Quality of Life in Denver, CO on a $247,605 Annual Salary
Cost of Living
- Above National Average: Denver's cost of living is generally higher than the national average.
- Key Expenses:
- Housing: Significant contributor to higher costs.
- Transportation: Moderate, but influenced by public transport options and car dependency.
- Groceries & Dining: Slightly higher prices in local markets and restaurants.
- Utilities: Relatively stable, close to national average.
Housing Market
- Median Home Price: Higher than national average, often exceeding $600,000.
- Rental Market: Also elevated, with high demand pushing up rental prices.
- Homeownership Feasibility:
- With a salary of $247,605, purchasing a home is feasible, though competitive.
- Ability to secure homes in desirable neighborhoods is better compared to national averages.
Quality of Life
- Lifestyle and Amenities:
- Outdoor Activities: Proximity to the Rockies offers abundant recreational options.
- Cultural Scene: Vibrant arts, music, and dining experiences available.
- Climate: Mild, with ample sunny days, but with the possibility of snowfall in winter.
- Job Market: Strong job market, especially in tech, healthcare, and energy sectors.
Access to Healthcare
- Healthcare Facilities: Access to high-quality hospitals and clinics.
- Healthcare Costs: Above average, but insurance often offsets expenses for those with high-paying jobs.
- Specialized Services: Availability of specialized care and cutting-edge medical research facilities.
Quality of K-12 Schools
- Public Schools: Offers some highly-rated schools, though quality can vary by neighborhood.
- Private Education: Diverse options available; tends to be costly but affordable for this income bracket.
- Extra-Curricular Programs: Strong emphasis on sports, arts, and community involvement.
Summary
Living in Denver, CO, on an annual salary of $247,605 generally provides a robust quality of life compared to many areas across the United States. The elevated cost of living, driven largely by housing expenses, can be comfortably managed with this income, affording individuals access to vibrant lifestyle choices, quality healthcare, and competitive educational opportunities for children. Despite higher overall expenses, the benefits of living in a dynamic, culturally rich, and naturally beautiful city make Denver a highly attractive option for those earning in this bracket
