Quality of Life in Denver, CO for a High Earner
A yearly income of $190,485 in Denver, CO offers a comfortable lifestyle, considering the city’s cost of living, housing market, access to healthcare, and quality of K-12 schools.
Cost of Living
- Higher than National Average: Denver's overall cost of living is significantly higher compared to many parts of the United States.
- Major Contributors:
- Housing costs
- Transportation
- Food and groceries
- Utilities and Services: These are slightly above the national average but reasonable within Colorado's economic landscape.
Housing Market
- Median Home Price: Approximately $600,000, which is notably high.
- Housing Affordability: With a $190,485 annual income, managing mortgage payments is feasible but may consume a substantial portion of the budget.
- Renting vs. Buying: Renting might be a more viable option for those not looking to immediately invest in homeownership.
Quality of Life
- Recreational Opportunities: Abundant access to outdoor activities, such as hiking, skiing, and biking.
- Cultural and Social Amenities: A vibrant arts scene, numerous music festivals, and diverse dining options.
- Work-Life Balance: High-income individuals can afford services like housekeeping and dining out, providing more leisure time.
Access to Healthcare
- Health Services Availability: Considered excellent, with a range of hospitals and specialized clinics.
- Healthcare Costs: Higher costs relative to wages, but manageable with employer-provided health insurance.
Quality of K-12 Schools
- Public Schools: Generally receive average to high ratings, with variability depending on the neighborhood.
- Private School Options: Excellent private and charter school choices, often at a premium.
Summary of Assessment
With an income of $190,485 in Denver, an individual can enjoy a high quality of life, though they need to be mindful of high living costs, especially housing. Access to quality healthcare and education, plus a vibrant lifestyle and recreational environment, make Denver an attractive location for well-compensated professionals.
