Quality of Life in Colorado Springs, CO on a $96,240 Annual Salary

Living on an annual salary of $96,240 in Colorado Springs, CO can offer a comfortable quality of life, especially when comparing living costs and the housing market to broader national averages. Below is a breakdown of the various factors affecting quality of life in this region.

Cost of Living

• Overall Cost of Living:
  • Slightly above the national average.
  • Higher cost relative to groceries, transportation, and healthcare, but mitigated by competitive salaries.

Housing Market

• Median Home Price:

  • Mid-range relative to the national average.
  • Growth in housing prices in recent years, contributing to an increasing cost of living.
  • Renting can be more affordable than buying depending on location within the city.

• Home Ownership Prospects:

  • A salary of $96,240 provides a strong foundation for home purchases, especially with effective budgeting.

Quality of Life

• Outdoor Recreation:

  • Abundant access to outdoor activities (hiking, biking, skiing) due to proximity to the Rocky Mountains.
  • Highly appealing for active individuals and families.

• Cultural and Community Activities:

  • Access to a vibrant arts scene, various festivals, and community gatherings throughout the year.

Healthcare Access

• Healthcare Facilities:

  • Several highly-rated hospitals and medical facilities.
  • Costs slightly above national averages, necessitating good health insurance coverage.

• Overall Health Environment:

  • Ranked positively for public health initiatives and environmental quality.

Quality of K-12 Schools

• Public School System:

  • Generally well-regarded with several schools recognized for excellence.
  • Numerous extracurricular and advanced placement opportunities for students.

• Private and Charter Schools:

  • Available and considered a strong alternative to public options for those seeking specialized curricula.

Assessment Summary

A salary of $96,240 in Colorado Springs, CO, allows for a comfortable lifestyle reflective of the city's vibrant outdoor scene, cultural richness, and strong education system. While home prices and general living expenses slightly outpace national averages, the thriving job market and accessibility to diverse amenities offer significant compensations. Residents can enjoy a high quality of life closely aligned with the values of an active, community-focused environment.