Quality of Life in Colorado Springs on a $114,240 Annual Income

Living in Colorado Springs, CO, with an annual income of $114,240 provides a comfortable lifestyle relative to the area's cost of living and home prices. Below is an assessment of the key factors influencing quality of life, with comparisons to the broader United States.

Cost of Living

• Overall Affordability: The cost of living in Colorado Springs is slightly above the national average. However, a salary of $114,240 allows residents to comfortably manage expenses.
• Essentials: Prices for groceries, utilities, and transportation are moderate, making day-to-day living manageable.
• Taxes: Colorado has a flat income tax rate, which can be beneficial compared to states with higher income tax brackets.

Housing Market

• Home Prices: Colorado Springs has seen rising home prices, with the median being somewhat higher than the national average.
• Affordability: An income of $114,240 makes it feasible to purchase a home, although pricing can vary depending on location and home size.
• Real Estate: The housing market is competitive, driven by demand from those seeking to live near natural attractions and military installations.

Quality of Life

• Outdoor Recreation: Colorado Springs offers abundant outdoor activities, including hiking, skiing, and biking, contributing to a high quality of life.
• Community Atmosphere: The city is known for its friendly community and active lifestyle, with various cultural and recreational events throughout the year.
• Climate: Residents enjoy a high number of sunny days, although the higher altitude may require some adjustment for newcomers.

Access to Healthcare

• Healthcare Quality: Colorado Springs features reputable healthcare facilities and hospitals, although some specialized care may require travel to larger cities.
• Insurance: With a $114,240 salary, most residents can afford comprehensive health insurance plans, ensuring access to quality healthcare services.

Quality of K-12 Schools

• Public Schools: The area is home to several well-rated school districts, providing families with quality K-12 education options.
• Private Education: There are also a variety of private school options for those seeking alternative educational environments.
• Education Initiatives: Communities in Colorado Springs often emphasize educational improvement, making it a family-friendly environment.

Assessment

A salary of $114,240 in Colorado Springs translates to a high quality of life, balancing