Quality of Life in Colorado Springs, CO on $142,000 Per Year
Overview
Living in Colorado Springs with an income of $142,000 can provide a comfortable lifestyle, given its cost of living and housing market compared to the broader United States. This income level is considered well above the median household income both locally and nationally.
Cost of Living
- General Cost: The cost of living in Colorado Springs is slightly above the national average, primarily due to housing costs.
- Utilities and Essentials: On par with or slightly below the national average, including utilities, groceries, and transportation.
Housing Market
- Median Home Price: As of the latest data, the median home price in Colorado Springs is generally higher than the national median.
- Affordability: With a $142,000 salary, purchasing a home is feasible. Monthly mortgage payments can comfortably fit within typical budgeting recommendations.
- Trends: Housing market trends indicate growth in property values, making real estate a potentially solid investment.
Quality of Life
- Natural Beauty: Nestled next to the Rockies, Colorado Springs offers abundant outdoor recreation opportunities, enhancing the overall quality of life.
- Community & Culture: The city boasts a blend of cultural offerings, vibrant community events, and a welcoming atmosphere.
- Lifestyle: Residents enjoy a balance of urban amenities and small-town charm.
Access to Healthcare
- Healthcare Facilities: Colorado Springs is equipped with modern healthcare facilities and specialized medical services.
- Quality & Accessibility: Access to quality healthcare services is generally rated well, with numerous hospitals and clinics throughout the city.
Quality of K-12 Schools
- School System: The city is home to reputable schools with a range of educational options from public to private institutions.
- Education Quality: Schools in Colorado Springs are often ranked favorably, providing quality education and various extracurricular opportunities.
Summary of Assessment
An income of $142,000 in Colorado Springs supports a high quality of life. The combination of a thriving housing market, cultural and outdoor activities, accessible healthcare, and quality education creates a highly desirable living environment. Despite slightly higher than average housing costs, other living expenses are manageable, allowing for a comfortable lifestyle in this vibrant city.
