Quality of Life in Denver, CO for an Income of $239,530

Living in Denver, CO with an annual income of $239,530 allows for a comfortable lifestyle, though it is important to consider the local cost of living and housing market in comparison to the broader United States. Below is an assessment of various factors contributing to the quality of life in Denver.

Cost of Living

• Overall Cost:

  • The cost of living in Denver is approximately 12-15% higher than the national average.
  • This encompasses expenses such as groceries, transportation, utilities, and healthcare.

• Discretionary Spending:

  • Higher disposable income allows for leisure and entertainment pursuits.
  • Denver's vibrant cultural scene and outdoor activities offer numerous opportunities for discretionary spending.

Housing Market

• Median Home Price:

  • As of recent figures, the median home price in Denver is around $580,000.
  • This is significantly higher than the national median, reflecting a competitive housing market.

• Housing Affordability:

  • With an income like $239,530, buying a home in Denver is feasible, though more of one's income will need to be allocated toward housing compared to the national average.

• Renting vs Buying:

  • The rental market remains strong, with average rent prices also above the national average.
  • With the provided income, both renting and buying are viable options, but may require financial planning.

Quality of Life

• Lifestyle and Recreation:

  • Access to world-class outdoor recreation, including skiing, hiking, and biking.
  • Vibrant arts and cultural scene, with numerous festivals, concerts, and events.

• Work-life Balance:

  • Strong employment opportunities in various sectors like technology, healthcare, and energy.
  • Many residents enjoy a work-life balance that includes access to outdoor and urban amenities.

Access to Healthcare

• Healthcare Quality:

  • Denver boasts several top-ranked hospitals and health care facilities.
  • Access to healthcare professionals and specialists is generally good.

• Healthcare Costs:

  • Health insurance premiums and out-of-pocket expenses are generally aligned with national averages but can vary widely.

Quality of K-12 Schools

• Public Education:

  • Denver Public Schools offer a range of educational programs, though quality can vary by neighborhood.
  • Notably strong magnet and charter schools available.