Quality of Life Assessment for a Denver Resident with a $173,570 Annual Income

Overview

Living in Denver, Colorado, with an annual income of $173,570 provides a comfortable lifestyle, with some challenges typical to large, growing cities. This assessment covers the cost of living, housing market conditions, access to healthcare, and quality of K-12 schools compared to the broader United States.

Cost of Living

• General Cost:

  • Denver’s cost of living is above the national average, primarily influenced by housing and transportation costs.
  • High salaries in the area generally help offset these costs, particularly in the technology, healthcare, and finance industries.

• Groceries and Utilities:

  • Grocery prices and utility costs are moderately above the national average but remain manageable for high-income residents.
  • Dining out and leisure activities can be more expensive compared to smaller cities.

Housing Market

• Housing Prices:

  • The median home price in Denver significantly exceeds the national average, making homeownership a larger investment.
  • This income level allows for comfortable options in home purchasing, although recent market trends show rapidly rising costs.

• Rental Market:

  • Rent prices are also higher than many other U.S. cities, making purchasing often a better long-term investment for individuals with solid financial standing.

Quality of Life

• Outdoor and Lifestyle Opportunities:

  • Denver offers an exceptional array of outdoor activities and cultural experiences, enhancing the lifestyle for residents.
  • Proximity to the Rocky Mountains provides unique recreational options year-round.

• Work and Commute:

  • With a robust job market, employment opportunities are abundant in high-paying industries.
  • Traffic congestion can impact daily commuting times, although public transportation offers some relief.

Access to Healthcare

• Healthcare Quality:

  • Denver has high-quality healthcare facilities and a range of providers, contributing to high resident satisfaction in health services.
  • Healthcare costs are higher than the national average but are often covered by employer-sponsored health plans.

• Availability:

  • Specialists and advanced medical care are widely available, making it easier for residents to manage health conditions.

Quality of K-12 Schools

• Public Schools:

  • Denver's public school system offers a broad spectrum of quality, with some highly-rated schools and others requiring improvement.
  • Access to excellent education often influences residential choices, making certain neighborhoods more desirable.