Quality of Life in Colorado Springs, CO: An Assessment

Income Overview

• Annual Salary: $106,240
• Comparison to National Median Income: Significantly higher than the 2023 U.S. median household income of around $70,000.

Cost of Living

General Cost of Living

• Cost of Living Index: Slightly above the national average.
• Key Areas of Expense:
  • Groceries: Close to the national average.
  • Transportation: Comparable to national costs but may vary based on fuel prices and public transit use.
  • Utilities: Often slightly lower than the national average due to energy efficiency initiatives.

Housing Market

• Median Home Price (2023): Approximately $500,000, higher than the national median home price.
• Rental Market: Rent for a two-bedroom apartment is above the national average.
• Housing Affordability: Challenging for first-time home buyers but more affordable than in major metropolitan areas like Denver or San Francisco.

Quality of Life

Community and Environment

• Outdoor Activities: Abundant access to parks, trails, and natural landmarks like Pikes Peak.
• Climate: A mix of sunny days and mild winters, conducive to year-round outdoor activities.

Healthcare Access

• Facilities: Home to top-rated hospitals and healthcare facilities.
• Insurance Rates: Reflective of national averages; good access to a variety of insurance providers and plans.

Education

• K-12 Schools: Generally high-performing with a variety of public, private, and charter school options.
• Student Performance: Above the national average, with strong emphasis on STEM and extracurricular activities.

Cultural and Recreational Offerings

• Arts and Culture: Rich local arts scene with museums, galleries, and music venues.
• Recreational Opportunities: Strong focus on family-friendly and outdoor recreational activities, numerous local festivals, and events.

Summary

Living in Colorado Springs with an income of $106,240 generally provides a comfortable lifestyle. The cost of living is slightly above the national average, driven primarily by housing costs. However, the city's extensive outdoor and recreational opportunities, quality healthcare, and strong educational institutions contribute positively to the overall quality of life. Families and individuals alike can enjoy a balanced lifestyle in this vibrant region.