Cost of Living in Denver, CO
| Cost of Living in Denver, CO | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 7% higher | 22% higher |
| Utilities (Monthly) | 1% lower | 11% lower |
| Food | 2% lower | 2% higher |
| Healthcare | 8% higher | 13% higher |
| Transportation | 3% higher | 3% lower |
| Goods & Services | 8% higher | 10% higher |
The cost of living in Denver, CO is 5% higher than the state average and 9% higher than the national average. Denver, CO housing is 22% more expensive than the U.S average, while utilities are about 11% 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 10% more .
Healthcare services such as doctor check-ups and dentistry cost 13% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 10% 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 $1,887, while home prices circle around $658,871.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Denver, energy bills cost around $171.23 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 $4.55 in Denver, a dozen eggs go for around $3.73 and a pound of potatoes circles around $4.46.
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 $152.59, while a dentist appointment is priced $144.75 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.09 in Denver, while getting your tires balanced will run you about $64.26.
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 $27.58 here. Meanwhile, a pair of women's slacks will set you back around $37.12.
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 $15.70 a month. When it comes to personal services, a haircut usually goes for $30.41, while dry cleaning costs about $19.11.
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 $91,681.