Denver

Denver, Colorado is a mid-size city with a population of approximately 716,577. The overall cost of living index sits at 113, which is above the national average of 100. This means everyday expenses — housing, groceries, transportation, and healthcare — are roughly 13% more expensive compared to the typical U.S. city.

Housing is the largest cost driver in Denver. Median rent is $1,818 per month, while the median home price is $530,920. At a median household income of $91,681, rent consumes roughly 24% of gross income, which remains manageable relative to local incomes. The housing sub-index of 133 highlights significantly elevated shelter costs.

Beyond housing, healthcare is the most elevated non-shelter expense in Denver with a sub-index of 117, while utilities is comparatively more affordable at 104. State-level taxes also shape the true cost of living: Colorado applies a 4.40% income tax rate, and property tax averages 0.49% of assessed home value. The combined sales tax rate is 7.81%. Local income tax may apply in some municipalities.

Over the past twelve months, the cost of living in Denver has remained relatively stable. Among the 11 tracked cities in Colorado, Denver ranks #6 from most to least affordable. Whether you're evaluating a job offer, planning a relocation, or comparing salary purchasing power, these numbers give a grounded, data-backed view of what life in Denver actually costs.