Quality of Life in Denver, CO on a $193,800 Salary

Cost of Living

• Overall Living Costs: Denver’s cost of living is higher than the national average. This encompasses housing, groceries, healthcare, and transportation.
• Housing Impact: Housing significantly affects this rating, with real estate prices being one of the largest contributors to the elevated cost of living.

Housing Market

• Average Home Price: As of recent data, the average home price in Denver is above the national average, reflecting its popularity and demand.
• Renting vs. Buying: While renting may provide a temporary solution, rental prices are also high, often making it challenging to save for a down payment.

Quality of Life

• Income vs. Expenses: A $193,800 salary places one comfortably above the median household income, allowing for a relatively high quality of life.
• Lifestyle and Amenities: Denver offers a robust array of recreational activities, cultural hotspots, and dining experiences. Proximity to the Rocky Mountains enhances opportunities for outdoor activities.

Access to Healthcare

• Healthcare Quality: Denver boasts high-quality healthcare facilities with numerous hospitals and specialist clinics throughout the city.
• Cost of Healthcare: The cost is higher compared to national averages but often correlates with the quality and accessibility of services offered.

Quality of K-12 Schools

• Public School System: Denver has a mix of highly-rated and average public schools. School quality can vary significantly between neighborhoods.
• Private and Charter Schools: There is a strong presence of private and charter schools, offering more educational options for families willing to invest in tuition.

Summary

For someone earning $193,800 per year, Denver offers a desirable lifestyle despite its higher-than-average cost of living and home prices. The city's strengths include a vibrant urban and outdoor recreation scene, reputable healthcare facilities, and diverse educational opportunities. However, the high cost associated with living and housing may require careful financial planning to maintain a comfortable quality of life.