Quality of Life Assessment for a Resident in Colorado Springs, CO, Earning $96,800 Per Year

Cost of Living

• Overall Ranking: Colorado Springs has a slightly higher cost of living compared to the national average, influenced by housing, utilities, and healthcare.
• Utilities and Groceries: The costs for utilities and groceries are around the national average, making these expenses manageable.

Housing Market

• Home Prices:
  • Median home price in Colorado Springs: Approximately $400,000.
  • This figure is above the national median home price, posing a challenge for potential homebuyers who move from areas with lower housing costs.
• Rental Market: Rental prices are also higher than the national average, driven by demand in this rapidly growing city.

Quality of Life

• Outdoor Activities: Residents enjoy a high-quality lifestyle with access to numerous hiking trails, parks, and outdoor recreational activities.
• Community and Culture: The city offers a vibrant community with various cultural events, art venues, and dining options.

Access to Healthcare

• Healthcare Facilities: Colorado Springs boasts several high-quality healthcare facilities, ensuring residents have access to excellent medical care.
• Cost of Healthcare: The cost of healthcare services is slightly above the national average, but quality of care remains a strong point.

Quality of K-12 Schools

• School Ratings: The area is known for having several top-rated public and private schools, providing strong educational opportunities for families.
• Educational Resources: Schools in the area are well-funded, with access to various extracurricular programs and advanced placement courses.

Summary of Assessment

Living in Colorado Springs, CO, with an annual income of $96,800 allows for a comfortable lifestyle. While housing costs are higher than the national average, the city offers a robust quality of life through superior education options, excellent healthcare, and abundant outdoor activities. These factors combined create an attractive environment for individuals and families looking to settle in a thriving community.