Quality of Life in Colorado Springs, CO: A Financial Overview

Income Overview

• Annual Salary: $101,920

Cost of Living in Colorado Springs

• Comparison to National Average: Slightly above the national average but lower than many major cities in Colorado, such as Denver.
• Key Expenses:
  • Groceries & Utilities: Slightly higher than the national average; however, energy costs tend to be lower due to milder weather.
  • Transportation: Costs are generally on par with national averages, though public transportation options are somewhat limited compared to larger metropolitan areas.

Housing Market

• Median Home Price: Around $450,000, which is above the national median but offers more affordable options compared to major Colorado cities like Denver and Boulder.
• Rental Market: Average monthly rent is slightly higher than the national average but offers diverse housing options, from urban apartments to suburban homes.

Quality of Life

• Outdoor Recreation: Extensive access to hiking, biking, and outdoor sports due to the proximity to the Rocky Mountains and numerous state parks.
• Climate: Four distinct seasons with more than 300 days of sunshine annually, contributing to a high overall morale and outdoor activity rate.

Access to Healthcare

• Healthcare Facilities: Home to several reputable hospitals and medical centers, including Penrose-St. Francis Health Services and UCHealth Memorial Hospital, ensuring good medical care options.
• Insurance Costs: Health insurance rates are moderate, aligning closely with national averages, ensuring that healthcare remains accessible with adequate coverage.

Quality of K-12 Schools

• Public Education: Generally well-rated public school system with several top-ranking high schools.
• Private & Charter Schools: Numerous private and charter school options offer parents various educational paths and alternative curricula.

Summary of the Financial and Lifestyle Assessment

Living in Colorado Springs, CO, with an annual salary of $101,920 provides a comfortable lifestyle with moderate housing costs relative to the salary. Residents enjoy access to quality healthcare and reputable K-12 educational institutions. While the cost of living is slightly above the national average, the compensation is typically sufficient to maintain a pleasant quality of life, especially for those who value outdoor activities and a mild climate.