Quality of Life in Denver, CO with a $187,000 Salary

Cost of Living

• Above National Average: The cost of living in Denver is higher than the national average, primarily due to housing and transportation costs.
• Expenses to Consider:
  • Housing: Housing is notably more expensive, contributing significantly to the overall cost of living.
  • Transportation: Costs are higher than the U.S. average, with gasoline prices and public transportation fees adding up.
  • Utilities and Groceries: Slightly above average, consistent with other metropolitan areas.

Housing Market

• Higher Home Prices: The median home price in Denver is significantly above the national average, driven by high demand and limited inventory.
• Rentals: Rental costs are also high, reflecting the competitive housing market.
• Market Trends: Steady appreciation in home values, making it a competitive market for both buyers and renters.

Quality of Life

• Recreational Opportunities: Abundant outdoor activities with access to the Rocky Mountains, parks, and recreational facilities.
• Cultural Scene: Rich cultural life with museums, galleries, theaters, and music venues.
• Work-Life Balance: Generally favorable, with ample opportunities for career growth especially in industries like tech, aerospace, and healthcare.

Access to Healthcare

• High-Quality Facilities: Denver is home to several top-rated hospitals and healthcare facilities.
• Healthcare Costs: While healthcare quality is high, costs can be above the national average, contributing to the overall higher cost of living.

Quality of K-12 Schools

• Variety of School Options: A mix of public, private, and charter schools provide diverse educational options.
• Education Quality: Many schools in the Denver area receive above-average ratings in terms of graduation rates and test scores.
• Community Support: Strong community involvement in education enhances the quality and resources available to students.

Summary of Assessment

Living in Denver on a $187,000 annual salary offers a comfortable lifestyle, but it's crucial to manage finances effectively due to the higher cost of living and housing. Residents enjoy a wealth of recreational and cultural opportunities, alongside access to excellent healthcare and schooling, making Denver an attractive option for those seeking both career and personal growth amid a vibrant community.