What Salary Do You Need to Live in Colorado Springs?
Full article 16min read
Colorado Springs is a city located in the state of Colorado. The city is situated at the base of the Rocky Mountains and is home to more than 450,000 people. Colorado Springs is a popular destination for people moving to Colorado, as it offers a variety of affordable housing options and a low cost of living. The city also has several excellent schools and is home to several major employers. In addition, Colorado Springs boasts a variety of recreational opportunities, including hiking, camping, and fishing. As a result, it is no wonder that so many people are drawn to this vibrant city.
Living in Colorado Springs is affordable. You may need a higher or lower salary to live comfortably, depending on your lifestyle. To help figure out what salary you need to live in Colorado Springs, we’ve gathered some information on the average cost of living here. Keep reading to learn more!
Where Does Your Salary Go Living in Colorado Springs?
For many people, Colorado Springs is an attractive place to live. The city has a relatively low cost of living, and there are plenty of job opportunities. However, it’s important to understand where your salary will go if you choose to live in Colorado Springs. The cost of housing is affordable, but you can expect to pay more for transportation than in other parts of the country.
There are some other expenses you need to account for in Colorado Springs. The cost of food is lower than the national average, and you’ll also need to pay for utilities. Health care costs are slightly higher in Colorado Springs.
The real estate market in Colorado Springs is booming. The housing expenses in Colorado Springs are 2% low than the national average. With its stunning mountain views and year-round outdoor activities, it’s no wonder that people are flocking to the area.
Whether you’re looking for a cozy starter home or a luxurious estate, you’ll find it in Colorado Springs. There are several great neighborhoods to choose from, and you’re sure to find a property that fits your needs and budget. Some of them are:
The Broadmoor: This is an affluent neighborhood that features luxury homes and stunning views of the mountains. If you have a high salary, this is a great place to live.
Old Colorado City: This historic neighborhood is located west of downtown and is known for its charming Victorian homes. It’s a great place to live if you’re looking for an affordable option.
Downtown: Downtown Colorado Springs is a great place to live if you want to be in the heart of the action. There are plenty of restaurants, bars, and shops to keep you entertained.
Cheyenne Canyon: This neighborhood is located south of downtown and is known for its beautiful scenery. If you love nature, this is the place for you.
Manitou Springs: This small town is located west of Colorado Springs and is known for its relaxed atmosphere. It’s a great place to live if you’re looking for a slower pace of life.
Median 1 Bedroom Apartment Rent: $1,496/ month
Median 2 Bedroom Apartment Rent: $1,767/month
Median 3 Bedroom Apartment Rent: $2,156/month
Median Home Price: $485,315
Cost of Transportation
If you’re planning on moving to Colorado Springs, you’ll need to account for the cost of transportation. The city has several excellent public transportation options, but you’ll likely need a car to get around. In Colorado Springs, the average cost of gas is $3.65 per gallon. These costs are 3% lower than the national average. Mountain Metropolitan Transit provides more than 20 local bus lines in Colorado Springs. Buses run every five minutes on weekdays from 5 a.m. to 10 p.m., with Saturday and Sunday service reduced in frequency and many routes closing up by 7 p.m. A monthly pass for the bus system is $63, and a single ticket costs $1.75. You can always opt-in for taxi services widely available in the city, albeit at a higher cost.
When it comes to getting around Colorado Springs, there are plenty of options. Colorado Springs also has a number of bicycle and pedestrian paths that are perfect for exploring the city. In addition, the city is served by two major airports, Denver International Airport and Colorado Springs Airport.
As the seat of El Paso County, Colorado Springs is home to many businesses and residents. The city’s tax structure is fair and provides adequate funding for vital services, such as public safety and infrastructure maintenance.
Taxes are always a hot topic, regardless of where you live. People tend to have strong opinions about them, and there is often a lot of debate about how they should be used and what they should be used for. In Colorado Springs, taxes are also used to fund many different things, including schools, roads, and parks. Overall, Colorado Springs’ taxes are relatively high compared to other cities in the state. However, many people believe that taxes are necessary to maintain the city’s high quality of life.
The cost of utilities in Colorado Springs is low compared to other cities in the United States. The average monthly cost for electricity, gas, and water is $163.74. This cost is about 26% lower than the national average. The city is served by several utilities, including electric, gas, water, sewer, and stormwater. Colorado Springs Utilities is a city-owned utility company that provides these services to the city of Colorado Springs and its surrounding areas.
Founded in 1871, Colorado Springs Utilities is one of the country’s oldest and most experienced municipal utilities. The utility serves more than 250,000 customers and has an annual operating budget of $1 billion. In addition to its core water, electricity, and gas services, Colorado Springs Utilities also provides its customers a wide range of other services, including water conservation, solar power, sustainability, and environmental stewardship programs. As a result, Colorado Springs Utilities is a leading utility services provider in the Rocky Mountain region.
The cost of healthcare in Colorado Springs is about 2% higher than the national average. The city has several excellent hospitals and medical facilities and a large number of highly-trained doctors and specialists. The most notable include Memorial Hospital Central, Penrose-St. Francis Health Services, and UC Health Memorial Hospital North.
In addition to its hospitals, Colorado Springs is also home to a number of different clinics and medical practices. These include family clinics, urgent care centers, and specialty clinics.
If you’re looking for quality healthcare at an affordable price, Colorado Springs is the place for you. The city’s hospitals and medical facilities are among the best in the country, and its doctors and specialists are highly skilled and experienced.
A routine doctor’s visit: $113.03
Childcare in Colorado Springs
The average hourly rate for childcare providers in Colorado Springs, CO, is $14.93. You can expect to pay anything from $12.56 and $20 per hour, depending on your location, experience, education, and the type of care required. The city has several different child care options, including daycare centers, preschools, and after-school programs. One of the most popular child care options in Colorado Springs is the YMCA. The YMCA is a non-profit organization dedicated to providing quality child care at an affordable price. The organization offers a wide range of child care services, including daycare, preschool, after-school care, and summer camp.
Another popular child care option in Colorado Springs is the Boys & Girls Club. The Boys & Girls Club is a non-profit organization committed to providing quality child care for all children. The organization offers a variety of programs and services for children, including after-school care, summer camp, and tutoring.
The cost of food in Colorado Springs is about 3% lower than the national average. The city has a wide variety of restaurants, cafes, grocery stores, and a number of farmers’ markets.
If you’re looking for affordable groceries, you’ll want to check out Walmart. The store offers a wide selection of food at low prices. You can also find affordable groceries at Target, Safeway, and King Soopers.
If you’re looking for a more upscale dining experience, you’ll want to check out one of the city’s many restaurants. Colorado Springs has a wide variety of restaurants, including American, Italian, Mexican, Asian, and more. You can also find several cafes and coffee shops throughout the city.
Some of the best restaurants in the city include The Broadmoor, Salsa Brava, and The Melting Pot.
A meal at a mid-range restaurant: $57.5 for 2 People
McMeal at McDonald’s (or Equivalent Combo Meal): $8
A loaf of bread: $3.523
A gallon of milk: $1.88
A dozen eggs: $1.76
Miscellaneous Costs in Colorado Springs
In Colorado Springs, there are various types of miscellaneous costs that can add up. For example, entertainment costs such as going to the movies can quickly add up, especially with a group of friends. Additionally, personal care costs such as going to the gym can also add up over time.
There is a number of things to do in Colorado Springs, and the city has a wide variety of entertainment options. Some of the most popular things to do in the city include hiking, biking, skiing, and snowboarding. The city also has several different parks and trails that are perfect for exploring.
If you’re looking for something a bit more exciting, you can check out one of the city’s many attractions. Some of the most famous attractions in Colorado Springs include the Garden of the Gods, Cheyenne Mountain Zoo, and the U.S. Olympic Training Center.
The job market in Colorado Springs has seen a significant uptick in recent years, due in part to the city’s growing reputation as a hub for tech startups and its proximity to major military installations. Unemployment in Colorado Springs is currently below 4.5%, which is significantly lower than the national average. The most common industries in Colorado Springs are healthcare, retail, and technology. However, there is also a growing number of jobs in the tech sector, attracting young professionals to the city. Living in Colorado Springs is also relatively low, making it an affordable place to live and work. Overall, the job market in Colorado Springs is strong and growing, making it an attractive option for job seekers.
Top employers in the city are:
City of Colorado Springs
Colorado Springs Utilities
El Paso County
Peterson Air Force Base
the United States Air Force Academy
Cheyenne Mountain Conference Resort
Cobham Semiconductor Solutions
DePuy Synthes Companies of Johnson & Johnson
How Much Should You Earn To Live Comfortably Well In Colorado Springs?
If you want to live comfortably in Colorado Springs, you’ll need to earn a salary of at least $67,719. This salary will allow you to afford a modest lifestyle in the city. You’ll be able to afford a decent apartment, necessities, and some leisure activities. However, if you want to live an upscale lifestyle in Colorado Springs, you’ll need to earn a salary of at least $1,00,000. This salary will allow you to afford a luxury apartment, high-end restaurants, and plenty of leisure activities. Overall, the cost of living in Colorado Springs is relatively affordable, especially compared to other major cities in the United States.
According to the U.S. Department of Labor, a single person without dependents must earn $17.38 per hour to live comfortably in Colorado Springs. If only one adult is employed, the required hourly compensation for two adults with one child is $32.83. The cost of living for two parents with two children is $24.93 if they’re both working.
There are many things to do in Colorado Springs, making it a great place to live. Living in Colorado Springs is relatively affordable, especially compared to other major cities in the United States. To live comfortably in Colorado Springs, you’ll need to earn a salary of at least $67,719. The job market is also strong and growing, making it an attractive option for job seekers. Overall, Colorado Springs is a great place to live and work. Thanks for Reading!
Alex Sherr is the founder of My Long Distance Movers, a blog that provides moving information and resources for people who are relocating. He has more than two decades of experience in the moving and relocation industry, and he is passionate about helping people relocate smoothly and efficiently. When he's not writing or blogging, Alex enjoys spending time with his wife and two young children.