Quality of Life in Colorado Springs, CO on a $148,480 Salary

Overview

Colorado Springs, known for its picturesque landscapes and vibrant community, offers a compelling lifestyle for residents. Earning $148,480 per year places an individual or family in a comfortable financial position relative to the average income levels.

Cost of Living

• National Comparison:
  • The cost of living in Colorado Springs is slightly above the national average, but it remains more affordable than other major metropolitan areas in Colorado like Denver.
• Key Expenses:
  • Groceries and Utilities: These are relatively standard, matching closely with the national averages.
  • Transportation: Costs are manageable, with public transit and gas prices slightly lower than in larger cities.

Housing Market

• Home Prices:
  • The median home price in Colorado Springs is higher than the national median, making real estate a significant consideration.
  • On a $148,480 salary, purchasing a home is feasible, though budgeting is essential given the competitive market.
• Rental Market:
  • Renting is a viable option, with prices generally more favorable than in many comparable urban areas across the nation.

Quality of Life

• Environment:
  • The city offers a mix of urban and outdoor lifestyles, with plenty of parks, trails, and recreational activities.
• Community:
  • Known for a welcoming atmosphere, Colorado Springs has a strong sense of community engagement and cultural diversity.

Access to Healthcare

• Healthcare Facilities:
  • Colorado Springs has accessible healthcare facilities with a range of services. The region is home to reputable hospitals and specialized healthcare providers.
• Insurance:
  • Most residents with a salary of this range find health insurance affordable, allowing access to quality care without financial strain.

Quality of K-12 Schools

• School System:
  • The city is served by several public and private schools, many of which have strong academic programs and extracurricular opportunities.
• Educational Performance:
  • Schools in Colorado Springs generally perform well, with several institutions recognized for excellence in education.

Summary

Living in Colorado Springs with a $148,480 salary provides a comfortable quality of life. While housing costs can be higher than the national average, the overall cost of living is balanced by reasonable expenses on utilities and transportation. The city's community, educational options, and access to healthcare contribute positively