Quality of Life in Colorado Springs, CO for an Annual Income of $134,560

Summary of Cost of Living

• Cost of Living Index: Colorado Springs has a cost of living index slightly above the national average, making it competitive but not exorbitant.
• Comparison to National Average: The cost of living in Colorado Springs is approximately 10-15% higher than the U.S. national average, primarily driven by housing and transportation.

Housing Market

• Median Home Price: The median home price in Colorado Springs is higher than the national median, influenced by the area's desirability and housing demand.
• Home Affordability: With an annual income of $134,560, a resident can comfortably afford a median-priced home, with mortgage payments manageable within standard financial guidelines.
• Rental Market: Renting is also a viable option, with rents reflecting broader market trends but remaining affordable relative to income.

Quality of Life

• Outdoor Recreation: Colorado Springs offers abundant outdoor activities, with easy access to hiking, skiing, and national parks, contributing significantly to a high quality of life.
• Community and Culture: The city boasts a vibrant cultural scene with numerous community events, museums, and arts facilities.
• Career Opportunities: The region has a robust job market, with opportunities in industries such as defense, technology, and tourism, supporting career growth.

Access to Healthcare

• Healthcare Facilities: Residents have access to well-regarded hospitals and healthcare professionals, ensuring comprehensive medical care.
• Healthcare Costs: While healthcare costs are somewhat higher than the national average, insurance coverage through employers often mitigates this expense.

Quality of K-12 Schools

• Public School System: Colorado Springs offers a range of public school options, with some schools highly rated in terms of academic performance and extra-curricular activities.
• Alternative Education Options: Charter schools and private schooling are available, providing diverse educational opportunities for families.

Assessment

An individual earning $134,560 annually in Colorado Springs can enjoy a comfortable lifestyle, balancing housing costs, quality education, healthcare access, and engaging community activities. The city provides a favorable mix of natural beauty, economic prospects, and cultural experiences.