Cost of Living Breakdown
The cost of living in Denver, CO is 28% higher than the national average. Here's how each category compares:
| Category | Index | vs National Avg |
|---|---|---|
| Overall | 128 | +28% |
| Housing | 155 | +55% |
| Groceries | 104 | +4% |
| Utilities | 99 | -1% |
| Transportation | 108 | +8% |
| Healthcare | 106 | +6% |
Housing Costs in Denver
Housing is typically the largest expense. In Denver, the housing index is 155 (national average = 100).
- Median home price: $580,000
- Median rent (1 bedroom): $1,750/month
- Median rent (2 bedrooms): $2,150/month
- Annual rent (1BR): $21,000/year
Housing in Denver is significantly more expensive than average. Consider our mortgage calculator to understand what you can afford.
How Much Do You Need to Earn in Denver?
To maintain the equivalent of a $50,000 salary at the national average cost of living, you would need to earn approximately $64,000 in Denver. The median household income of $78,177 translates to a monthly budget of approximately $6,515.
Groceries & Everyday Expenses
The grocery index in Denver is 104. Grocery prices are close to the national average.
Transportation & Utilities
Transportation costs sit at an index of 108, while utilities come in at 99. Transportation costs are reasonable compared to other major cities.
Healthcare
Healthcare costs in Denver are indexed at 106. Healthcare costs are close to or below the national average.
Compare to Colorado
See statewide salary and tax data on our average salary in Colorado page. Also see income data for this city on our average salary in Denver page.
Financial Tools
Use our free calculators to plan your finances in Denver:
- Mortgage Calculator — estimate your monthly home payment
- Home Affordability Calculator — see how much house you can afford
- Salary Calculator — convert hourly to annual pay
- Savings Goal Calculator — plan for your move or down payment