Living in Colorado Springs, CO on an $89,600 Salary

Cost of Living

• Overall Expenses: Colorado Springs has a moderate cost of living compared to the national average. The city is attractive for its affordability compared to larger Colorado cities like Denver.
• Groceries and Utilities: Prices for groceries and utilities are around the national average, which is manageable for individuals earning close to $89,600 annually.
• Transportation: Costs for transportation, including gas and public transit, are also aligned closely with national averages, making daily commutes relatively affordable.

Housing Market

• Home Prices: The median home price in Colorado Springs is higher than the national average, reflecting the city's desirable location and amenities. Buying a home may require a significant portion of the budget for residents earning $89,600.
• Rental Market: Renting is a viable option, with rental prices slightly above the national average. The income allows for comfortable rent payments while leaving room for other expenses.

Quality of Life

• Outdoor Recreation: Renowned for its access to outdoor activities, Colorado Springs offers a rich quality of life for those who enjoy hiking, biking, and other adventures in nature. This enhances the overall living experience.
• Cultural and Social Life: The city boasts a variety of cultural institutions, events, and a growing food scene, all of which contribute to a vibrant and enriching lifestyle.

Access to Healthcare

• Healthcare Facilities: Colorado Springs has quality healthcare facilities, including major hospitals and specialized medical centers. Access to healthcare is generally excellent, contributing positively to residents' overall well-being.
• Healthcare Costs: Medical expenses are on par with the national average, which makes healthcare accessible for individuals earning $89,600.

Quality of K-12 Schools

• Public Schools: The city is served by several well-regarded school districts with schools that frequently receive high ratings. This makes it an attractive location for families.
• Educational Opportunities: There are numerous programs and extracurricular activities available, providing diverse opportunities for student development.

Assessment

Living in Colorado Springs, CO, with an annual income of $89,600 offers a high-quality lifestyle, characterized by affordable living costs relative to earnings, access to excellent healthcare and educational systems, and a vibrant cultural and outdoor recreational scene. While housing can be a significant expense, the overall affordability and quality of amenities make it a compelling city for individuals and families alike