Quality of Life in Colorado Springs, CO on a $87,200 Salary
An annual salary of $87,200 places an individual or household in a comfortable position within Colorado Springs, CO. Below is an analysis of how this income stacks up against the cost of living, the housing market, quality of life, access to healthcare, and K-12 education relative to the broader United States.
Cost of Living
- General Expenses: The cost of living in Colorado Springs is slightly above the national average. However, it's more affordable than major urban centers like Denver or Boulder.
- Transportation and Utilities: These costs are generally in line with the national averages, although utilities may vary slightly due to seasonal weather variations.
- Food and Entertainment: Dining out and entertainment options are reasonably priced, offering good value for money across various culinary and cultural scenes.
Housing Market
- Home Prices: The median home price in Colorado Springs is higher than the national average but still competitive compared to other cities in Colorado.
- Renting vs. Buying: Individuals earning $87,200 can afford homeownership, though renting may be more accessible for some, offering flexibility in a competitive market.
Quality of Life
- Outdoor Activities: Colorado Springs boasts a wealth of outdoor activities, with access to parks, hiking trails, and recreational facilities that contribute to a high quality of living.
- Community and Culture: The city offers a tight-knit community with diverse cultural events and attractions, making it an attractive place for families and individuals.
Access to Healthcare
- Healthcare Facilities: The city is equipped with a range of healthcare facilities, including several reputable hospitals and clinics, ensuring good access to medical services.
- Healthcare Costs: Healthcare costs are slightly above average, similar to other urban areas, but competitive within the broader Colorado market.
Quality of K-12 Schools
- Public Schools: Colorado Springs has a strong public school system with several schools rated above average in terms of academic performance and extracurricular activities.
- Private Education: There are multiple private school options available, providing a range of choices to suit different educational preferences and needs.
Assessment Summary
Overall, an individual earning $87,200 in Colorado Springs enjoys a good quality of life, with a satisfactory balance between income and expenses. The city offers a prosperous living environment with adequate access to healthcare, reputable schools, vibrant cultural life, and abundant outdoor activities
