Quality of Life in Denver, CO with an Income of $174,420

Cost of Living

• Higher than the National Average: The cost of living in Denver is approximately 12% higher than the U.S. average, affecting housing, transportation, and groceries.
• Utilities and Healthcare: These tend to be in line with national averages, providing some balance against the higher costs in other areas.

Housing Market

• Median Home Price: As of late 2023, the median home price in Denver is around $600,000, which is significantly higher than the national median.
• Renting Options: Rent prices are also above the national average, with a typical one-bedroom apartment costing about $1,500 per month.
• Home Affordability: With an income of $174,420, purchasing a median-priced home is feasible but may require a prudent budget to balance other living expenses.

Quality of Life

• Outdoor Activities: Access to mountains and parks offers excellent recreational opportunities, contributing significantly to the quality of life.
• Cultural Richness: A vibrant arts scene and numerous cultural attractions ensure diverse entertainment options.
• Weather: Enjoys more than 300 sunny days per year, adding to the livability.

Access to Healthcare

• High-Quality Facilities: Denver hosts several top-rated hospitals and healthcare facilities, providing residents with excellent medical care.
• Cost of Healthcare: While healthcare is accessible, costs can be slightly higher than average.

K-12 Education

• Public Schools: Mixed performance across the district, with some schools ranking highly and others falling below average.
• Private School Options: A range of private institutions are available for families prioritizing quality education.

Summary of Assessment

With an income of $174,420, living in Denver, CO can provide a high quality of life, especially if outdoor activities and cultural amenities are prioritized. The higher cost of living necessitates careful budgeting, especially in relation to housing. Access to quality healthcare and education options further enhance the livability, although these also come at a premium compared to national averages. Overall, residents can enjoy a vibrant urban life balanced with natural beauty, assuming financial readiness for the area’s elevated costs.