Quality of Life in Colorado Springs, CO on a $122,880 Annual Salary

Cost of Living Overview

• Cost of Living Index: Colorado Springs has a cost of living index slightly above the national average. As of the latest data, the index stands at approximately 108.0, compared to the U.S. national average of 100.
• Comparative Affordability: With a salary of $122,880, which is higher than the median household income in the area, residents can comfortably cover living expenses, enjoy recreational activities, and save for future needs.

Housing Market Analysis

• Median Home Price: The median home price in Colorado Springs hovers around $450,000, higher than the national median but more affordable compared to metro areas like Denver.
• Affordability with Salary: A salary of $122,880 allows for potential home-buyers to manage mortgage payments comfortably, assuming reasonable budgeting for housing costs typically recommended to be 30% of annual income.
• Rental Market: The rental market is competitive but offers a range of affordable options. Average rental prices for a two-bedroom apartment are around $1,500 per month.

Quality of Life

• Recreational Opportunities: Colorado Springs offers abundant outdoor activities, with access to hiking trails, national parks, and recreational sports, enhancing overall well-being for residents.
• Community and Amenities: The city boasts a robust community feel with various cultural attractions, dining options, and shopping venues contributing to a vibrant social life.

Access to Healthcare

• Healthcare Facilities: The area provides well-regarded healthcare facilities, including UCHealth Memorial Hospital Central and Penrose Hospital.
• Healthcare Costs: While healthcare costs are slightly above the national average, earning $122,880 means significant capacity to afford quality care.

Quality of K-12 Schools

• School Rankings: The quality of K-12 education in Colorado Springs is generally high, characterized by several top-performing public and private schools.
• School Districts: The city includes notable districts such as District 20 and District 11, offering numerous extracurricular activities and advanced placement programs.

Assessment

Living in Colorado Springs on a $122,880 salary offers a comfortable lifestyle, with the financial flexibility to enjoy local amenities, purchase a home, and invest in education and healthcare. The city's natural beauty, robust community resources, and appealing recreational opportunities round out an attractive proposition for potential residents.