Quality of Life in Colorado Springs for an Income of $105,840

Living in Colorado Springs, Colorado, with an income of $105,840 provides a relatively comfortable quality of life, especially when considering the area's cost of living, housing market, access to healthcare, and education quality.

Cost of Living

• General Overview:

  • The cost of living in Colorado Springs is slightly above the national average.
  • Key expenses like groceries, utilities, and transportation are generally moderately priced.

• Taxes:

  • State income tax rate is 4.4%, somewhat average compared to other states.
  • Property taxes are relatively low, adding to the affordability for homeowners.

Housing Market

• Home Prices:

  • Median home price is higher than the national average, around $470,000.
  • This can make homeownership challenging but not insurmountable with the given income.

• Rental Market:

  • Rental costs are also above average, although a good portion of the income can accommodate these expenses comfortably.

• Market Trends:

  • The housing market is competitive with rising prices but remains attractive due to the area's growth potential and amenities.

Quality of Life

• Outdoor and Recreation:

  • Known for its proximity to natural attractions like Pikes Peak and Garden of the Gods, offering abundant outdoor recreation opportunities.
  • Mild climate with plenty of sunny days contributes to a high quality of outdoor living.

• Cultural and Social Scene:

  • Vibrant community events and a growing arts scene enhance life quality.
  • Diversity in restaurants and entertainment provide ample lifestyle options.

• Safety and Environment:

  • Generally regarded as a safe city with low crime rates relative to its size.
  • Clean environment and air quality add to its appeal.

Access to Healthcare

• Healthcare Facilities:

  • Wide array of healthcare facilities from top-rated hospitals to specialized clinics.
  • Access to quality healthcare services is relatively high.

• Insurance:

  • Health insurance costs might be on the higher side, but coverage options are comprehensive.

Quality of K-12 Schools

• Education System:

  • A mix of public and private schools, with many performing above national standards.
  • Access to high-quality educational resources and extracurricular programs.

• Public School Ratings:

  • Many public schools have good ratings, providing strong educational outcomes and opportunities