Quality of Life in Colorado Springs on a $46,800 Annual Salary

Overview

Living in Colorado Springs on an annual income of $46,800 presents unique challenges and benefits. Understanding the city’s cost of living, housing market, and access to amenities is crucial for assessing the overall quality of life for residents at this income level.

Cost of Living

• Competitive Living Costs: Colorado Springs offers a cost of living that is slightly below the national average, which is beneficial for residents earning a median income.
• Expense Considerations: Key expenses such as groceries, transportation, and utilities are moderately priced compared to major urban areas.
• Discretionary Spending: Residents may need to budget carefully for dining out and entertainment to maintain financial stability.

Housing Market

• Housing Costs: The median home price in Colorado Springs is above the national average, but still more affordable than Denver and other large metropolitan areas in Colorado.
• Rental Market: Rent prices are on the rise, matching trends observed across many U.S. cities, but they remain manageable with strategic budgeting.
• Home Affordability: Home ownership may be challenging on a $46,800 annual salary without significant savings or dual-income household, given the higher than average property prices.

Quality of Life

• Outdoor Recreation: The city is renowned for its proximity to natural attractions like Pikes Peak and Garden of the Gods, offering abundant recreational activities.
• Cultural Offerings: Residents have access to a variety of cultural events, museums, and local art, enhancing community life.
• Safety and Community: Colorado Springs is generally considered a safe place to live, with strong community ties and neighborhood involvement opportunities.

Access to Healthcare

• Healthcare Facilities: The city is equipped with several reputable hospitals and clinics, providing excellent medical care options.
• Affordability: While healthcare quality is good, costs may be burdensome on this salary without employer-supported health benefits.
• Preventive Services: Access to preventive and specialized medical services is robust, but potentially limited by insurance coverage types.

Quality of K-12 Schools

• Public School System: Colorado Springs features a variety of public schools with varying performance ratings, often influenced by specific neighborhoods.
• Charter and Private Schools: There are numerous charter and private schooling options, though these may require additional financial resources.
• Extracurricular Activities: