Quality of Life in Denver, CO with an Annual Income of $214,625

Cost of Living

• Higher than National Average: Denver's cost of living is notably above the national average. This typically includes higher expenses in housing, utilities, transportation, and groceries.
• Expense Categories:
  • Housing: Typically the most significant expense for residents, with prices substantially higher than the national average.
  • Utilities and Groceries: Generally more expensive compared to other cities but vary depending on personal habits and consumption patterns.
  • Transportation: Includes both public transit and personal vehicle expenses, potentially reducing disposable income slightly.

Housing Market

• Competitive and Pricey: The housing market in Denver is competitive, often with a limited inventory of homes.
• Average Home Prices: As of recent data, the median home price is significantly higher than the national median, reflecting demand and market competitiveness.
• Home Buying Power: With an income of $214,625, individuals have a strong purchasing power, allowing them to be competitive in the housing market despite high prices.

Quality of Life

• Outdoor Activities: Abundant outdoor recreational activities available, including hiking, skiing, and mountain biking, contributing to a high overall quality of life.
• Cultural and Social Scene: A vibrant arts and cultural scene provides diverse entertainment options, enhancing lifestyle quality.
• Work-Life Balance: Many employers in Denver value work-life balance, which can contribute positively to overall well-being.

Access to Healthcare

• Well-Established Healthcare System: Denver offers a well-established healthcare system with numerous hospitals and specialty centers.
• Healthcare Costs: Generally aligns with national averages for services, but the accessibility and quality contribute positively to resident satisfaction.

Quality of K-12 Schools

• Strong Education System: Denver boasts a mix of public and private schools, with several highly rated institutions providing quality education.
• Diverse Program Offerings: Schools offer a range of programs and extracurricular activities that cater to different interests and needs of students.

Summary Assessment

Living in Denver with an income of $214,625 provides a high quality of life relative to the cost of living. While the expenses, particularly in housing, are above average, the income allows for comfortable living, access to excellent healthcare, and quality education. The outdoor lifestyle and cultural offerings further enhance the overall living experience in the city.