Quality of Life in Denver, CO on a $174,505 Salary

Overview of Cost of Living

• Higher than Average Costs: Denver's cost of living is above the national average, driven by housing, transportation, and miscellaneous goods.
• Relative Affordability: With a salary of $174,505, an individual can maintain a comfortable lifestyle despite higher costs.

Housing Market

• Median Home Price: As of the latest data, Denver’s median home price is significantly higher than the national median. This makes home ownership more challenging but attainable on this salary.
• Renting vs. Buying: Renting can be a viable alternative while saving for a down payment, offering flexibility amid fluctuating housing prices.

Quality of Life

• Outdoor Recreation: Denver offers excellent access to outdoor activities with nearby mountains and parks, enhancing leisure and recreation options.
• Cultural and Social Opportunities: The city is vibrant with museums, theaters, and a lively food scene, contributing to a well-rounded lifestyle.

Access to Healthcare

• Quality Healthcare System: Denver provides residents with access to a wide range of healthcare facilities and specialists, making quality healthcare accessible.
• Insurance and Affordability: Given the income level, affording health insurance and out-of-pocket medical expenses is manageable.

Quality of K-12 Schools

• Educational Opportunities: Denver boasts a mix of highly rated public and private schools, offering strong academic programs for children.
• School Choice: Parents can choose from various educational settings, including charter and magnet schools, to fit their children's needs.

Overall Assessment

Living in Denver with an income of $174,505 affords a high quality of life due to the combination of outdoor recreation, cultural amenities, and healthcare access. The major financial consideration remains the higher housing market costs, but this salary allows for comfort and options in this vibrant city.