Quality of Life in Denver, CO with an Annual Income of $124,355

Overview of Cost of Living

• Cost Index: The cost of living in Denver is approximately 12% higher than the national average.
• Expenses: Expenses such as groceries, utilities, and transportation tend to be above the national norm but are often offset by higher median household incomes.
• Balance: With an income of $124,355, residents can generally maintain a comfortable lifestyle, accounting for essential expenses and some discretionary spending.

Housing Market

• Home Prices: The median home price in Denver is significantly higher than the national median, with averages often exceeding $600,000.
• Affordability: Given the annual income, purchasing a home might stretch finances without a substantial down payment or dual-income household.
• Rental Market: Rent may be more affordable relative to purchasing, with averages between $1,500 and $2,000 for a two-bedroom apartment, though, still above the national average.

Quality of Life

• Outdoor Activities: Denver offers access to numerous outdoor recreational activities, including hiking, skiing, and mountain biking, contributing to a high quality of life for outdoor enthusiasts.
• Cultural Scene: The city has a vibrant arts scene, with numerous museums, theaters, and live music venues.
• Work-Life Balance: Many employers in the area prioritize work-life balance, which can enhance one's lifestyle.

Access to Healthcare

• Healthcare Quality: Denver has several top-rated hospitals and a wide variety of healthcare providers.
• Healthcare Costs: Healthcare costs in Denver are slightly above the national average, but quality of service is generally high.
• Health Insurance: It is advisable to have a robust health insurance plan to cover potential out-of-pocket expenses.

Quality of K-12 Schools

• School Districts: Denver is home to some highly-rated public and private schools, though quality can vary significantly between districts.
• Education Options: There are numerous specialized charter and magnet schools offering diverse curricula.
• Costs for Private Education: Private schools are available but come with higher tuition fees, adding to living expenses.

Summary

Living in Denver, CO, with an income of $124,355 allows for a good quality of life, with ample opportunities for outdoor recreation and cultural experiences, despite higher-than-average living costs. The housing market may present challenges