Quality of Life in Denver, CO on a $176,205 Salary

Cost of Living

• Comparatively Higher Cost than National Average: Denver's cost of living is approximately 12% higher than the national average.
• Expenses Breakdown:
  • Groceries: Moderate increase compared to the national average.
  • Utilities: Slightly above average due to fluctuating energy costs.
  • Transportation: Cost-effective with efficient public transit options.

Housing Market

• Median Home Prices: As of recent data, Denver's median home price hovers around $600,000, significantly above the national median.
• Renting vs. Owning:
  • Renting is also higher than the national average, but still a viable option due to less upfront cost compared to home ownership.
• Investment Potential: Denver's robust housing market can offer good equity returns over time.

Quality of Life

• Outdoor and Recreational Activities:
  • Proximity to the Rocky Mountains offers year-round outdoor activities like hiking, skiing, and biking.
• Cultural Scene:
  • Rich arts and culture scene with numerous galleries, theaters, and live music venues.
• Dining and Shopping:
  • Diverse dining options with a variety of cuisines and local breweries.
  • Plenty of retail choices ranging from local boutiques to major shopping malls.

Access to Healthcare

• Medical Facilities:
  • Several top-rated hospitals and healthcare institutions.
• Average Healthcare Costs: Generally higher than the national average.
• Insurance:
  • Employers often provide comprehensive health insurance, mitigating some out-of-pocket expenses.

Quality of K-12 Schools

• Public and Private Options:
  • High-ranking public schools with a variety of specialized programs.
  • Numerous private and charter schools offering alternative education methods.
• Extracurricular Opportunities: Extensive offerings in sports, arts, and STEM clubs.

Assessment of Life in Denver

With a salary of $176,205, an individual in Denver can enjoy a comfortable lifestyle. While the cost of living and housing market are more expensive compared to much of the U.S., the city's high quality of life, diverse recreational activities, and robust job market provide a great balance. Access to top healthcare facilities and strong educational institutions enhance the overall appeal of living in Denver, making it a desirable location for many individuals and families.