(COLORADO SPRINGS) — The cost of living in Colorado is continuing to increase, with the state recently ranked as the third most expensive place to live in the country, according to the Colorado Chamber of Commerce. This rise is significantly driven by housing, as Colorado also ranks 48th nationally for housing affordability.
The escalating costs are forcing those living in Colorado to make sacrifices in daily spending, impacting everything from groceries to dining out.
The Colorado Chamber of Commerce attributes the climbing costs to rising home prices, higher insurance rates, child care expenses, and inflation. Although the state shows improvements in areas such as business, health, and wellness, it continues to struggle with housing and the overall cost of living…