Quality of Life for a $202,640 Income in Denver, CO
With an annual income of $202,640, an individual or household in Denver, CO, can enjoy a relatively high quality of life. This income level places them well above the median household income in both Denver and the broader United States, allowing for a comfortable lifestyle. Below is an analysis of various aspects, including cost of living, housing, healthcare, and education.
Cost of Living
- General Expenses: The cost of living in Denver is higher than the national average, primarily due to housing, transportation, and healthcare costs. However, with a $202,640 income, managing these expenses becomes largely feasible.
- Groceries and Dining: While grocery and dining prices align with national averages, the income level allows for choices in premium goods and frequent dining experiences.
- Utilities and Transportation: Utilities are moderately priced, but the transportation costs can add up due to commuting or vehicle maintenance. Nevertheless, these are manageable within this income bracket.
Housing Market
- Home Prices: Denver's housing market is notably competitive. Median home prices are above the national average, but a high income facilitates purchasing a comfortable home or investing in real estate.
- Rental Options: Renting in desirable neighborhoods remains an option, with luxury apartments and homes available. High income provides the flexibility to choose prime locations.
Quality of Life
- Career and Work-Life Balance: Denver presents numerous job opportunities in sectors such as technology, healthcare, and finance. The income level supports pursuing passions and maintaining a balanced lifestyle.
- Outdoor and Recreational Activities: Access to the Rocky Mountains and numerous parks enhances recreational opportunities, perfect for outdoor enthusiasts.
Access to Healthcare
- Healthcare Facilities: Denver boasts excellent healthcare facilities and services, with numerous hospitals and specialty clinics. High income allows access to premium health services and comprehensive insurance policies.
- Insurance and Costs: Healthcare costs are slightly above average, but adequate insurance coverage can mitigate out-of-pocket expenses.
Quality of K-12 Schools
- Public Schools: The Denver Public School system offers diverse options, although there may be variance in quality. Higher salary affords choices in living areas with top-rated public schools.
- Private and Charter Schools: Many highly regarded private and charter schools are accessible, providing additional academic options for families with this income.
Summary of Assessment
An annual salary of $202,640
