Quality of Life Assessment for Colorado Springs, CO with an Income of $141,280

Overview

With an annual income of $141,280, an individual living in Colorado Springs, CO would generally experience a comfortable quality of life, especially in comparison to the broader United States. Key factors contributing to this quality of life include cost of living, housing market conditions, healthcare access, and educational opportunities.

Cost of Living

• Comparison to National Average: The cost of living in Colorado Springs is slightly higher than the national average but remains affordable given the income of $141,280.
• Key Expenses:
  • Groceries and transportation costs align closely with national figures.
  • Utility expenses can be slightly higher due to seasonal variations.

Housing Market

• Median Home Price: As of recent years, the median home price in Colorado Springs is moderately above the national median. An income of $141,280 allows for comfortable homeownership or renting within desirable neighborhoods.
• Market Characteristics:
  • Demand in the housing market has grown, driven by the city's appeal and economic opportunities.
  • Property values have been appreciating, making timely investment advantageous.

Quality of Life

• Lifestyle: Colorado Springs offers a vibrant lifestyle with access to outdoor activities, cultural amenities, and a strong sense of community.
• Nature and Recreation:
  • Proximity to the Rocky Mountains provides endless opportunities for hiking, skiing, and other outdoor pursuits.
  • Numerous parks and community events contribute to a high quality of life.

Access to Healthcare

• Healthcare Facilities: The city boasts several respected hospitals and healthcare facilities, ensuring access to quality medical care.
• Affordability: Healthcare costs are in line with, if not slightly above, national averages, but adequate health insurance offsets these expenses.

Quality of K-12 Schools

• Educational Institutions: Colorado Springs is home to numerous quality K-12 schools, including public, private, and charter options.
• Academic Performance: Schools in the area generally perform well on state assessments, providing a good educational foundation.

Summary

Living in Colorado Springs, CO, with an income of $141,280 provides a comfortable and fulfilling quality of life. Although the cost of living and housing prices are slightly above the national average, the city's vibrant community, excellent outdoor and recreational activities, quality healthcare, and strong educational institutions make it an attractive place to reside.