Denver, CO Cost Of Living
Cost Of Living In Denver, CO Summary
Cost of living in Denver research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Denver is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Colorado, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Denver is 116, with 100 being the average.
The cost of living index in Denver is 1.2x higher than the national average.
Denver ranks as the #67 cheapest in Colorado out of 111.
Denver ranks as the #4,558 cheapest out of 6,412 in the US.
The median home value in Denver is $459,100.
The median income in Denver is $78,177.
Table Of Contents
Denver's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Denver, CO?
According to the most recent data on the cost of living, Denver has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Colorado, Denver has a cost of living index that's 1.1x higher than Colorado's index of 104.
The standard of living in Denver ranks as #67 most affordable out of the 111 places we measured in Colorado. By definition, that implies Denver ranks as the #44 most expensive place in the Centennial State.
For more reading on life in Denver, check out:
- Living In Denver
- Denver Crime Report
- Search Homes For Sale In Denver, CO
In Colorado
In America
Denver Cost Of Living Vs. Colorado
Six factors go into calculating the cost of living index in Denver. Here is how it fairs on each of the criteria:
The Services index in Denver is 114.
The Groceries index in Denver is 93.
The Health index in Denver is 99.
The Housing index in Denver is 142.
The Transportation index in Denver is 115.
The Utilities index in Denver is 80.
| Living Expense | Denver | Colorado | National Average | |
|---|---|---|---|---|
| Overall | 116 | 104 | 100 | |
| Services | 114 | 102 | 100 | |
| Groceries | 93 | 99 | 100 | |
| Health | 99 | 100 | 100 | |
| Housing | 142 | 116 | 100 | |
| Transportation | 115 | 104 | 100 | |
| Utilities | 80 | 90 | 100 | |
Denver, CO Housing Cost Breakdown
Housing swings affordability the most between places in Colorado, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Denver is $459,100.
The Median Rent in Denver is $1,495.
The Median Income in Denver is $78,177.
The Home Value To Income in Denver is 5.9x.
The Rent To Monthly Income in Denver is 0.23x.
| Statistic | Denver | Colorado | United States |
|---|---|---|---|
| Median Home Value | $459,100 | $397,500 | $244,900 |
| Median Rent | $1,495 | $1,437 | $1,163 |
| Median Income | $78,177 | $80,184 | $69,021 |
| Home Value To Income | 5.9x | 5.0x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Denver, CO Costs By Category
Detailed Denver Services Costs Vs. Colorado
Detailed Denver Groceries Costs Vs. Colorado
Detailed Denver Health Costs Vs. Colorado
Detailed Denver Transportation Costs Vs. Colorado
Detailed Denver Utilities Costs Vs. Colorado
Denver SnackAbility
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Cost Of Living In Cities Around Denver
The cost of living varies in the cities and towns around Denver. Here's a quick look at the cost of living in the most populous nearby places:
Aurora, CO has a cost of living index of 108, 0.9x Denver.
Brighton, CO has a cost of living index of 103, 0.9x Denver.
Englewood, CO has a cost of living index of 111, 1.0x Denver.
| City | Population | Cost Of Living | Vs. Denver |
|---|---|---|---|
| Aurora, CO | 383,496 | 108 | 0.9x |
| Brighton, CO | 39,895 | 103 | 0.9x |
| Englewood, CO | 33,500 | 111 | 1.0x |
| Sherrelwood, CO | 20,069 | 98 | 0.8x |
| Welby, CO | 16,260 | 97 | 0.8x |
| Federal Heights, CO | 14,111 | 80 | 0.7x |
| Berkley, CO | 10,920 | 99 | 0.9x |
| Derby, CO | 8,995 | 93 | 0.8x |
| Commerce, GA | 7,213 | 83 | 0.7x |
| Sheridan, CO | 6,090 | 102 | 0.9x |
