Quality of Life in Denver, CO: A Salary Perspective
With a salary of $185,980 per year, an individual in Denver, CO can enjoy a comfortable lifestyle. Here's an assessment of the quality of life against the backdrop of the cost of living, the housing market, healthcare access, and educational quality relative to the broader United States.
Cost of Living
- Comparison to National Average:
- The cost of living in Denver is slightly above the national average. This includes higher prices for groceries, utilities, and transportation.
- Savings and Discretionary Spending:
- Despite the higher costs, a salary of $185,980 allows for substantial savings and discretionary spending.
Housing Market
- Median Home Prices:
- As of 2023, the median home price in Denver is higher than the national average, making it a competitive market for buyers.
- Affordability:
- With a higher-than-average salary, purchasing a home or renting in desirable neighborhoods remains affordable compared to the broader U.S. population.
Quality of Life
- Recreational Opportunities:
- Denver offers a vibrant cultural scene and access to outdoor activities given its proximity to the Rocky Mountains.
- Community and Lifestyle:
- The city is known for its friendly community, bustling downtown, and diverse dining options.
Access to Healthcare
- Healthcare Facilities:
- Denver provides a wide range of high-quality healthcare services with several top-rated hospitals and clinics.
- Insurance and Costs:
- With this salary range, most employer-provided health insurance plans should offer comprehensive coverage, though out-of-pocket costs may still vary.
Quality of K-12 Schools
- Public Schools:
- The Denver metropolitan area includes several highly rated school districts, particularly in suburbs like Cherry Creek and Boulder Valley.
- Private and Charter School Options:
- There are ample private and charter school options for families seeking alternative education models.
Summary
Overall, a person earning $185,980 per year in Denver, CO, can maintain a high standard of living with access to excellent healthcare and education. While the cost of living and housing prices are above the national average, the robust salary accommodates these expenses comfortably. Denver's combination of modern amenities and natural beauty makes it an attractive place to live for those with this income level.
