Cost of Living in Denver

Colorado · Population: 718,877 · Updated 2026

Average
Cost Index
105.8
100 = US avg
Median Income
$95K
Annual household
Median Rent
$1,831/mo
2-bedroom unit
Rent Burden
23%
Income to rent ratio
Cost Category Breakdown

Indexed to national average (100)

Housing107.7
Groceries321.9
Utilities100.0
Transportation343.7
Healthcare100.0
Economic Details
Median Home Value$616K
State Income Tax4.4%
Unemployment Rate3.6%
Est. Net Income$91K/yr
Affordability Score
97
out of 100
Above national average cost
Salary Converter for Denver

See what salary you'd need in another city to match your purchasing power in Denver.

$75,000

About Denver

Denver sits at the foot of the Rocky Mountains and has evolved into a major tech and aerospace hub. Outdoor recreation opportunities are unmatched, though housing costs have risen significantly in recent years.

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Frequently Asked Questions

Is Denver expensive?

Denver has a cost of living index of 105.8, where 100 represents the national average. This is close to the national average.

What salary do you need to live comfortably in Denver?

Based on a rent-to-income ratio of 30%, you'd need at least $73,240 to afford the median 2-bedroom apartment in Denver and maintain basic expenses.

What is the median rent in Denver?

The median 2-bedroom rent in Denver is $1,831 per month, according to HUD Fair Market Rent data.