Quality of Life in Colorado Springs, CO on a $132,000 Salary

Cost of Living

• Overall Cost of Living: Approximately 7% higher than the national average, but generally manageable on a $132,000 salary.
• Utilities: Costs are roughly on par with the national average.
• Transportation: Fuel and public transportation costs are relatively typical compared to other urban areas in the U.S.
• Groceries: Prices are slightly above the national average, but not significantly burdensome.

Housing Market

• Median Home Price: As of the latest data, the median home price in Colorado Springs hovers around $400,000, slightly higher than the national average.
• Affordability: With a $132,000 salary, homeownership is attainable, with the possibility of acquiring a decent property in desirable neighborhoods.
• Renting vs. Buying: The decision is context-dependent, although buying is often recommended due to favorable interest rates when considering long-term investment benefits.

Quality of Life

• Scenic Beauty: Residents enjoy breathtaking natural scenery, including proximity to the Rocky Mountains, which enhances recreational opportunities.
• Climate: Boasts a high number of sunny days per year, conducive to outdoor activities, though winters can be brisk.
• Community and Culture: Offers a vibrant mix of cultural events, local dining, and a welcoming community atmosphere.

Access to Healthcare

• Quality Healthcare Facilities: The presence of top-tier hospitals and clinics ensures excellent healthcare services.
• Health Insurance Costs: Medical expenses align closely with the national average, making healthcare accessible for most residents with employer-based insurance.

Quality of K-12 Schools

• Public School Rankings: Some schools in the Colorado Springs area are rated highly, with numerous options for both public and private education.
• Extracurricular Activities: Rich extracurricular programs enhance student development across academic and non-academic interests.

Summary

Living in Colorado Springs on a $132,000 salary affords a comfortable quality of life. The cost of living, while slightly above the national average, is offset by the high local median income. The housing market offers reasonable prices for potential homeowners or renters. Residents benefit from excellent healthcare services and quality education systems while enjoying a vibrant community enriched by stunning natural surroundings.