Quality of Life in Denver, CO for a $204,000 Annual Salary

Cost of Living

• Comparison to National Average:
  • Denver's cost of living is approximately 12% higher than the national average.
  • Key expenses such as groceries, utilities, and transportation are marginally higher.
• Income Sufficiency:
  • With a $204,000 salary, individuals can maintain a comfortable lifestyle, covering both essentials and discretionary spending.

Housing Market

• Home Prices:
  • The median home price in Denver is significantly higher than the national average.
  • As of the latest data, home prices in Denver hover around $600,000.
• Affordability:
  • A $204,000 income provides the financial flexibility to purchase a home in desirable neighborhoods or consider luxury rentals.

Quality of Life

• Lifestyle Considerations:
  • Denver boasts a vibrant cultural scene, with numerous restaurants, entertainment options, and outdoor activities.
  • The city's proximity to the Rocky Mountains provides ample opportunities for weekend getaways and recreational activities.

Access to Healthcare

• Healthcare Quality:
  • Denver is home to numerous high-quality medical facilities and specialized healthcare providers.
  • Residents generally enjoy good access to healthcare services, although healthcare costs can be higher than the national average.

Quality of K-12 Schools

• Public Education System:
  • Denver's public schools are mixed, with some highly rated schools alongside others that are underperforming.
  • There are strong options for private and charter schools, offering alternatives for family education planning.

Summary

An individual earning $204,000 in Denver can enjoy a high quality of life, albeit with some considerations due to the city's elevated cost of living and housing prices. The income allows for a stable and comfortable lifestyle with excellent access to cultural, recreational, and healthcare amenities. However, housing costs are a significant factor, often necessitating careful budgeting or choosing more affordable neighborhoods. With a strong public and private education system, families have access to quality educational opportunities, contributing positively to the overall quality of life in the city.