Quality of Life in Colorado Springs, CO on a $77,120 Salary

Overview

Colorado Springs is a vibrant city known for its outdoor attractions and growing economy. Earning $77,120 per year offers a varying quality of life depending on individual circumstances and preferences. Below is an analysis of how this salary meets the cost of living, housing market, healthcare options, and education quality.

Cost of Living

• Comparison to National Average: Colorado Springs' cost of living is slightly above the national average but generally more affordable than other major Colorado cities like Denver.
• Expenses Breakdown:
  • Groceries and Transportation: Costs are close to the national average.
  • Utilities: Typically slightly below the national average, providing some relief for residents.
  • Miscellaneous Costs: Dining, entertainment, and other personal expenses are moderate and comparable to many U.S. urban areas.

Housing Market

• Home Prices:
  • The median home price in Colorado Springs is higher than the national average, potentially posing challenges for buyers on a $77,120 salary.
  • Renting might be more viable, with rental prices also being slightly less than Denver but above the national norm.
• Affordability:
  • Home ownership may require careful budgeting and long-term planning, while renting is more accessible.

Quality of Life

• Recreation:
  • Extensive outdoor activities due to proximity to the Rocky Mountains, with plentiful parks and hiking trails.
  • Strong sense of community with regular local events and a robust cultural scene.

Healthcare Access

• Facilities: Numerous hospitals and clinics provide comprehensive care.
• Quality: Healthcare quality is generally high, with several top-ranking hospitals and specialized care centers.
• Affordability: Healthcare costs are slightly above the national average, which could be a consideration when budgeting.

Quality of K-12 Schools

• Public Schools:
  • A mix of high-performing and average schools, depending on the district.
  • Larger school districts offering diverse programs and extracurricular activities.
• Private and Charter Schools: Available alternatives that tend to have strong academic reputations, although they might incur additional costs.

Summary

A $77,120 salary in Colorado Springs can support a comfortable quality of life, especially for singles and small families. While the housing market and healthcare costs are above the national average, Colorado Springs offers a vibrant community