Quality of Life in Colorado Springs, CO: A Financial Overview

Colorado Springs has emerged as an appealing location due to its scenic beauty, vibrant economy, and moderate cost of living, especially for those earning an annual salary of $121,440. Below is an overview of how this income supports a good quality of life in comparison to the broader United States.

Cost of Living

• Moderately Above National Average: The cost of living in Colorado Springs is slightly above the national average but remains lower than in Denver and other major urban centers.
• Income Adequacy: A salary of $121,440 comfortably meets the cost of living expectations in Colorado Springs, allowing for a balanced lifestyle with discretionary spending capability.
• Expenses: Major expenses include housing, transportation, and utilities, all of which reflect moderate pricing compared to larger U.S. cities.

Housing Market

• Median Home Price: The median home price in Colorado Springs is competitive, yet higher than the national median, making real estate a significant investment.
• Affordability: At $121,440 per year, individuals can entertain home ownership options, which offer increasing value due to the city’s desirable location and growth.
• Rental Market: Renting remains a viable option, with a variety of housing available from apartments to single-family homes at reasonable rates.

Quality of Life

• Outdoor Recreation: Proximity to the Rocky Mountains provides ample outdoor activities such as hiking, skiing, and biking, enhancing the overall quality of life.
• Cultural and Community Activities: The city offers a plethora of cultural venues, restaurants, and community events, contributing to a vibrant social life.
• Work-Life Balance: Employment opportunities tend to offer good work-life balance, with a focus on lifestyle over the hustle found in larger cities.

Access to Healthcare

• Healthcare Facilities: Colorado Springs boasts several reputable healthcare facilities and hospitals, ensuring residents have access to high-quality medical services.
• Insurance and Costs: Health insurance is typically extensive for individuals with an income of $121,440, potentially through employer benefits.
• Preventive Care: Preventive healthcare practices are well-supported through various clinics and wellness programs.

Quality of K-12 Schools

• Educational Standards: The city offers a range of high-performing public and private schools with strong educational standards.
• Extracurricular Opportunities: Schools provide diverse extracurricular programs that support overall