Quality of Life in Colorado Springs, CO on a $48,800 Salary

Cost of Living

• Below National Average: Colorado Springs has a slightly lower overall cost of living compared to other major U.S. cities.
• Affordability: Everyday expenses like groceries and utilities are relatively affordable, but transportation and healthcare might be higher due to state taxes and infrastructure.
• Goods and Services: Dining out and entertainment are reasonably priced, offering a range of options suitable for different budgets.

Housing Market

• Median Home Price: As of recent data, the median home price in Colorado Springs is higher than the national average, presenting challenges for homebuyers on a $48,800 salary.
• Rental Market: Renting might be more feasible, with varied options ranging from apartments to single-family homes, though rental costs have been climbing steadily.
• Potential for Homeownership: Long-term residency may provide potential benefits if investing in property, though short-term affordability could be a concern.

Quality of Life

• Work-Life Balance: The city is known for its balanced lifestyle, emphasizing outdoor activities and cultural events.
• Community: Strong sense of community with numerous local events and a welcoming atmosphere for both families and singles.
• Recreation: Proximity to the Rockies offers unparalleled access to hiking, skiing, and outdoor leisure activities.

Access to Healthcare

• Healthcare Facilities: Colorado Springs hosts several reputable hospitals and clinics, with healthcare costs slightly above average.
• Insurance: Availability of insurance plans varies, and efforts to reduce healthcare expenses are ongoing.
• Quality of Care: High standard of healthcare services, coupled with innovations in care practices and technology.

Quality of K-12 Schools

• Educational Standards: The city boasts several well-rated public and private schools.
• School Programs: Diverse programs and extracurricular activities are accessible, nurturing a variety of interests and talents.
• Performance Indicators: Average test scores in the region often exceed national averages, indicating strong educational outcomes.

Summary Assessment

Overall, a person earning $48,800 per year in Colorado Springs would find a respectable quality of life, though financial planning is advised given the rising housing costs. The city offers a mix of affordable daily living expenses and access to high-quality public services, making it an appealing choice for those valuing community and lifestyle over economic opportunities.