Study says you need $118k to ‘be happy’ in Colorado Springs

A Purdue University study aimed to answer the age old question: can money buy happiness?

Using that study's findings, financial literacy website GOBanking Rates predicted the annual salary a single person would need to be happy in 50 of America's biggest cities.

According to their predictions, someone living in Colorado Springs would need an annual income of $118,545 to "be happy."

The university's research aimed to "pinpoint the amount where money no longer changes your level of emotional well-being and 'life evaluation.'"

This is to say, the number at which your income no longer influences your daily emotions and life goals.

Researchers further broke down requisite income for "life evaluation," which they say needs $107,255 in Colorado Springs, and "emotional well-being," which they say needs between $67,740 and $84,675.

In comparison, the researchers say someone living in Denver would need $151,410 to be happy, $136,990 for life evaluation, and $86,520 - $108,150 for emotional well-being.