Quality of Life in Colorado Springs for an Income of $129,520

Individuals earning $129,520 in Colorado Springs enjoy a comfortable quality of life, taking into account various aspects such as the cost of living, housing market, healthcare, and education. Here's an overview of what this income level means in comparison to the broader United States.

Cost of Living

• Overall Cost of Living:

  • Colorado Springs has a slightly higher cost of living compared to the national average.
  • Groceries, utilities, and transportation costs are roughly on par or slightly above the U.S. average.

• Disposable Income:

  • With an income of $129,520, individuals can afford a comfortable lifestyle, including discretionary spending on dining and entertainment.

Housing Market

• Home Prices:

  • The median home price in Colorado Springs is higher than the national median, impacted by a growing demand and limited inventory.
  • Homebuyers earning $129,520 annually can manage mortgage payments comfortably, though they may need to consider properties slightly below the median price for optimal budget management.

• Rent vs. Own:

  • Renting can be an affordable option, but owning can also be feasible for long-term financial planning with this income level.

Quality of Life

• Natural Scenery and Outdoor Activities:

  • Residents have access to beautiful natural landscapes, outdoor recreational activities, and a moderate climate that enhances lifestyle enjoyment.

• Community and Urban Amenities:

  • Colorado Springs offers a blend of small-town charm and urban conveniences, including dining, arts, and culture.

Access to Healthcare

• Healthcare Facilities:

  • The city is home to reputable hospitals and medical centers, providing a range of healthcare services.
  • Access to specialized care is generally good, but some residents may travel to nearby cities for advanced medical services.

• Healthcare Costs:

  • Healthcare expenses are comparable to the national average, with insurance typically absorbing a significant portion of costs.

Quality of K-12 Schools

• Education System:

  • Colorado Springs is known for several highly-rated public and private schools.
  • The city invests in educational resources, with a focus on technology and innovative learning approaches.

• Extracurricular Opportunities:

  • Schools offer a variety of sports, arts, and extracurricular activities that contribute to a well-rounded education.

Summary

An income of $129,520 in Colorado Springs equ