10.1% vs 12.8%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 38,573 | 10.1% | 12.8% |
| $1 to $9,999 | 38,657 | 10.1% | 11.2% |
| $10,000 to $14,999 | 23,437 | 6.1% | 7.0% |
| $15,000 to $24,999 | 35,903 | 9.4% | 10.5% |
| $25,000 to $34,999 | 36,595 | 9.6% | 9.5% |
| $35,000 to $49,999 | 55,406 | 14.5% | 12.6% |
| $50,000 to $74,999 | 62,937 | 16.5% | 14.3% |
| $75,000 to $99,999 | 34,688 | 9.1% | 8.2% |
| $100,000 or more | 56,324 | 14.7% | 13.9% |
Shares are of the 382,520 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 10.1% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Colorado Springs
| Metric | Colorado Springs | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.524 | 0.552 |
| Male Median Income | $69,396 | $78,863 | $69,667 |
| Female Median Income | $56,345 | $64,818 | $56,850 |
| Gender Pay Gap | 18.8% | 17.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Colorado Springs, it is 0.519, about the same as Colorado's 0.524, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 23% more than women's income in Colorado Springs, Colorado. Over a 35-year career, a 23% wage gap accumulates to roughly $456,785 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Colorado Springs, Colorado has narrowed from about 26% to 19% in 2024. Over that period the gap was widest at 26% in 2010, and was narrowest at 17% in 2020. In dollar terms, the gap has widened by $723 since 2009.
Employment
| Metric | Colorado Springs | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.6% | 5.2% |
| Working from Home | 17.2% | 21.0% | 15.0% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 13,813 people are unemployed in Colorado Springs, Colorado.
The average commute time in Colorado Springs is 20 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Colorado Springs, Colorado has fallen from 8.5% to 5.4% in 2024. Over that period the rate peaked at 9.4% in 2013 and fell as low as 5.4% in 2022.
Colorado Springs has tracked the U.S. unemployment rate closely since 2011, never more than 0.3 points apart, and has crossed it 3 times, most recently moving above it by 2017. In 2024 its rate was 0.1 points higher.
Colorado Springs, CO Wealth Compared With Nearby Cities
How Colorado Springs, CO compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Colorado Springs, CO | 466,797 | $84,007 #3/3 | 5.2%/yr #2/3 | 5.4% #2/3 | 0.519 #1/3 |
| Cimarron Hills, CO | 22,094 | $90,408 | 5.1%/yr | 5.5% | 0.546 |
| Security-Widefield, CO | 32,834 | $89,826 | 5.6%/yr | 5.0% | 0.537 |
Conclusion
Considering all these factors, Colorado Springs, Colorado has an overall wealth index grade of B, making it about on par with Colorado, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Colorado Springs, Colorado.
How Rich Is Colorado Springs, Colorado?
Colorado Springs has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $84,007, about 12% lower than the Colorado average of $95,803.
How fast is household income rising in Colorado Springs, Colorado?
Between 2009 and 2024, the median household income in Colorado Springs, Colorado rose 60%, from $52,551 to $84,007. Over the same years, income here lagged behind Colorado as a whole: +60% against +70%.
What was the median household income in Colorado Springs in 2023?
In 2023, the median household income in Colorado Springs, Colorado was $81,627, up 5% from $77,387 in 2022. The Colorado median that year was $93,071.
What was the median household income in Colorado Springs in 2020?
In 2020, the median household income in Colorado Springs, Colorado was $66,396. By 2024 it had risen 27% to $84,007.
What is the Gini coefficient in Colorado Springs, Colorado?
The Gini coefficient in Colorado Springs is 0.519. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Colorado Springs, Colorado?
Since 2009, the income gap between men and women in Colorado Springs, Colorado has narrowed from about 26% to 19% in 2024. Over that period the gap was widest at 26% in 2010, and was narrowest at 17% in 2020. In dollar terms, the gap has widened by $723 since 2009.
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