Quality of Life in Denver, CO on a $214,030 Income
Living in Denver, Colorado on an income of $214,030 annually provides a comfortable lifestyle, positioning individuals well above the median salary, both locally and nationally. Here’s an analysis of how this income measures up relative to the cost of living, housing market, access to healthcare, and quality of K-12 schools compared to the broader United States.
Cost of Living
- Overall Expenses: Denver's cost of living is somewhat higher than the national average but manageable with a $214,030 income.
- Groceries and Dining: Food costs are slightly above average, with a rich variety of dining options.
- Transportation: Public transport and fuel prices align close to national averages, though traffic congestion can be an issue.
Housing Market
- Property Prices: The Denver housing market is competitive and home prices are significantly higher than the national average.
- Median home price in Denver: Over $600,000
- Affordability: With an annual income of $214,030, purchasing a home is feasible, though housing consumes a substantial portion of the budget.
Quality of Life
- Outdoor Lifestyle: Denver offers an excellent quality of life, characterized by access to vibrant cultural scenes and outdoor activities.
- Climate: Residents enjoy a semi-arid climate with over 300 sunny days per year.
- Cultural and Recreational Activities: There is a wealth of museums, parks, and recreational activities, enhancing lifestyle quality.
Access to Healthcare
- Healthcare Quality: Denver hosts some top-rated hospitals and healthcare facilities.
- Cost and Access: Healthcare costs are slightly above national averages, yet readily accessible with a high-income bracket.
Quality of K-12 Schools
- Education Standards: Denver's public school system offers varied quality, with several schools performing above state averages.
- Private Schools: Numerous quality private schools are available, though often come at a high cost.
Summary
Living in Denver with an income of $214,030 provides a high quality of life, allowing for significant participation in the housing market despite its competitiveness. Residents benefit from excellent outdoor and cultural activities, high-quality healthcare, and decent educational opportunities. While the cost of living is higher than the national average, the income bracket ensures a comfortable lifestyle with room for savings and discretionary spending.
