Cost of Living in Denver, CO
| Cost of Living in Denver, CO | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 8% higher | 20% higher |
| Utilities (Monthly) | 2% higher | 13% lower |
| Food | 0% | 2% higher |
| Healthcare | 9% higher | 17% higher |
| Transportation | 3% lower | 4% lower |
| Goods & Services | 3% higher | 12% higher |
The cost of living in Denver, CO is 4% higher than the state average and 10% higher than the national average. Denver, CO housing is 20% more expensive than the U.S average, while utilities are about 13% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 2% pricier in Denver, CO than in the rest of the country, while clothing costs around 12% more .
Healthcare services such as doctor check-ups and dentistry cost 17% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 12% pricier in Denver, CO.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Denver is $1,922, while home prices circle around $665,372.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Denver, energy bills cost around $175.11 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.71 in Denver, a dozen eggs go for around $3.96 and a pound of potatoes circles around $5.12.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Denver, an optometry check-up costs around $198.88, while a dentist appointment is priced $143.82 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.86 in Denver, while getting your tires balanced will run you about $63.99.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $35.68 here. Meanwhile, a pair of women's slacks will set you back around $45.67.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Denver, you should budget around $17.71 a month. When it comes to personal services, a haircut usually goes for $31.83, while dry cleaning costs about $20.65.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Denver, the median household income is $94,718.