Quality of Life in Colorado Springs, CO on a $128,160 Annual Income
As someone earning $128,160 annually in Colorado Springs, CO, it's important to assess how this income aligns with the local cost of living and home prices compared to the broader United States. Here's an analysis based on key factors influencing quality of life:
Cost of Living
- Below National Average: The cost of living in Colorado Springs is generally lower than in other major metropolitan areas like New York City or San Francisco.
- Affordable Essentials: Groceries, healthcare, and transportation costs are moderately priced, enhancing the affordability of day-to-day life.
- Utilities and Services: Utility expenses are typical for a city of its size, without significant fluctuations.
Housing Market
- Median Home Price: As of recent reports, the median home price in Colorado Springs is slightly above the national average but considerably lower than larger cities in Colorado like Denver.
- Rental Market: The rental market is competitive, but options are more available compared to over-saturated urban locales.
- Home Affordability: With your income, purchasing a home in a desirable neighborhood is feasible, ensuring access to good schools and amenities.
Quality of Life
- Outdoor Recreation: Colorado Springs offers extensive natural beauty and outdoor activities, enhancing overall well-being. This includes hiking, skiing, and more.
- Community and Culture: The city's vibrant arts scene and community-oriented festivals contribute to a rich cultural life.
- Safety and Comfort: Low crime rates and a family-friendly atmosphere add to the city's appeal as a place of residence.
Access to Healthcare
- Healthcare Facilities: The city hosts several top-rated hospitals and healthcare facilities, providing easy access to medical care.
- Cost of Medical Services: Healthcare costs are reasonable, contributing to a balanced budget for most families.
Quality of K-12 Schools
- School Ratings: Colorado Springs boasts several highly rated public and private schools, ensuring quality education options.
- Access to Education: With numerous schools throughout the area, families have an array of choices to suit educational needs and preferences.
Assessment Summary
Overall, an annual income of $128,160 offers a comfortable lifestyle in Colorado Springs, providing an advantageous balance between income, cost of living, and access to amenities and services. The region’s reasonable housing market, rich cultural opportunities, and reputable educational system make it an attractive locale for individuals and families alike.
