Quality of Life in Colorado Springs, CO on an Annual Salary of $127,040

Living in Colorado Springs with an annual income of $127,040 can afford a comfortable quality of life. This income level is relatively higher than the median household income in the area, providing the opportunity to enjoy various amenities and services. Below is an assessment of key factors that affect the quality of life, including cost of living, housing market, healthcare access, and educational quality.

Cost of Living

• Overall Cost: Colorado Springs is slightly more expensive than the national average. This is due primarily to housing costs, although it remains more affordable than larger Colorado cities like Denver.
• Groceries and Utilities: Costs for groceries and utilities are on par with the national averages, ensuring that day-to-day living expenses remain manageable.
• Transportation: Public transportation options are available, but most residents rely on personal vehicles, which might increase transportation costs slightly due to fuel and maintenance.

Housing Market

• Home Prices: The median home price in Colorado Springs is around $450,000, which is higher than the national median but lower than other major cities in Colorado.
• Market Trends: The housing market has seen steady growth, offering positive investment opportunities for potential homeowners.
• Renting Costs: For those not ready to purchase, rental prices are moderate compared to metropolitan cities nationwide, with a good range of options available.

Quality of Life

• Outdoor Activities: The city offers a wealth of outdoor recreational opportunities due to its proximity to the Rocky Mountains, which is a major benefit for nature lovers and active lifestyle enthusiasts.
• Cultural and Social Scene: There is a vibrant cultural and social scene, with numerous festivals, arts, and community events throughout the year.
• Safety and Community: Colorado Springs is known for its strong community spirit and relatively low crime rates compared to other cities of a similar size.

Access to Healthcare

• Healthcare Facilities: The city is home to several high-quality hospitals and clinics, providing easy access to medical care.
• Cost of Healthcare: While healthcare costs are generally higher than the national average, the quality of care and availability of specialists are notable benefits.
• Health Insurance: A salary of $127,040 makes comprehensive health insurance affordable, minimizing personal health expenses.

Quality of K-12 Schools

• Public Schools: Colorado Springs has a number of highly