Quality of Life in Colorado Springs, CO, on an Annual Income of $150,240

Overview

Colorado Springs, with its vibrant culture and access to nature, provides a compelling setting for individuals earning $150,240 annually. This income level allows for a comfortable lifestyle with potential for savings, given the city’s moderate cost of living compared to both the state and national averages.

Cost of Living

• Comparison to National Average: The cost of living in Colorado Springs is slightly above the national average. While groceries and utilities are reasonably priced, transportation and healthcare can be relatively more expensive.
• Other Expenses: Dining out and entertainment are affordable, with plenty of mid-range and upscale options available.

Housing Market

• Home Prices: The median home price in Colorado Springs is higher than the national average but lower than in Colorado's major cities like Denver. Real estate is competitive due to strong demand, driven by the city’s growth and desirable amenities.
• Renting vs. Buying: Renting may be a temporary solution as the average rent is also above the national average. However, high salaries allow potential for significant down payments and mortgage affordability.

Quality of Life

• Recreation: Colorado Springs offers excellent outdoor recreational opportunities, such as hiking, biking, and climbing, largely thanks to its proximity to the Rocky Mountains.
• Community and Culture: The city is known for its friendly, community-centric atmosphere and hosts a range of cultural and lifestyle events.
• Employment and Economy: With a diverse and growing economy, job opportunities in tech, aerospace, and defense are abundant.

Access to Healthcare

• Healthcare Facilities: The city has a robust healthcare system with several top-rated hospitals and clinics, ensuring quality and accessible medical services for residents.
• Insurance and Costs: While healthcare costs can be higher, employer-provided insurance often mitigates these expenses.

Quality of K-12 Schools

• Public Education: The city’s public school system is above average, with several highly-rated schools and a wide range of extracurricular activities.
• Private Education: There are also many private school options providing alternative educational approaches and specialized programs for interested families.

Assessment

Earning $150,240 in Colorado Springs provides a high quality of life with ample opportunities for leisure, homeownership, and community engagement. While the cost of living is higher than the national norm, this income level supports a sustainable