Quality of Life in Denver, CO for an Individual Earning $207,145 Annually

An annual income of $207,145 positions an individual in Denver, CO, above the national median household income, allowing for a potentially comfortable lifestyle. Here is an analysis of how this income compares to Denver's cost of living, housing market, and more, relative to the broader United States:

Cost of Living

• Higher Than National Average:
  Denver's cost of living is generally above the national average. Higher costs are typically associated with housing and transportation, leading to an increased overall expense.

• Key Factors Influencing Costs:

  • Transportation: Managing transportation costs is important, although Denver offers public transit, biking, and walkable neighborhoods as alternatives to reduce expenses.
  • Utilities and Groceries: These are slightly above the national average but manageable within this income bracket.

Housing Market

• Comparatively High Home Prices:
  Denver has a competitive housing market with home prices significantly above the national average due to high demand and limited inventory.

• Home Price Indicators:

  • Median Home Price: As of late 2023, the median home price in Denver hovers around $650,000, compared to the national median of approximately $450,000.
  • Affordability: With a $207,145 income, buying a home in Denver is feasible, yet requires strategic financial planning given the high median prices.

Quality of Life

• Vibrant Lifestyle:
  Denver offers a vibrant lifestyle with access to outdoor activities, cultural events, and a thriving downtown area.

• Outdoor and Cultural Access:

  • Proximity to the Rocky Mountains offers numerous recreational opportunities, including hiking, skiing, and snowboarding.
  • A rich cultural scene with museums, theaters, and a variety of restaurants enhances the city's appeal.

Access to Healthcare

• Quality Healthcare System:
  Denver provides access to high-quality healthcare facilities and professionals.

• Healthcare Costs: Similar to other major metropolitan areas, healthcare costs may be higher but are facilitated by well-established city medical institutions.

Quality of K-12 Schools

• Educational Opportunities:
  Denver has a mix of public and private educational institutions, with several schools offering excellent K-12 education.

• School Performance:

  • Public schools vary in performance, with many schools in affluent neighborhoods performing particularly well.
  • Access to a