Quality of Life in Colorado Springs, CO on a $87,440 Annual Income

Cost of Living

• Overall Expenses: Colorado Springs has a cost of living index around 104, slightly above the national average (100). Essential costs such as groceries and healthcare are relatively in line with national figures, while housing is a bit above average.
• Transportation and Utilities: Transportation and utility costs are generally lower in Colorado Springs compared to other US cities, providing some relief in the overall cost of living.

Housing Market

• Home Prices: The median home price in Colorado Springs tends to be higher than the national median. As of the latest data, homes are priced around 10-15% above the US average.
• Affordability: With an income of $87,440, potential homebuyers might find purchasing a home in Colorado Springs somewhat challenging, although still feasible, especially if considering homes in surrounding areas.

Quality of Life

• Natural Environment: Residents enjoy excellent access to outdoor recreational activities, thanks to its location near the Rocky Mountains, providing opportunities for hiking, skiing, and other outdoor pursuits.
• Community and Culture: Colorado Springs offers a mix of urban amenities and small-town charm, with cultural events, dining options, and a strong sense of community.

Access to Healthcare

• Healthcare Facilities: The city features reputable healthcare facilities and is home to several major hospitals and clinics.
• Costs and Accessibility: Healthcare costs are close to the national average, and residents generally report good access to medical services and specialists.

Quality of K-12 Schools

• Educational Institutions: The city boasts a variety of well-rated public and private schools, with several districts recognized for high academic achievement.
• Educational Opportunities: There are ample opportunities for extracurricular activities and advanced placement courses, enhancing the overall educational experience for children.

Summary

Individuals earning $87,440 in Colorado Springs can expect a comfortable quality of life, though navigating the housing market requires careful consideration. The city's slightly elevated cost of living is offset by lower transportation and utility expenses, along with its rich natural, cultural, and educational offerings. Access to healthcare and quality K-12 education further enrich the livelihoods of residents, making Colorado Springs an attractive place to live, albeit with some financial planning required for homeownership.