Discretionary Income in Colorado Springs, CO in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Colorado Springs, CO is ranked 193rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Colorado Springs, CO
Gross Salary
$8,333
Taxes
$1,555
Cost of Living
$3,868
Discretionary Income
$2,910
With a gross annual salary of $100,000 in Colorado Springs, CO, you would need to deduct approximately $1,555 per month for taxes. Given that the average cost of living in Colorado Springs is $3,868, you would have around $2,910 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Colorado Springs, CO, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Colorado Springs, CO in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Colorado Springs, CO |
|---|---|
| $30,000 | -$1,621 |
| $40,000 | -$925 |
| $50,000 | -$228 |
| $60,000 | $457 |
| $70,000 | $1,070 |
| $80,000 | $1,683 |
| $90,000 | $2,297 |
| $100,000 | $2,910 |
| $110,000 | $3,522 |
| $120,000 | $4,119 |
| $130,000 | $4,715 |
| $140,000 | $5,312 |
| $150,000 | $5,909 |
| $175,000 | $7,400 |
| $200,000 | $8,865 |
| $250,000 | $11,503 |
| $300,000 | $14,028 |
| $350,000 | $16,553 |
| $400,000 | $19,078 |
| $450,000 | $21,603 |
| $500,000 | $24,128 |
Discretionary Income in Colorado Springs, CO in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Colorado Springs, CO is ranked 200th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Colorado Springs, CO
Gross Salary
$8,333
Taxes
$1,555
Cost of Living
$2,606
Discretionary Income
$4,172
With a gross annual salary of $100,000 in Colorado Springs, CO, a single person would need to deduct approximately $1,555 per month for taxes. Considering the average cost of living in Colorado Springs is $2,606, singles would have around $4,172 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Colorado Springs, CO, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Colorado Springs, CO in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Colorado Springs, CO |
|---|---|
| $30,000 | -$359 |
| $40,000 | $337 |
| $50,000 | $1,034 |
| $60,000 | $1,719 |
| $70,000 | $2,332 |
| $80,000 | $2,945 |
| $90,000 | $3,559 |
| $100,000 | $4,172 |
| $110,000 | $4,784 |
| $120,000 | $5,381 |
| $130,000 | $5,977 |
| $140,000 | $6,574 |
| $150,000 | $7,171 |
| $175,000 | $8,662 |
| $200,000 | $10,127 |
| $250,000 | $12,765 |
| $300,000 | $15,290 |
| $350,000 | $17,815 |
| $400,000 | $20,340 |
| $450,000 | $22,865 |
| $500,000 | $25,390 |
Discretionary Income in Colorado Springs, CO in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Colorado Springs, CO is ranked 200th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Colorado Springs, CO
Gross Salary
$8,333
Taxes
$1,555
Cost of Living
$3,872
Discretionary Income
$2,906
With a gross annual salary of $100,000 in Colorado Springs, CO, a couple would need to deduct approximately $1,555 per month for taxes. Considering the average cost of living in Colorado Springs is $3,872, couples would have around $2,906 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Colorado Springs, CO, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Colorado Springs, CO in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Colorado Springs, CO |
|---|---|
| $30,000 | -$1,625 |
| $40,000 | -$928 |
| $50,000 | -$232 |
| $60,000 | $453 |
| $70,000 | $1,066 |
| $80,000 | $1,680 |
| $90,000 | $2,293 |
| $100,000 | $2,906 |
| $110,000 | $3,518 |
| $120,000 | $4,115 |
| $130,000 | $4,712 |
| $140,000 | $5,308 |
| $150,000 | $5,905 |
| $175,000 | $7,397 |
| $200,000 | $8,861 |
| $250,000 | $11,499 |
| $300,000 | $14,024 |
| $350,000 | $16,549 |
| $400,000 | $19,009 |
| $450,000 | $21,450 |
| $500,000 | $23,892 |
Discretionary Income in Colorado Springs, CO in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Colorado Springs, CO is ranked 185th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Colorado Springs, CO
Gross Salary
$8,333
Taxes
$1,294
Cost of Living
$3,725
Discretionary Income
$3,315
With a gross annual salary of $100,000 in Colorado Springs, CO, a single parent would need to deduct approximately $1,294 per month for taxes. Considering the average cost of living in Colorado Springs is $3,725, single parents would have around $3,315 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Colorado Springs, CO, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Colorado Springs, CO in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Colorado Springs, CO |
|---|---|
| $30,000 | -$1,411 |
| $40,000 | -$704 |
| $50,000 | -$7 |
| $60,000 | $689 |
| $70,000 | $1,386 |
| $80,000 | $2,083 |
| $90,000 | $2,702 |
| $100,000 | $3,315 |
| $110,000 | $3,928 |
| $120,000 | $4,535 |
| $130,000 | $5,132 |
| $140,000 | $5,728 |
| $150,000 | $6,325 |
| $175,000 | $7,817 |
| $200,000 | $9,308 |
| $250,000 | $11,978 |
| $300,000 | $14,508 |
| $350,000 | $17,033 |
| $400,000 | $19,558 |
| $450,000 | $22,083 |
| $500,000 | $24,608 |
Discretionary Income in Colorado Springs, CO in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Colorado Springs, CO is ranked 191st out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Colorado Springs, CO
Gross Salary
$8,333
Taxes
$1,053
Cost of Living
$5,270
Discretionary Income
$2,010
With a gross annual salary of $100,000 in Colorado Springs, CO, a family would need to deduct approximately $1,053 per month for taxes. Considering the average cost of living in Colorado Springs is $5,270, families would have around $2,010 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Colorado Springs, CO, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Colorado Springs, CO in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Colorado Springs, CO |
|---|---|
| $30,000 | -$2,899 |
| $40,000 | -$2,186 |
| $50,000 | -$1,473 |
| $60,000 | -$776 |
| $70,000 | -$80 |
| $80,000 | $617 |
| $90,000 | $1,314 |
| $100,000 | $2,010 |
| $110,000 | $2,707 |
| $120,000 | $3,380 |
| $130,000 | $3,993 |
| $140,000 | $4,607 |
| $150,000 | $5,220 |
| $175,000 | $6,753 |
| $200,000 | $8,287 |
| $250,000 | $11,301 |
| $300,000 | $14,284 |
| $350,000 | $17,267 |
| $400,000 | $20,197 |
| $450,000 | $22,847 |
| $500,000 | $25,472 |
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.