Cost of Living

• Overall Cost: Colorado Springs has a cost of living index slightly above the national average. Expenses such as groceries, utilities, and healthcare may be a bit higher than other areas in the U.S.
• Transportation: Costs related to commuting are moderate. Public transportation options are available, but many residents rely on personal vehicles, affecting gas and maintenance expenditures.

Housing Market

• Home Prices: The median home price in Colorado Springs is notably higher than the national average. It's a competitive market, often leading to bidding wars and quick sales.
• Rental Costs: Renters also face higher-than-average prices, though rental rates are more accessible compared to some of the bigger metropolitan areas within Colorado, such as Denver.

Quality of Life

• Income Adequacy: A salary of $125,440 per year allows for a comfortable lifestyle. It is above the median income, providing room for savings, investments, and discretionary spending.
• Recreational Activities: Residents enjoy access to a wide range of outdoor activities, including hiking, mountain biking, and skiing due to the proximity to the Rocky Mountains.
• Community and Culture: Colorado Springs offers a vibrant cultural scene with museums, theaters, and community events emphasizing a strong sense of community.

Access to Healthcare

• Healthcare Facilities: The city boasts several reputable hospitals and clinics, ensuring good access to medical care.
• Healthcare Costs: While healthcare costs are generally high, individuals can expect quality service and diverse treatment options.

Quality of K-12 Schools

• Public Schools: The area is home to several well-regarded public school districts, providing quality education and various extracurricular activities.
• Private Education: There are also ample private schooling options, though these come with additional tuition costs.

Summary Assessment

Living in Colorado Springs with an income of $125,440 annually provides a comfortable and fulfilling lifestyle with opportunities for savings despite a cost of living above the national average. While homeownership and rental costs are higher, the natural beauty, cultural amenities, and good education and healthcare systems enhance the overall quality of life, making it an attractive place to live for individuals and families alike.