Quality of Life in Denver, CO for an Annual Income of $153,085

Overview of Cost of Living

• Higher than National Average: Denver's cost of living is approximately 12% higher than the U.S. average.
• Expenses Breakdown:
  • Groceries: Slightly above the national average.
  • Utilities: Comparable to the national average.
  • Transportation: Higher costs due to fuel prices and public transportation fees.
  • Dining and Entertainment: More expensive than many areas in the U.S.

Housing Market

• Median Home Price: Around $600,000, significantly higher than the national median of $416,100.
• Rent Costs: Average rent for a one-bedroom apartment in Denver is $1,500 per month.
• Affordability: With a $153,085 salary, housing remains affordable if around 30% of income is allocated to housing expenses.

Quality of Life

• Outdoor Recreation: High quality of life due to access to outdoor activities like skiing, hiking, and biking.
• Cultural Amenities: A vibrant arts scene, numerous restaurants, and cultural festivals contribute to a rich urban living experience.
• Work-Life Balance: Many residents enjoy a balance between professional opportunities and recreational activities.

Healthcare Access

• Quality Healthcare Facilities: Denver has numerous highly-rated hospitals and healthcare facilities.
• Healthcare Costs: Slightly above the national average, but offset by access to quality care and specialists.
• Insurance Availability: Many employers in Denver offer comprehensive healthcare insurance plans.

Quality of K-12 Schools

• Public Schools: Mixed quality; some schools are highly rated while others may not meet expectations.
• Private Schools: A variety of private educational institutions offer robust academic programs.
• Education Initiatives: Denver invests in educational reform and innovation, improving school options over time.

Assessment

Living in Denver with an annual income of $153,085 offers a comfortable quality of life, highlighted by an urban yet nature-rich lifestyle. Despite higher living costs and housing prices than the national average, the salary provides for reasonable housing, healthcare, and recreational options. While there are trade-offs in terms of some aspects of the public schooling system, the availability of high-quality private education and education reform initiatives provide valuable alternatives.