Quality of Life Assessment for a Resident in Denver, CO with an Annual Income of $229,415

Overview

Living in Denver, Colorado, with an annual income of $229,415 offers a comfortable lifestyle relative to the city's cost of living and housing market. This income places an individual well above the median income levels, allowing for a high standard of living even as expenses continue to rise.

Cost of Living

• General Expenses: Denver's cost of living is higher than the national average. This includes everyday expenses such as groceries, transportation, and utilities.
• Comparison to U.S. Median: While costs in Denver are typically about 12% more than the national average, a salary of $229,415 is considerable and covers these expenses easily.
• Discretionary Spending: This income allows for ample discretionary spending, covering dining, entertainment, and leisure activities.

Housing Market

• Home Prices: The median home price in Denver is significantly above the national median, driven by demand and economic growth in the area.
• Affordability for Income Level: A salary of $229,415 provides substantial purchasing power in the Denver housing market, making mid to high-range properties affordable.
• Investment Opportunity: Homeownership can also be seen as a sound investment, given Denver's continuously appreciating property values.

Quality of Life

• Outdoor Recreation: Denver offers excellent quality of life with easy access to outdoor activities including hiking, skiing, and mountain biking.
• Cultural Amenities: The city also boasts a vibrant arts and culture scene, with numerous museums, theaters, and music venues.
• Urban Conveniences: High-end shopping, dining, and entertainment options are plentiful throughout the metro area.

Access to Healthcare

• Healthcare Quality: Denver has a high standard of healthcare services with numerous hospitals and specialized medical facilities.
• Insurance Coverage: With a salary of $229,415, individuals can afford comprehensive health insurance plans, ensuring access to premium healthcare services.

Quality of K-12 Schools

• School Systems: Denver Public Schools offer quality education, with numerous public, charter, and private school options.
• Performance and Ratings: Many schools in the Denver area are highly rated, providing strong educational outcomes and varied extracurricular opportunities.

Summary

• Individuals with an annual income of $229,415 in Denver enjoy a high quality of life, characterized by excellent