Quality of Life for a High Earner in Colorado Springs, CO

Making $591,360 per year in Colorado Springs offers a lifestyle that far exceeds the average, given the city's moderate cost of living. Here's an assessment of what one might expect:

Cost of Living

• Below National Average: While not the most economical within the state, Colorado Springs' cost of living is generally around the national average, with essentials such as groceries and transportation being relatively affordable.
• Tax Friendly: Colorado has a flat state income tax rate, which benefits high-income earners. Additionally, property taxes are modest compared to many states.

Housing Market

• Competitive Housing Prices: As of late, the median home price in Colorado Springs is slightly lower than that of Denver but can still be quite high relative to the national median. However, with a substantial income, purchasing a home is very feasible.
• Diverse Housing Options: From modern downtown condos to spacious suburban houses, the city offers a range of housing styles to suit various preferences.

Quality of Life

• Outdoor Recreation: With the Rocky Mountains as a backdrop, residents enjoy unparalleled access to outdoor activities year-round, from hiking and skiing to biking and horseback riding.
• Cultural Amenities: The city boasts a vibrant cultural scene, with museums, galleries, and yearly festivals that cater to diverse interests.

Access to Healthcare

• Highly Rated Facilities: Colorado Springs is home to several highly-rated hospitals and healthcare providers.
• Wide Practitioner Options: With a higher income, accessing top-tier medical services and private care becomes easier, ensuring comprehensive healthcare.

Quality of K-12 Schools

• Strong Educational System: The city hosts numerous high-performing public and private schools, with programs that are frequently recognized for academic achievement and extracurricular excellence.
• Variety of Options: Families have access to charter schools and specialized educational programs that cater to a wide range of needs and interests.

Summary

Living in Colorado Springs on an income of $591,360 annually provides an exceptional quality of life, combining the benefits of a moderate cost of living and competitive housing market with excellent amenities, educational opportunities, and healthcare access. This income level affords opportunities not only to enjoy the comforts and attractions of the city but also to plan extensively for future investments or savings.