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Colorado Springs BAH Rates 2024, Housing, Education, & Cost of Living

2024 BAH Rates for Colorado Springs, CO

Find housing, employment, cost-of-living, education, and BAH rates for Colorado Springs, CO.  Listed below are BAH Rates, college and universities, cost-of-living information, school resources for children of military families, and things to see and do in the Colorado Springs area.

Colorado Springs, Colorado, is home to multiple military installations. The military contributes to a substantial portion of the area’s population and is one of the major industries in Colorado Springs.

Some of the military installations in Colorado include:

RELATED: Colorado BAH Rates

Colorado Springs, CO BAH Rates

RankWithWithout
E1 $2,079 $1,638
E2 $2,079 $1,638
E3 $2,079 $1,638
E4 $2,079 $1,638
E5 $2,274 $1,788
E6 $2,292 $1,896
E7 $2,367 $2,085
E8 $2,457 $2,286
E9 $2,556 $2,292
W1 $2,304 $2,019
W2 $2,406 $2,283
W3 $2,514 $2,295
W4 $2,571 $2,304
W5 $2,646 $2,385
O1e $2,379 $2,271
O2e $2,496 $2,289
O3e $2,580 $2,301
O1 $2,286 $1,878
O2 $2,289 $2,211
O3 $2,511 $2,298
O4 $2,667 $2,364
O5 $2,775 $2,415
O6 $2,796 $2,493
O7 $2,814 $2,535

 

2024 BAH Rate Calculator

Includes 2024 BAH Rates.


 

 

Local Colleges and Universities

The city is home to several colleges and universities. This is a partial list.

To find more Colorado Springs schools, use the free CollegeRecon School Finder tool.

Using Your GI Bill

Anyone considering using the Post 9/11 GI Bill in Colorado Springs should know the following:

    • You may be eligible for Monthly Housing Allowance (MHA) if you are a full-time student.
    • MHA is comparable to the Basic Allowance for Housing (BAH) for an E-5 with dependents.
    • MHA is calculated based on the zip code of where you physically attend most of your classes.
    • Those attending only online classes receive a set MHA of approximately $1,054 (in 2023)
    • Up to $1,000 is available each year for books and supplies.
    • The Post 9/11 GI Bill can be transferred to a spouse or dependents but you must still be on active duty to transfer.
    • The Yellow Ribbon Program offers financial support in specific situations where the GI Bill does not fully cover the cost of tuition at participating colleges.

Cost of Living in Colorado Springs

According to Bestplaces, the cost of living in Colorado Springs has an index of 110.3, which means it is slightly higher than other areas of the country.  However, compared to Colorado, it is lightly less expensive than the rest of the state on average.

The housing is the main driver that pushes the cost of living higher with an index of 141, well above the national average.  Other areas such as groceries, transportation, and utilities are slightly lower than the rest of the country.

Category / Index

  • Overall – 110.3
  • Housing – 141
  • Groceries – 98
  • Transportation – 95
  • Utilities – 92

Other categories to consider

  • Healthcare
  • Childcare
  • Taxes

Colorado Springs Housing

Understanding the Colorado Springs housing area is important when deciding where to live. As of October 2023, the average rent in Colorado Springs is $1,576 according to Rentcafe.

The most affordable neighborhoods according to Rentcafe include:

  • Knob Hill – $1,233
  • Old North End – $1,254
  • Pikes Peak Park – $1,264

According to Realtor.com, the average sale price of a home as of October 2023 is approximately $474,000, and Colorado Springs is currently rated a buyers-market – the supply of homes is greater than the demand.

To learn more about VA Loan Program benefits, you can get a free eligibility assessment from our VA loan partner.

Primary Education

For families with school-age children, where you live often influences where your children attend school. For families with or without children, the quality of area schools can influence housing costs and the resale value of a home.

There are no DoDEA schools in Colorado Springs. Colorado is an open-enrollment state – families can enroll in schools that are outside the district where they reside. According to Greatschools.com, some of the highest-ranking schools in the area are located in these districts:

  • Widefield 3 School District
  • Cheyenne Mountain 12 School District
  • Colorado Springs 11 School District
  • Academy 20 School District

For more information on charter or private schools and home school resources, refer to the Fort Carson School Support Services.

Employment Opportunities

According the Colorado Springs Chamber & EDC, 5 industries dominate the Colorado Springs employment landscape. These include:

  • Aerospace & Defense
  • Information Technology & Cybersecurity
  • Healthcare & Medical Technologies
  • Sports
  • Manufacturing

As of September 2023, Colorado Springs had a 3.4% unemployment rate, below the national unemployment rate, according to the Bureau of Labor Statistics.

>> To find organizations seeking to recruit and place military, veterans, and spouses, please visit CareerRecon.

Things to See and Do

Colorado Springs is surrounded by glorious mountains and peppered with quirky corners like Manitou Springs and Old Colorado City. Enjoy all the area has to offer while you are there!

(Photo courtesy of Beverly, Flickr, license)

 

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About the author

Sarah Tucci

Sarah is a Philadelphia-based writer. She comes to CollegeRecon with an interdisciplinary background in international relations and cultural heritage with an interest in understanding the intersection of armed conflict and cultural heritage, particularly in Eastern and Southeastern Europe. When not writing for CollegeRecon, Sarah enjoys traveling, watching documentaries, and hanging out with her beloved Pitbull, Brutus.