Living in Denver, CO on $195,500 Per Year
Living in Denver, CO with an annual salary of $195,500 offers a relatively comfortable lifestyle compared to many other parts of the United States. Below, we break down the various aspects of life in Denver for someone earning this income level, considering cost of living, housing, healthcare, education, and overall quality of life.
Cost of Living
- General Overview: Denver's cost of living is higher than the national average.
- Goods and Services: Dining out, groceries, and transportation costs are somewhat elevated but manageable with this income.
- Utilities: Energy costs are generally reasonable, with moderate seasonal fluctuations.
Housing Market
- Home Prices:
- The median home price in Denver significantly exceeds the national median, driven by demand in a desirable urban area.
- A salary of $195,500 allows for comfortable home ownership, though housing costs will consume a considerable portion of the budget.
- Rental Market:
- Rental prices are higher than the national average, yet affordable for this income level if buying is not preferred.
Quality of Life
- Outdoor Activities: Proximity to the Rocky Mountains offers abundant recreational opportunities such as hiking, skiing, and cycling.
- Cultural Scene: Denver boasts a vibrant arts and culture environment with museums, theaters, and music venues.
Access to Healthcare
- Healthcare Quality: The city provides access to quality healthcare facilities, with hospitals and clinics known for high standards of care.
- Insurance and Costs: With a strong salary, maintaining comprehensive health insurance is feasible, providing financial security in case of health emergencies.
Quality of K-12 Schools
- Public Education: Denver Public Schools have a range of performance levels, with some high-performing schools and others needing improvement.
- Private Education: A number of reputable private and charter schools are available, providing more options for families willing to invest in education.
Summary
Earning $195,500 annually in Denver, CO offers a quality lifestyle with access to diverse amenities, good healthcare, and educational opportunities. While the cost of living and housing prices are above the national average, this income provides sufficient financial flexibility to enjoy the many benefits Denver has to offer.
