Quality of Life in Colorado Springs, CO on a $112,320 Salary
With an annual salary of $112,320, an individual living in Colorado Springs, CO enjoys a comfortable life. This income surpasses the median household income in the U.S., providing financial flexibility. Below is a detailed breakdown of the cost of living, housing market, quality of life, access to healthcare, and the quality of K-12 schools in Colorado Springs, compared to the broader United States.
Cost of Living
- Competitive Advantage: The cost of living in Colorado Springs is slightly higher than the national average but remains more affordable than many large metropolitan areas.
- Breakdown:
- Groceries and Utilities: Costs are close to the national average, allowing for manageable monthly expenses.
- Transportation: Public transportation and fuel costs are reasonable, with a well-maintained roadway infrastructure.
- Tax Considerations: State income taxes in Colorado are moderate, and property taxes are below the national average.
Housing Market
- Home Prices: The median home price in Colorado Springs hovers above the national average. However, it offers more affordable options compared to Denver or other major cities.
- Real Estate Trends:
- Variety of Options: A range of housing styles, from modern apartments to family homes, caters to different lifestyles.
- Investment Potential: The flourishing market often results in good return opportunities for property investments.
Quality of Life
- Outdoor Activities: Surrounded by natural beauty, residents have access to numerous parks, hiking trails, and outdoor recreation, contributing to a balanced lifestyle.
- Community and Culture: A vibrant arts scene and various cultural festivals enhance the social fabric of the city.
- Safety and Security: With crime rates below the national average, residents feel secure in their neighborhoods.
Access to Healthcare
- Healthcare Facilities: A robust network of hospitals and clinics ensures residents have access to quality medical services.
- Health Insurance: With employer-provided plans and a competitive insurance market, healthcare affordability aligns closely with national standards.
Quality of K-12 Schools
- Educational Standards: Colorado Springs is home to several high-performing public and private schools, with a strong emphasis on STEM education.
- Extracurricular Activities: Schools offer a wide array of extracurricular programs, enriching students' educational experience.
- **Higher Education Proximity
