Quality of Life in Colorado Springs, CO on a $136,160 Annual Income

Overview of Cost of Living

• Cost Index: Colorado Springs is slightly above the national average, with a cost of living index around 107 (where 100 is the national average).
• Comparison: While more expensive than many cities, it remains more affordable compared to major metropolitan areas like Denver or San Francisco.

Housing Market

• Median Home Price: As of the latest data, the median home price is approximately $450,000, which aligns closely with the national median.
• Affordability: On a $136,160 salary, the median home is fairly affordable, assuming prudent budgeting and possibly dual income.
• Market Trends: Colorado Springs has seen steady growth in home prices, indicating a strong housing market reflective of high demand.

Quality of Life

• Natural Beauty: Residents enjoy close proximity to outdoor activities such as hiking in Pikes Peak or Garden of the Gods, contributing significantly to personal well-being and lifestyle.
• Community and Culture: A mix of suburban and urban lifestyles offers diverse dining, entertainment, and community engagement opportunities.
• Safety: Colorado Springs maintains a relatively low crime rate compared to other cities its size, enhancing livability.

Access to Healthcare

• Healthcare System: The city hosts several reputable hospitals and healthcare providers, such as UCHealth Memorial Hospital and Penrose-St. Francis Health Services.
• Cost Factor: Healthcare costs are above the national average, although insurance options through employment reduce personal expenses.

Quality of K-12 Schools

• School Districts: The city is known for strong educational institutions, with standout districts like Academy School District 20.
• Performance: Many schools boast high academic performance ratings, providing robust educational opportunities for children.
• Extracurriculars: Schools often offer a wide range of extracurricular activities, from athletics to arts, enriching the student experience.

Summary Assessment

Living in Colorado Springs on a $136,160 salary presents a favorable lifestyle with comfortable housing affordability and access to high-quality amenities. The city delivers a balanced mix of natural beauty and cultural richness, supported by robust healthcare and educational systems. While the cost of living is above average, it remains manageable, particularly when leveraging local resources and employment benefits.