Quality of Life in Denver, CO for an Individual Earning $217,175 Annually

Overview

Earning $217,175 per year places an individual well above the average income level both in Denver and nationally. This substantial income supports a higher quality of life relative to many residents in the area.

Cost of Living

• General Costs: The cost of living in Denver is approximately 12-15% higher than the national average. This includes higher prices for goods, services, and utilities.
• Transportation: The cost of transportation in Denver is comparable to other major urban areas, with options for public transit and biking available.
• Groceries: Prices are moderately elevated, but the variety and availability are excellent due to the city's size and diversity.

Housing Market

• Housing Costs: The median home price in Denver significantly exceeds the national median, reflecting the city's desirability and economic growth. As of the latest data, the median home price is over $600,000.
• Affordability: With an annual salary of $217,175, an individual can comfortably afford a median-priced home without exceeding recommended income-to-housing expense ratios.
• Renting vs. Buying: Both renting and buying are feasible, but ownership could offer long-term financial benefits due to Denver's appreciating housing market.

Quality of Life

• Outdoor Activities: The proximity to the Rocky Mountains offers unprecedented access to outdoor recreational activities, including hiking, skiing, and biking.
• Cultural and Social Life: Denver boasts a thriving arts scene, diverse dining options, and numerous breweries, providing vibrant social and cultural opportunities.
• Climate: The city enjoys over 300 days of sunshine per year, with mild winters and distinct, comfortable seasons.

Access to Healthcare

• Healthcare Quality: Denver has a robust healthcare system with numerous facilities and specialists. The city is home to several top-rated hospitals and medical centers.
• Cost and Accessibility: Healthcare costs are slightly above average, but the access to high-quality care makes it a city known for excellent medical services.

Quality of K-12 Schools

• Public Education: Denver Public Schools offer a broad range of educational opportunities, though quality can vary significantly between neighborhoods.
• Private Schools: There is a good selection of private and charter schools, providing parents with options for personalized and advanced education.
• Higher Education Facilities: Denver