Quality of Life in Colorado Springs, CO on a $145,840 Salary

Cost of Living

• Overall Cost: The cost of living in Colorado Springs is slightly higher than the national average but reasonable compared to other Colorado cities like Denver.
• Groceries and Utilities: Prices for groceries and utilities are moderately above the national average.
• Transportation and Healthcare: These costs remain close to the national averages, making them manageable on a $145,840 salary.

Housing Market

• Home Prices: The median home price in Colorado Springs is higher than the national median, reflecting the city’s desirability and quality of life.
• Affordability: With a $145,840 salary, many housing options remain affordable, given the wide range of properties available.
• Rental Market: Renting can be costly but is a viable option while saving for a home purchase.

Quality of Life

• Outdoor Recreation: Colorado Springs is renowned for its natural beauty and outdoor activities, contributing to a high quality of life.
• Community and Culture: The city offers a vibrant community with numerous cultural events and a strong sense of local identity.
• Safety: The city has a relatively low crime rate, making it a safe environment for families.

Access to Healthcare

• Healthcare Services: Numerous top-quality healthcare facilities and providers are available, ensuring comprehensive medical care.
• Insurance and Costs: On a $145,840 salary, accessing premium healthcare services and insurance is feasible.

Quality of K-12 Schools

• Public Schools: The city boasts highly-rated public schools, known for academic excellence and extracurricular opportunities.
• Private and Charter Schools: Several private and charter schools are available offering specialized educational experiences.

Summary of Assessment

Living in Colorado Springs, CO, on a $145,840 annual salary provides a comfortable lifestyle. The combination of a higher-than-average local economy, strong employment opportunities, and slightly elevated living costs balances well with this income level. With access to great schools, extensive healthcare facilities, and rich outdoor and cultural activities, Colorado Springs offers a fulfilling and enjoyable living experience relative to the broader United States.