Quality of Life in Denver, CO for a Salary of $172,550
Living in Denver, Colorado, on a salary of $172,550 provides a relatively comfortable lifestyle compared to many other cities in the United States. Below is an assessment of how this income aligns with Denver's cost of living, housing market, and quality of life compared to the broader United States.
Cost of Living
- Overall Cost: Denver's cost of living is higher than the national average. However, with a salary of $172,550, many of the expenses in Denver can be comfortably managed.
- Utilities and Groceries: Prices for utilities and groceries are moderately above average, but manageable within this income.
- Transportation: Costs are on par with national averages, making commuting affordable.
Housing Market
- Home Prices: The median home price in Denver is significantly higher than the national average, making housing more expensive relative to other cities.
- Rental Market: Rental prices are high as well, but those earning $172,550 can afford a variety of options, from upscale apartments to single-family homes.
Quality of Life
- Outdoor Activities: Denver is known for its outdoor lifestyle with access to beautiful mountains, parks, and recreational activities, providing excellent work-life balance.
- Cultural Scene: The city boasts a vibrant arts and culture scene with museums, theaters, and music venues, enhancing the quality of life for residents.
Access to Healthcare
- Healthcare Quality: The city offers robust healthcare services with several top-ranked hospitals and clinics.
- Affordability: Healthcare costs are slightly above the national average, but adequate insurance can mitigate these expenses.
Quality of K-12 Schools
- Public Schools: Denver offers a mix of highly rated public schools alongside underperforming ones. School choice programs can help parents access better educational options.
- Private Schools: There are numerous reputable private schools available, providing more educational opportunities for families.
Summary
Someone earning $172,550 per year in Denver enjoys a good quality of life, albeit with some financial considerations due to higher-than-average living costs and housing prices. With access to diverse recreational, cultural amenities, and satisfactory healthcare options, living in Denver presents a well-rounded environment. While the public school quality varies, educational opportunities abound through school choice and private schooling options. Overall, this income level affords a comfortable lifestyle in the Mile High City
