Quality of Life in Colorado Springs on a $144,400 Salary

Overview

• Annual Salary: $144,400
• Location: Colorado Springs, Colorado
• Comparative Standard: Broader United States

Cost of Living

• Overall Cost: Slightly above the national average.
• Major Expenses:
  • Groceries: Comparable to national averages.
  • Utilities: Generally lower than other mountainous or rural areas.
  • Transportation: Similar to national averages but higher than some less mountainous regions due to terrain.

Housing Market

• Average Home Price: Approximately $450,000, higher than the national average.
• Renting vs. Buying:
  • Homeownership might be challenging despite the income due to high property prices.
  • Renting can be a more affordable short-term option, though rent prices have been increasing.

Quality of Life

• Natural Environment:
  • Close proximity to national parks and outdoor activities.
  • High desirability for those who enjoy outdoor lifestyles.
• Crime Rate: Moderate, with some areas experiencing higher crime which could affect neighborhood desirability.
• Community: Strong sense of community with many local events and activities.

Access to Healthcare

• Healthcare Facilities: High-quality hospitals and medical centers available.
• Insurance and Costs: While healthcare is accessible, costs can be higher without comprehensive health insurance.

Quality of K-12 Schools

• Public Education: Varies by district; generally, above-average performance.
• Private and Charter Schools: Multiple options with noteworthy educational programs.
• Extracurricular Activities: Strong emphasis on sports and arts, largely supported by community interest.

Summary

A salary of $144,400 in Colorado Springs provides a comfortable lifestyle but requires careful budgeting, particularly with regards to housing costs. The region boasts excellent outdoor living opportunities and a strong community network, enhancing the quality of life. However, the rising costs in the housing market might pose challenges for potential homeowners, making strategic financial planning essential. Families will find high-quality educational opportunities and comprehensive healthcare services, contributing positively to the overall living experience in the region.