Everything You Need to Know About the City of Colorado Springs Colorado
In 2018, Colorado Springs, CO had a population of 473k people with a median age of 34.6 and a median household income of $65,331. Between 2017 and 2018 the population of Colorado Springs, CO grew from 464,470 to 472,666, a 1.76% increase, and its median household income grew from $59,514 to $65,331, a 9.77% increase.
The population of Colorado Springs, CO is 66.7% White Alone, 18.4% Hispanic or Latino, and 6.54% Black or African American Alone. N/A% of the people in Colorado Springs, CO communicate in a non-English language, and 95.8% are U.S. residents.
The largest universities in Colorado Springs, CO are Colorado Technical University-Colorado Springs (5,669 degrees awarded in 2017), University of Colorado Colorado Springs (2,447 degrees), and Colorado College (595 degrees).
The median property value in Colorado Springs, CO is $288,400, and the homeownership rate is 60.6%. Most people in Colorado Springs, CO commute by Drove Alone, and the average commute time is 21.4 minutes. The average car ownership in Colorado Springs, CO is 2 cars per household.
In 2017, universities in Colorado Springs, CO awarded 10,338 degrees. The student population of Colorado Springs, CO is skewed towards women, with 18,270 male students and 25,818 female students.
Most students graduating from Universities in Colorado Springs, CO are White (5,765 and 56.3%), followed by Black or African American (1,962 and 19.2%), Hispanic or Latino (1,050 and 10.3%), and Unknown (535 and 5.23%).
The largest universities in Colorado Springs, CO by the number of degrees awarded are Colorado Technical University-Colorado Springs (5,669 and 54.8%), University of Colorado Colorado Springs (2,447 and 23.7%), and Colorado College (595 and 5.76%).
The most popular majors in Colorado Springs, CO are General Business Administration & Management (3,149 and 30.5%), Criminal Justice – Law Enforcement Administration (694 and 6.71%), and Information Technology (613 and 5.93%).
The median tuition costs in Colorado Springs, CO are $18,021 for private four-year colleges, and $6,888 and $18,072 respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Colorado Springs, CO employs 232k people and Colorado Springs has an unemployment rate of 3.6%. Colorado Springs has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 48.4%, which is higher than the US average of 33.5%. The largest industries in Colorado Springs, CO are Health Care & Social Assistance (32,260 people), Retail Trade (26,177 people), and Educational Services (20,803 people), and the highest paying industries are Utilities ($85,468), Mining, Quarrying, & Oil & Gas Extraction ($61,481), and Public Administration ($61,194).
Households in Colorado Springs, CO have a median annual income of $65,331, which is more than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $59,514 in 2017, which represents a 9.77% annual growth.
Tax Rates for Colorado Springs
– The Sales Tax Rate for Colorado Springs is 8.1%. The US average is 7.3%.
– The Income Tax Rate for Colorado Springs is 4.6%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Colorado Springs
– The average income of a Colorado Springs resident is $29,355 a year.
– The Median household income of a Colorado Springs resident is $54,228 a year.