Quality of Life in Denver, CO on a $183,940 Annual Salary
Overview
Living in Denver, Colorado, on a salary of $183,940 offers a relatively high quality of life in comparison to many areas across the United States. Below is an assessment of how this income level measures up against the local cost of living, housing market, and access to essential services such as healthcare and education.
Cost of Living
- General Cost: Denver's cost of living is slightly higher than the national average.
- Housing, Utilities, and Goods: These factors contribute to the increased expenses; however, a salary of $183,940 provides a significant buffer to comfortably cover these costs.
- Transport and Food: Public transportation is available but owning a vehicle is common. Dining and grocery expenses are also above average but manageable with this income.
Housing Market
- Home Prices: The median home price in Denver is higher than the national average, contributing significantly to living expenses.
- Affordability: A salary of $183,940 allows for access to desirable neighborhoods and larger homes, which may be unaffordable for those on a median income.
- Rental Market: If homeownership is not an immediate goal, the rental market is robust but also pricey, with this salary supporting comfortable rental options in good locations.
Quality of Life
- Outdoor Lifestyle: Denver offers a wealth of outdoor activities and a vibrant cultural scene, appealing to various lifestyle preferences.
- Work-Life Balance: The city generally supports a balanced lifestyle, with ample recreational opportunities and cultural events.
Access to Healthcare
- Quality: Denver is home to several high-quality healthcare facilities and specialists.
- Affordability: With a high salary, accessing private healthcare options or top-tier insurance plans is more feasible, ensuring excellent healthcare coverage.
Quality of K-12 Schools
- Public Schools: Many of Denver's public schools rate above average and offer diverse programs.
- Private Education: Income levels support the choice of private schooling, should families prefer alternative educational routes for their children.
Summary
Living in Denver, CO on a $183,940 annual salary allows for a high standard of living. Though the cost of living, particularly in housing, is elevated compared to the national average, this income supports a lifestyle that can include homeownership in desirable areas, excellent healthcare, and access to good educational resources
