Denver, CO is an amazing city for those looking to rent an apartment or house. On average, a two bedroom in Denver costs $1,910 per month—far above the national average of $1,430. Additionally, grocery costs are higher than the national average by a small amount with Denver’s index at 102 compared to 100 in the rest of the country. Despite this, many people still move to this city due to its lively culture and thriving economy that offers many job opportunities from local companies such as DaVita Inc., Molson Coors Brewing Company, Dish Network Corporation and Chipotle Mexican Grill Inc. Living in Denver offers a great combination of affordability and exciting attractions that make it a desirable place to live for all types of people.
Denver has an unemployment rate of 7.1%. The US average is 6.0%.
Denver has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 45.0%, which is higher than the US average of 33.5%.
Tax Rates for Denver
- The Sales Tax Rate for Denver is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Denver is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Denver
- The average income of a Denver resident is $34,423 a year. The US average is $28,555 a year.
- The Median household income of a Denver resident is $78,177 a year. The US average is $69,021 a year.