Quality of Life in Colorado Springs, CO on $122,720 Annually
Overview
Living in Colorado Springs, CO, with an annual salary of $122,720 offers a comfortable quality of life, taking into account the moderate cost of living and housing market. When compared to the broader United States, residents enjoy a good balance between income and expenses, access to quality healthcare, and educational opportunities.
Cost of Living
- Overall Cost: The cost of living in Colorado Springs is marginally above the national average. While some expenses are higher, the overall financial burden is manageable with a $122,720 salary.
- Groceries and Utilities: Prices for groceries and utilities are slightly above average, but affordable with the specified income.
- Transportation and Other Expenses: Costs for transportation and miscellaneous expenses align closely with national averages.
Housing Market
- Median Home Price: The median home price in Colorado Springs is higher than the national median, making homeownership more expensive than in many parts of the U.S.
- Renting vs. Buying: Renting provides a feasible alternative, although rental prices are also slightly elevated. The higher income allows for flexibility in housing choices.
- Property Taxes: Colorado Springs benefits from relatively lower property taxes compared to other U.S. regions.
Quality of Life
- Work-Life Balance: Incomes like $122,720 support a lifestyle that includes leisure activities and a comfortable work-life balance.
- Recreational Activities: The area offers abundant outdoor activities, such as hiking and biking, contributing to a high standard of living.
Healthcare Access
- Healthcare Quality: Colorado Springs has reputable hospitals and healthcare facilities, providing easy access to quality medical care.
- Insurance Costs: Health insurance premiums are consistent with the national averages, making healthcare affordable for those with the mentioned income.
Quality of K-12 Schools
- Public Education: The district offers a variety of well-rated public schools, providing strong educational opportunities.
- Private and Charter Schools: For families seeking alternatives, the area also has competitive private and charter schools.
Assessment
Living in Colorado Springs with an annual income of $122,720 offers a financially secure and comfortable environment. Despite the above-average housing costs, residents can enjoy a decent quality of life with access to education, healthcare, and a vibrant recreational scene, which collectively contribute to the high living standard of the region.
