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.
- 1-2 Beds
- 1 Bath
- 675 - 950 Sq.Ft.
Spyglass Creek
7100 E Mississippi Ave., Denver, CO 80224
- 1-2 Beds
- 1-2 Baths
- 535 - 1,277 Sq.Ft.
Ashley Union Station
1850 Chestnut Place, Denver, CO 80202.jpg?width=350&quality=80)
- Studio-2 Beds
- 1-2 Baths
- 310 - 950 Sq.Ft.
Monaco Lakes
6165 E Illiff Ave, Denver, CO 80222
- 1-3 Beds
- 1-3 Baths
- 692 - 1,423 Sq.Ft.
Villages At Curtis Park
2855 Arapahoe Street, Denver, CO 80205&cropxunits=300&cropyunits=200&width=350&quality=80)
- Studio-2 Beds
- 1-2 Baths
- 606 - 1,337 Sq.Ft.
One Observatory Park
2360 E. Evans Avenue, Denver, CO 80210
- Studio-3 Beds
- 1-2 Baths
- 561 - 1,778 Sq.Ft.
Platt Park By Windsor
99 E Arizona Ave, Denver, CO 80210
- 1-2 Beds
- 1-2 Baths
- 585 - 1,385 Sq.Ft.
Luxe At Mile High
3200 W Colfax Ave, Denver, CO 80204
Utilities (Monthly)
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
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.
Healthcare
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
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.
Income
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.