Quality of Life in Colorado Springs, CO on a $150,320 Annual Salary
Having an annual salary of $150,320 in Colorado Springs offers a comfortable quality of life, especially when considering the current cost of living, housing, healthcare, and education. Below is an assessment of how living in this city compares to the broader United States.
Cost of Living
- Overall Affordability: Colorado Springs boasts a cost of living that is slightly above the national average. However, with an income of $150,320, individuals can comfortably cover expenses.
- Groceries and Utilities: Prices for groceries and utilities can be marginally higher compared to the national average, but not significantly burdensome for the given salary.
- Transportation: The cost of transportation is typical for a mid-sized city in the U.S., with reasonable prices for gasoline and public transit options.
Housing Market
- Median Home Prices: As of late 2023, the median home price in Colorado Springs is around $450,000, which is above the national median but manageable with the annual salary of $150,320.
- Renting: For those preferring to rent, average monthly rents range around $1,500 for a two-bedroom apartment.
- Property Taxes: Property taxes are moderate compared to national figures, helping ease the financial burden of home ownership.
Quality of Life
- Natural Beauty and Recreation: Colorado Springs is known for its stunning landscapes and access to outdoor activities, contributing to a high quality of life.
- Community and Culture: The city offers a vibrant community with diverse cultural events, local festivals, and a thriving arts scene.
Access to Healthcare
- Healthcare Facilities: The city is home to reputable healthcare facilities, providing high-quality medical care.
- Healthcare Costs: Medical expenses are on par with national averages, and extensive employer-provided health plans can further offset costs.
Quality of K-12 Schools
- Public Schools: The region boasts several highly-rated public schools, making it a desirable location for families.
- School Funding and Resources: Schools in the area are generally well-funded, ensuring adequate resources and facilities for students.
- Private School Options: There are also notable private and charter schools available for families seeking alternative educational environments.
Summary
Overall, an individual earning $150,320 a year in Colorado Springs can enjoy a comfortable lifestyle. The
