Living in Colorado Springs on a $123,920 Salary

Living in Colorado Springs, Colorado with an annual salary of $123,920 can offer a comfortable quality of life. This guide assesses various aspects such as cost of living, housing, quality of life, healthcare, and education compared to the broader United States.

Cost of Living

• General Comparison:

  • The cost of living in Colorado Springs is generally lower than the national average, but higher than some smaller cities.
  • Major expenses such as groceries, utilities, and transportation are relatively moderate.

• Expenditure Breakdown:

  • Groceries: Slightly higher than the national average.
  • Transportation: Comparable to national standards with accessible public transport.
  • Utilities: Varies, slightly above average in colder months due to heating needs.

Housing Market

• Home Prices:

  • The median home price in Colorado Springs is slightly above the national average, reflecting the desirable living conditions and steady influx of new residents.
  • Home prices have been steadily increasing, partially due to demand and attractive local amenities.

• Rental Market:

  • Rent for apartments and houses is slightly higher compared to smaller towns but offers great value relative to salaries.

Quality of Life

• Lifestyle and Amenities:

  • Offers a blend of urban and outdoor activities, with access to hiking, skiing, and outdoor sports.
  • A strong sense of community with numerous parks, cultural events, and recreational facilities.

• Work-Life Balance:

  • The employment market in Colorado Springs is robust, with opportunities in various sectors such as defense, technology, and healthcare.

Access to Healthcare

• Healthcare Facilities:

  • High-quality healthcare services are available, with several reputable hospitals and medical centers in the region.
  • Access to specialty doctors and clinics is generally good, although wait times can vary.

• Health Insurance:

  • Costs for health insurance can be substantial but are generally manageable on this salary.

Quality of K-12 Schools

• Educational Institutions:

  • Colorado Springs offers strong K-12 education with a mix of public and private schools.
  • Several schools are highly rated, providing various extracurricular activities and advanced placement programs.

• Educational Resources:

  • Access to quality educational materials and opportunities for student enrichment is widespread.

Summary

Living on a $123,920 salary in Colorado Springs