Quality of Life in Denver, CO for High-Income Earners

Income Context

• With an annual salary of $628,320, this income is significantly higher than the average household income both in Denver and nationally.
• In 2023, the median household income in Denver is around $80,000, making this individual stand out in terms of earnings.

Cost of Living

• General Costs: The cost of living in Denver is approximately 12% higher than the national average.

  • Groceries and dining out tend to be more expensive than in many other parts of the country.
  • Utility costs are relatively moderate, but transportation may incur higher costs due to fuel and public transport prices.

• Luxury and Discretionary Spending: With this income, individuals can comfortably afford high-quality leisure activities, travel, and dining experiences.

Housing Market

• Current Market Trends: The median home price in Denver is around $600,000, which is higher than the national median home price of approximately $400,000.
• Home Purchasing Power: With this salary, purchasing high-end properties or investing in real estate is feasible.
  • Affordability: Even luxury homes and properties in prime locations within the city are accessible.

Quality of Life

• Lifestyle: Residents can enjoy a balance of urban amenities and outdoor activities, with Denver being known for its vibrant culture and proximity to the Rockies.
• Work-Life Balance: The high income enables access to a variety of recreational activities, contributing to a potentially high quality of life even in this relatively expensive city.

Access to Healthcare

• Healthcare Facilities: Denver offers excellent healthcare services, with numerous top-rated hospitals and clinics.
• Insurance and Costs: High earnings facilitate access to premium health insurance plans, ensuring comprehensive medical coverage.

Quality of K-12 Schools

• Public Schools: Denver public schools vary in quality, but there are several highly rated schools within the metropolitan area.
• Private and Charter Schools: Options for high-quality private and charter schools are abundant. This income allows for the consideration of prestigious private education if desired.

Summary

Individuals earning $628,320 annually in Denver, CO, enjoy a robust quality of life. They can comfortably navigate the higher cost of living, invest in premium real estate, and access top-tier healthcare and education. Their high income not only ensures financial security but also provides the freedom to