Quality of Life in Denver, CO on a $166,090 Salary

Living in Denver, Colorado, with a salary of $166,090 can provide a comfortable lifestyle, though living costs and other factors can influence the overall quality of life. Here's an in-depth look at several key aspects:

Cost of Living

• Higher than National Average:

  • Denver's cost of living is approximately 12% higher than the national average.
  • Key expenses such as groceries, transportation, and utilities typically cost more in Denver compared to other U.S. cities.

• Discretionary Income:

  • A $166,090 salary provides room for discretionary spending after taking care of basic costs, allowing for savings, investments, and leisure activities.

Housing Market

• Expensive Housing:

  • Median home prices in Denver are around 50% higher than the national average.
  • The housing market is competitive, with a need for a substantial down payment and financial readiness.

• Rental Market:

  • Rent prices can also be steep, averaging higher than many other U.S. cities, making buying a more appealing long-term option for many residents at this income level.

Quality of Life

• Outdoor Recreation:

  • With proximity to the Rocky Mountains, residents enjoy a high quality of life with easy access to hiking, skiing, and other outdoor activities.
  • Denver’s parks, vibrant cultural scene, and numerous restaurants contribute to a fulfilling lifestyle.

• Urban Environment:

  • Urban amenities include diverse dining options, cultural events, and a lively nightlife, appealing to various interests and age groups.

Access to Healthcare

• Robust Healthcare Infrastructure:
  • Denver offers an excellent healthcare system with renowned hospitals and a broad range of specialists.
  • Health insurance costs are in line with or slightly above national averages, a manageable expense with the given salary.

Quality of K-12 Schools

• Diverse Options:

  • Denver provides various public, charter, and private school options, catering to different educational needs.
  • Public schools have varying performance metrics, so choosing a school district that aligns with educational priorities can be crucial.

• Educational Investments:

  • The city has made deliberate investments in improving educational facilities and resources.

Summary

Living in Denver with an income of $166,090 allows for a generally positive quality of life despite a higher cost of living and a