Factors influencing moving costs from Memphis to Colorado Springs
What to know before moving from Memphis to Colorado Springs
Moving from Memphis to Colorado Springs comes with exciting new opportunities โ but also higher living costs. Since Colorado Springs is generally more expensive than Memphis, itโs important to plan ahead and budget carefully for the change.
Check out how the two cities compare so you know what to expect before you relocate:
Memphis | Colorado Springs | |
---|---|---|
Average rent cost | $1,299 | $1,799 |
Average home value | $143,715 | $450,033 |
Average income (per capita) | $48,090 | $79,026 |
Cost of living (single person) | $1,842 | $3,078 |
Cost of living (family of 4) | $4,402 | $7,074 |
Unemployment rate | 8.0% | 6.8% |
Sales tax | 9.75% | 8.2% |
State income tax | 0.0% | 5.49% |
- Rent prices in Colorado Springs are 39% higher than in Memphis, which means youโll have less money in your pocket each month.
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In terms of homeownership, youโll be able to get more for your money in Memphis.
Home prices in Colorado Springs are 213.1% higher than in Memphis. - Income in Colorado Springs is 64.3% higher than in Memphis, so you could earn more for doing the same job. The top employers in Colorado Springs include XAware, Vectrus, and Young Life.
- Be sure to budget for higher bills in Colorado Springs, since the cost of living for a single person in Colorado Springs is 67.1% higher than in Memphis. This includes routine expenses like utilities, groceries, clothing, and transportation.
- If youโre moving your family to Colorado Springs, keep in mind that your living expenses could increase. The cost of living for a family in Colorado Springs is 60.7% higher than in Memphis.
- The unemployment rate in Colorado Springs is 15.00% lower than in Memphis.
- Youโll spend less on retail and restaurants in Colorado Springs, since the cityโs sales taxes in Colorado Springs are 15.90% lower than in Memphis.
- State income taxes in Colorado Springs are 5.49% higher than in Memphis.
To put this in perspective, you would need around $5,013.03 in Colorado Springs to maintain the same standard of life that you can have with $3,000.00 in Memphis.
How life is different in Memphis vs. Colorado Springs
Colorado Springs | Memphis | |
---|---|---|
Population | 478,961 | 633,104 |
AllTransit Transportation Performance Score | 3 | 4 |
Walkability score | 36 | 35 |
Bike friendliness score | 45 | 41 |
Crime Index | 41.94 | 77.49 |
Safety Index | 58.06 | 22.51 |
Air Quality | Moderate | Good |
- Colorado Springs's population is about 24% less than Memphis.
- Colorado Springs's public transportation has a score of 3 out of 10 versus Memphis's higher score of 4.
- Colorado Springs and Memphis are similarily walkable.
- With a score of 45 out of 100, Colorado Springs is more bike-friendly than Memphis, which has a score of 41 out of 100. The higher a city's score, the more suited they are to safely accommodating cyclists.
- Colorado Springs's crime rate is lower than Memphis with a score of 41.94 compared to Memphis's 77.49. This means that Colorado Springs neighborhoods are safer than 41.94% of all U.S. neighborhoods, and Memphis neighborhoods are safer than 77.49%.
- Colorado Springs is considered to be safer than Memphis with a safety index of 58.06 vs Memphis's 22.51.
- Air quality in Colorado Springs is moderate, and in Memphis it's good.
Other things to consider for your Memphis vs. Colorado Springs move
- Weather: Colorado Springs has a cooler, dry-winter and its location just east of the Rocky Mountains affords it the rapid warming influence from chinook winds during winter but also subjects it to drastic day-to-day variability in weather conditions. Winters range from mild to moderately cold. Dry weather generally prevails, but brief afternoon thunderstorms are common, especially in July and August when the city receives the majority of its annual rainfall.
- HOA rules: Itโs a good idea to look into your HOA or community regulations before moving day arrives.
- Elevator reservation: If your building has an elevator, itโs a good idea to secure a reservation before your moving day.
- Truck parking permits: To avoid fines or delays, check whether a parking permit is needed for your moving truck.
- State licensing: The Colorado Public Utilities Commission (COPUC) regulates local and intrastate moving service providers in Colorado. Before booking, ensure the moving company is officially licensed to handle your move.
- State regulator: To confirm a moving companyโs license in Colorado, visit the state's public utilities commission
- Moving permits: While Colorado doesnโt mandate moving permits, checking local parking guidelines before your move-in day is still a good idea.
- Change of address: We recommend submitting your USPS change of address form at least one week before your move to ensure your mail gets forwarded to Colorado Springs without delay. You can select your official move date when completing the form. Start the process here.
- Moving company insurance: Every state sets its own rules for what insurance moving companies need to maintain. Choose Released Value Protection for its cost-free advantage, provided by movers with minimal coverage. Under this option, the mover's responsibility is capped at 60 cents per pound per article. For instance, if your mover lost or damaged a valuable item, you would only receive compensation based on this limited valuation. If you seek comprehensive coverage for your items' full value, discuss alternative options with the moving company you're hiring or explore third-party insurance providers.
- Moving checklist: Our moving checklist gives you the peace of mind that comes with being fully prepared.
Where to live in Colorado Springs
With your sights set on "Little London", these are some of the most popular neighborhoods to consider in Colorado Springs.
Best neighborhoods for singles
- Briargate
- East Colorado Springs
- Northeast Colorado Springs
- Powers
- Southeast Colorado Springs
Best neighborhoods for families
- Briargate
- Northgate
- Old North End
- Powers
- Rockrimmon
Things to do in Colorado Springs
Once youโre settled into your new home in Colorado, itโs time to get out and discover what Colorado Springs has to offer. No matter your interests, thereโs something for everyone here:
- Arts and culture: Colorado Springs features a variety of museums and cultural arts centers, including the National Museum of World War II Aviation, Colorado Springs Pioneers Museum, Penrose Heritage Museum, Peterson Air & Space Museum, and Western Museum of Mining and Industry.
- Outdoor recreation: The cityโs Garden of the Gods, Red Rock Canyon, North Cheyenne Caรฑon Park and Starsmore Discovery Center, and Fox Run Regional Park โ among other spots โ perfect for hiking, biking, or simply soaking up the outdoors.
- Sports: Grab a seat and root for the home team during an Colorado Springs Switchbacks FC (USL Championship) and Rocky Mountain Vibes (Pioneer League) game.
FAQ
When is the best time to move from Memphis to Colorado Springs?
The best time to move from Memphis to Colorado Springs is during the spring or fall. These seasons offer milder weather and avoid higher moving costs during the peak moving season in Memphis.
When is the cheapest time to move from Memphis to Colorado Springs?
Because most people are moving from Memphis to Colorado Springs in the spring or fall, you can often catch discounts by moving in the winter. Read our guide on moving discounts to learn more.
How long does a move from Memphis to Colorado Springs take?
The 1,064-mile move from Memphis, TN, to Colorado Springs, CO, takes two to eight days. Some Memphis movers may offer expedited moving if you need it faster. If you need more time, ask your mover about storage options in Colorado Springs.