Quality of Life in Colorado Springs, CO

Income Overview

• Annual Income: $66,400
• Comparison to Median Household Income: The median household income in Colorado Springs is slightly below the national median, making this income relatively average for the area.

Cost of Living

• General Cost of Living Index: Slightly above the national average
• Groceries and Utilities: Marginally higher than the national average, impacting day-to-day expenses
• Transportation: Comparable to the national average, with accessible public transportation options available

Housing Market

• Median Home Price: Approximately higher than the national average
• Affordability: Housing is one of the most significant expenses; homeownership is challenging on this income without dual income or savings
• Rental Market: Similarly priced to other mid-sized cities; renting might be a more feasible option

Quality of Life

• Outdoor Activities: Abundant access to recreational activities, including hiking, skiing, and nature parks
• Community and Culture: Vibrant arts scene, several local festivals, and a strong sense of community

Access to Healthcare

• Healthcare Facilities: Multiple reputable hospitals and specialized care centers
• Healthcare Cost: Higher than the national average, may require employer-sponsored health insurance to manage costs

Quality of K-12 Schools

• Public Schools: Generally well-regarded with several high-performing districts
• Alternative Education: Charter and private schools available, yet those may require additional financial investment

Assessment Summary

Living in Colorado Springs on an annual income of $66,400 offers a moderate quality of life, with some financial challenges due to the high cost of housing. The trade-off is the excellent access to natural beauty and recreational opportunities, making it an attractive location for outdoor enthusiasts. Although healthcare costs are relatively high, the quality and access to services remain robust. The education system provides solid options, enhancing the quality of life for families with children.