Quality of Life in Colorado Springs, CO for an Income of $188,080

Cost of Living

• Overall Cost: The cost of living in Colorado Springs is slightly above the national average. While not as high as major metropolitan areas like San Francisco or New York, Colorado Springs is generally more expensive than many mid-sized cities in the United States.
• Utilities and Groceries: These are moderately priced, although slightly higher than the national average. This includes both utility costs and grocery expenses.

Housing Market

• Home Prices: As of recent reports, the median home price in Colorado Springs is significantly higher than the national average, driven primarily by strong demand against limited inventory.
• Comparison: The real estate market has seen rapid appreciation, reflecting a similar trend experienced across much of Colorado, making it relatively expensive compared to other parts of the country.

Quality of Life

• Outdoor Activities: Colorado Springs offers ample recreational opportunities due to its proximity to the Rocky Mountains. Residents can enjoy hiking, biking, and winter sports.
• Climate: The area experiences all four seasons, with a generally mild climate that provides plenty of sunshine throughout the year.

Healthcare Access

• Healthcare Facilities: Colorado Springs is home to several high-quality hospitals and healthcare facilities. Residents have access to advanced medical care and specialists.
• Insurance Costs: While healthcare quality is high, insurance costs can be substantial, requiring careful financial planning.

Quality of K-12 Schools

• Education System: The city boasts a number of well-regarded public and private schools. Many schools in the district have strong academic programs and extracurricular offerings.
• Performance Metrics: School performance metrics generally exceed national averages, contributing positively to family life.

Summary of Assessment

Living in Colorado Springs with an income of $188,080 per year generally allows for a comfortable lifestyle, albeit with some financial considerations due to housing market pressures. The region’s high quality of life, characterized by ample outdoor activities and strong educational opportunities, makes it a desirable place to live, though relatively higher living expenses and insurance costs must be managed.