Cost of Living in Denver, CO
| Cost of Living in Denver, CO | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 12% higher | 36% higher |
| Utilities (Monthly) | 5% lower | 13% lower |
| Food | 4% lower | 3% lower |
| Healthcare | 1% lower | 1% lower |
| Transportation | 5% higher | 2% higher |
| Goods & Services | 6% higher | 7% higher |
The cost of living in Denver, CO is 5% higher than the state average and 11% higher than the national average. Denver, CO housing is 36% more expensive than the U.S average, while utilities are about 13% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 7% more in Denver, CO than in the rest of the country, while clothing costs around 7% more .
Healthcare services such as doctor check-ups and dentistry cost 1% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 7% 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 $1,663, while home prices circle around $643,195.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Denver, energy bills cost around $139.95 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 $2.73 in Denver, a dozen eggs go for around $2.74 and a pound of potatoes circles around $2.91.
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 $115.97, while a dentist appointment is priced $120.16 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $3.68 in Denver, while getting your tires balanced will run you about $62.27.
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 $34.27 here. Meanwhile, a pair of women's slacks will set you back around $36.98.
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 $14.23 a month. When it comes to personal services, a haircut usually goes for $25.69, while dry cleaning costs about $17.14.
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 $85,853.