Colorado Springs is the eleventh most affordable large city in the US, according to a list compiled by Forbes magazine. The magazine released its 2015 list earlier this week, and Colorado Springs was the only city in the West to be included. The survey was compiled using a variety of different criteria, including a housing affordability index from the National Association of Home Builders in conjunction with Wells Fargo. Other factors included the prices of gasoline and food as well as typical expenses for transportation and healthcare. While inclusion in the Forbes affordable communities list won't necessarily drive companies to the city, officials are excited because it will likely get some companies to look at the city that might otherwise have not.
In compiling the affordability list issued this week, Forbes only considered the nation's 100 largest metro areas, so smaller cities such as Fountain and Pueblo were not considered. After compiling the data for the various cities, Forbes used a methodology similar to that used by the US Bureau of Labor Statistics for its consumer price index. Other than Colorado Springs, the majority of the other cities are either in the South or the Midwest. Topping the list was Birmingham, Alabama, followed by Knoxville, Tennessee. Buffalo, New York, Oklahoma City and Cincinnati, Ohio round out the Top 5.