Quality of Life in Denver, CO for a High-Income Earner

Income Overview

• Annual salary: $223,550
• Significantly above both the average U.S. household income and Denver’s median household income

Cost of Living

• Overall Cost Index:
  • Denver's cost of living index is higher than the national average.
• Groceries and Transportation:
  • Prices are moderately above national averages.
• Utilities and Services:
  • Costs are relatively comparable to the national average but can fluctuate.

Housing Market

• Average Home Price:
  • As of 2023, the median home price is significantly higher than the national average.
• Housing Affordability:
  • With a high income, purchasing a home is feasible, but the market is competitive.
• Rental Market:
  • High rental costs; however, they are manageable with this income.

Quality of Life

• Recreational Opportunities:
  • Access to outdoor activities and natural beauty (Rocky Mountains, parks, etc.)
  • Vibrant cultural scene with museums, music venues, and sports arenas.
• Community and Environment:
  • Diverse and active community life.
  • Clean air and emphasis on environmental sustainability.

Access to Healthcare

• Healthcare Facilities:
  • Renowned medical institutions and hospitals available.
• Healthcare Costs:
  • Higher-than-average healthcare expenses, but manageable with this income.

Quality of K-12 Schools

• Public Schools:
  • Generally well-rated, with a mix of performance levels across the city.
• Private and Charter Schools:
  • Numerous options available, offering diverse curriculums.
• Educational Investment:
  • Affords access to both public and private educational opportunities for children.

Assessment Summary

Living in Denver, CO, with an annual income of $223,550 generally provides a comfortable lifestyle despite the higher cost of living and housing prices. The city's diverse recreational opportunities, quality education systems, and excellent healthcare facilities enhance the quality of life. Access to a range of amenities combined with the scenic natural environment makes it an attractive place for high-income earners.