Quality of Life in Denver, CO for an Individual Earning $224,400 per Year
Earning a salary of $224,400 annually places an individual well above the median household income in Denver, Colorado, affording a comfortable lifestyle. Below is a detailed assessment comparing this financial standing in Denver to the broader situation across the United States.
Cost of Living
- Higher than National Average: Denver's cost of living is about 12% higher than the national average, largely driven by housing, transportation, and healthcare costs.
- Budget Allocation:
- Housing: Significant, given the elevated market prices.
- Transportation and Utilities: Higher, influenced by both demand and geographic factors.
- Groceries and Dining: Slightly above the national rates, reflecting a diverse and vibrant food scene.
Housing Market
- Home Prices: Median home prices in Denver are significantly above the national average, often exceeding $600,000.
- Affordability: With an income of $224,400, purchasing a home remains feasible, though potentially more expensive than in many other regions.
- Renter's Market: Rental rates are similarly high, with luxury apartment listings catering to higher earners.
Quality of Life
- Lifestyle and Amenities: Denver offers a rich urban lifestyle with ample access to outdoor recreation, cultural institutions, and dining options.
- Economic Stability: The city's economy is robust, bolstered by industries such as technology, healthcare, and energy.
Access to Healthcare
- Quality Facilities: Denver hosts numerous high-quality hospitals and healthcare facilities, ranking well both state-wise and nationally.
- Cost: Healthcare costs rank higher than the national level, though offset by superior access and choice.
Quality of K-12 Schools
- Public Schools: Denver has a diverse mix of high-performing public and charter schools.
- Private Education Options: A variety of private institutions are available, catering to different educational philosophies and cultural values.
- Performance Statistics: Generally reflect favorable results compared to state and national averages.
Summary of Assessment
Living in Denver, CO, at a salary of $224,400 per year allows an individual to enjoy a high quality of life characterized by access to diverse amenities, good healthcare, and quality education. Despite a higher-than-average cost of living and housing market, the financial standing provides comfort and stability in this thriving
