Quality of Life in Colorado Springs, CO on an Income of $125,440

Overview of Cost of Living

• Income Analysis: An income of $125,440 is above the median household income in Colorado Springs, offering a comfortable lifestyle.
• Cost of Living Index: Generally speaking, the cost of living in Colorado Springs is slightly above the national average, particularly due to housing costs.
• Expense Breakdown:
  • Utilities: Around average compared to national costs.
  • Groceries and Dining: Slightly more expensive than the U.S. average.
  • Transportation: Costs are manageable with an average infrastructure and public transit system.

Housing Market

• Home Prices: The median home price in Colorado Springs is higher than the national average. The real estate market is competitive due to desirable living conditions.
• Renter’s Market: Renting is a feasible option, though rental costs are also higher than the national average.
• Homeownership: At $125,440/year, purchasing a home is attainable, though property taxes and ongoing maintenance need consideration.

Quality of Life

• Recreational Opportunities: Vast access to outdoor activities including hiking, skiing, and national parks.
• Cultural Scene: A vibrant community with cultural events, museums, and art galleries.
• Safety: Generally considered a safe city with neighborhoods varying in terms of personal safety and amenities.

Healthcare Access

• Healthcare Facilities: Multiple high-quality hospitals and clinics, offering a broad range of services.
• Insurance and Costs: Health insurance costs are comparable to national rates, with numerous providers in the region.

Quality of K-12 Schools

• Education System: A mixture of public and private schools, many of which perform above average on standardized tests.
• Educational Programs: Strong emphasis on STEM and extracurriculars, fostering well-rounded student development.
• Community Involvement: Active participation from local communities enhances educational experiences.

Summary

Living in Colorado Springs on an income of $125,440 provides access to a high quality of life, though living expenses, particularly housing, are notably higher than the national average. The city offers rich recreational and cultural opportunities, reliable healthcare options, and above-average K-12 education facilities. This income allows for a comfortable and fulfilling lifestyle, though financial planning for housing is crucial.