Quality of Life in Colorado Springs, CO for an Income of $131,200

Overview of Cost of Living

• Income: A salary of $131,200 per year in Colorado Springs is considered above average, both locally and nationally.
• Cost of Living Index: Colorado Springs has a cost of living index that is slightly above the national average, primarily due to housing costs, but remains more affordable than other major Colorado cities like Denver and Boulder.

Housing Market

• Median Home Price: As of the latest data, the median home price in Colorado Springs is roughly $450,000, which is comparable to many other mid-sized U.S. cities but lower than the statewide median in Colorado.
• Affordability: Given the income of $131,200, individuals can comfortably afford a moderately-priced home using the general guideline that suggests spending about 30% of gross income on housing.

Quality of Life

• Lifestyle and Amenities: The city offers a high quality of life with access to natural attractions such as the Garden of the Gods and Pikes Peak, numerous hiking and biking trails, and a vibrant arts scene.
• Community and Living Environment: Colorado Springs provides a welcoming community feel, with a blend of urban and suburban living environments suitable for families and individuals alike.

Access to Healthcare

• Healthcare Facilities: The city is home to several top-rated hospitals and healthcare facilities, ensuring residents have access to quality medical care.
• Insurance and Medical Costs: While healthcare costs are on par with national averages, the availability of specialist services and general healthcare facilities is a strong point for the area.

Quality of K-12 Schools

• Public Schools: The Colorado Springs school district includes several highly rated public schools, with programs that cater to a wide range of academic and extracurricular interests.
• Private and Charter Schools: There are also numerous private and charter schools that provide alternative education options, adding to the overall appeal for families considering relocation.

Assessment

Living in Colorado Springs with an annual salary of $131,200 allows for a comfortable lifestyle, particularly when considering the relatively affordable housing market compared to other parts of the state. The city offers a balance of urban and outdoor living, strong community resources, quality healthcare, and excellent education opportunities, making it an attractive location for individuals and families earning this income level.