Quality of Life in Colorado Springs, CO: An Assessment

Income Overview

• Annual Income: $160,880
• Comparison: Significantly above the median household income in both Colorado Springs and the broader United States.

Cost of Living

• Cost Rating: Slightly above the national average.
• Major Expenses:
  • Housing: Higher cost relative to other expenses; however, remains more affordable than larger cities like Denver.
  • Utilities: Generally in line with national averages.
  • Groceries and Transportation: Moderately priced.

Housing Market

• Median Home Price (2023): Approximately $450,000.
• Trends: Steady increase in home prices, consistent with national housing market trends.
• Renting vs. Buying: Buying is more cost-effective in the long term given the appreciating property values.

Quality of Life

• Outdoor Lifestyle: Strong emphasis on recreational opportunities, with access to natural landmarks such as Garden of the Gods and Pikes Peak.
• Community and Culture: Vibrant local arts scene and community events contribute to a rich cultural environment.
• Safety: Crime rates slightly higher than the national average but concentrated in specific areas.

Access to Healthcare

• Healthcare Facilities: Comprehensive and accessible, with numerous hospitals and specialized clinics.
• Insurance and Costs: Healthcare expenses aligned with the national average, with many residents benefiting from employer-provided health plans.

Quality of K-12 Schools

• Public Schools: Varied quality; some districts rank highly in the state.
• Private and Charter Schools: Diverse options for alternative education, appealing to families seeking specialized instruction.
• College Readiness: Emphasis on STEM education in schools due to proximity to tech industries.

Overall Assessment

Making $160,880 per year in Colorado Springs allows for a comfortable lifestyle with the ability to invest in real estate, enjoy a rich array of outdoor and cultural activities, and access quality education and healthcare services. This income level provides a significant buffer above the average cost of living, translating into discretionary income and potential savings, thereby enhancing overall life satisfaction.