A new study by GOBankingrates.com found that a Colorado Springs resident making the median income of $58,158 would need to add more than $25,000 in earnings to “live comfortably” in the city.
Do Good Salary in Colorado Springs, CO
|Annual Salary||Monthly Pay|
5 Great Neighborhoods in Colorado Springs SOUTHWEST. The Broadmoor . Old money mixes with new money in the city’s most prestigious neighborhood. DOWNTOWN. Old North End. If you love history and have the money, this area north of downtown is for you. NORTHWEST. Rockrimmon. NORTHEAST. Briargate. WEST. West Side/Old Colorado City.
Colorado Springs cost of living is 104.5
|COST OF LIVING||Colorado Springs||USA|
|Median Home Cost||$287,900||$231,200|
Colorado homes have skyrocketed in value especially in highly sought after areas such as Denver, Boulder, and Colorado Springs . These home values have increased due to a variety of factors from the growing population, lower interest rates, and builders focusing on luxury homes .
Most Dangerous Neighborhoods In Colorado Springs, CO Southwest Colorado Springs. Population 9,399. 182 % Old Colorado City . Population 2,130. 176 % West Colorado Springs. Population 13,407. 163 % Southeast Colorado Springs. Population 50,481. East Colorado Springs. Population 49,900. Powers. Population 152,311. Northeast Colorado Springs. Population 48,969. Northgate. Population 3,515.
Colorado Springs averages 57 inches of snow per year. The US average is 28 inches of snow per year.
How much do you need to earn to live in Colorado? According to data from HowMuch.net, in order to comfortably afford to live in any city in Colorado, you have to earn a whopping $100,200 yearly salary. This works out to earning between $6,000 -8,300 per month.
Living Wage Calculation for Denver County, Colorado
|1 ADULT||2 ADULTS (BOTH WORKING)|
|0 Children||1 Child|
Average Temperatures and Precipitation Starting in December , average temperatures in Colorado Springs range between 42.1 degrees at the warmest and 17.5 degrees at the coldest. January is similar to December , with an average high of 43.2 degrees and a low of 17.7 degrees.
Colorado Springs’s housing expenses are 2% lower than the national average and the utility prices are 26% lower than the national average. Transportation expenses like bus fares and gas prices are 3% lower than the national average. Colorado Springs has grocery prices that are 3% lower than the national average.
A new report from GOBankingRates.com ranks the 50 most populous cities in the U.S. by how much money would be left from a $100,000 salary after subtracting necessary expenses such as taxes, groceries, rent, utilities, healthcare and driving costs. Denver ranks in the bottom 15, according to the report.
Several recent surveys are giving the nod to Colorado Springs . U.S. News and World Report ranked Colorado Springs as the second-best place to live in 2018, and the most desirable city in the country. Meanwhile, Denver was ranked as the third-best place to live and barely squeaked into the top ten for desirability.
The city also frequently ranks on lists of cities with the cleanest air, and residents of Colorado Springs can attest to that. Colorado Springs is a well-rounded, happy, and healthy city. With mild weather, affordable housing, and a great quality of life, what’s not to love?