Housing costs in Denver?
A typical home costs
$578,200, which is 71.0% more expensive than the national average of
$338,100 and 9.7% more expensive than the average Colorado home, at
$527,200. Renting a two-bedroom unit in Denver costs
$1,630 per month, which is 1.2% cheaper than the national average of
$1,650 and 14.1% cheaper than the state average of
$1,860.
Can I afford Denver?
To live comfortably in Denver (zip 80222), Colorado, a minimum annual income of
$110,880 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Denver?
The cost of living in 80222 Denver, CO is relatively high compared to other parts of the US. The median household income is $60,096 and the average home price is just over $400,000. Rent prices tend to be on the higher side with a median rent of around $1,900 for a one-bedroom and even higher for larger units. Groceries are also more expensive than national averages due to the area’s popularity. Additionally, taxes are slightly higher than the nation's average due to Colorado's state tax rate which ranges from 4-7%. Transportation costs can also be high depending on how far away you live from your job or commute destinations. All in all, living in 80222 Denver, CO can be quite costly but it's worth it when you take into consideration its rich culture and diverse neighborhoods.