Cost of Living in Denver, CO
|Cost of Living in Denver, CO||Compared to State Average||Compared to National Average|
|Housing (Buy and Rent)||20% higher||40% higher|
|Utilities (Monthly)||8% lower||20% lower|
|Food||6% lower||5% lower|
|Healthcare||3% higher||2% higher|
|Transportation||5% higher||12% higher|
|Goods & Services||9% higher||13% higher|
The cost of living in Denver, CO is 8% higher than the state average and 14% higher than the national average. Denver, CO housing is 40% more expensive than the U.S average, while utilities are about 20% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 13% more in Denver, CO than in the rest of the country, while clothing costs around 13% more .
Healthcare services such as doctor check-ups and dentistry cost 2% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 13% pricier in Denver, CO.
Housing (Buy and Rent)
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 $1,879, while home prices circle around $548,642.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Denver, energy bills cost around $108.63 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 $1.76 in Denver, a dozen eggs go for around $1.47 and a pound of potatoes circles around $2.71.
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 $107.35, while a dentist appointment is priced $108.03 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.55 in Denver, while getting your tires balanced will run you about $58.56.
Goods & Services
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 $33.07 here. Meanwhile, a pair of women's slacks will set you back around $29.40.
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 $13.60 a month. When it comes to personal services, a haircut usually goes for $23.08, while dry cleaning costs about $15.91.
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 $72,661.