Is Denver One of the Cheapest Cities to Live in the United States?

Denver, Colorado is a great city to call home. The city has a lot to offer: plenty of outdoor activities, good job opportunities, and a high quality of life. But one question that tends to come up is “Is Denver one of the cheapest cities to live in the United States?”The answer to this question depends on a lot of different factors. It depends on the cost of living, what type of job you have, and what type of lifestyle you enjoy. So let’s take a deep dive into understanding Denver’s cost of living and what it can mean for residents.

Understanding Cost of Living in Denver

The cost of living in Denver can vary quite a bit depending on a variety of factors. For example, the cost of living index in Denver is higher than the national average, at 105.1 compared to the national average of 100. The index takes into account factors such as rent and housing costs, food costs, transportation prices, and utilities.When it comes to rent and housing costs, Denver’s median cost is $1,072 per month. That is higher than the national average of $992 per month. However, rent prices can vary drastically depending on location. Prices in some areas can be as much as $3,000 per month or higher. Food costs can also vary depending on what type of food you like to eat and where you purchase it from. Generally speaking, groceries are not too expensive in Denver, but dining out can be pricey. The average cost for dinner for two in Denver is around $50 and lunch for two can cost around $38. Transportation costs can also vary drastically. Public transport fares generally range from $2.60 for a one-way ticket to $13 for a one-day unlimited pass. For those who own cars, the average price of fuel is around $2.68 per gallon, which is lower than in many other states in the US. For utilities, electricity usually costs around $119 per month, while water prices tend to be around $25 per month. Natural gas prices are usually around $23 per month.

Other Factors To Consider When Evaluating Cost of Living in Denver

Of course, there are other factors to consider when evaluating whether Denver is an affordable location to live in. For example, Denver has higher taxes than most other US cities; an 8.4% state tax and a 5% local tax for individuals earning over $24,000 are particularly relevant here. Additionally, there are also some hidden costs, like registration fees for vehicles and payroll taxes which are all above average. Another factor to consider is the average salary in Denver. According to Movingsolutionsdenver.com, the median household income in Denver is $71,880 per year and the average salary for all jobs is around $52,060 per year. This means that while the cost of living in Denver is high compared to other US cities, salaries tend to be comparatively higher as well, which can help to balance the cost of living out a bit.

The Final Word: Is Denver One of the Cheapest Cities To Live In The United States?

Overall, while Denver is not one of the cheapest cities to live in, it certainly isn’t one of the most expensive either. The cost of living in Denver is higher than the US average, but this is balanced out by relatively cheaper housing costs and higher average salaries. Of course, everyone has different needs and requirements when it comes to their cost of living, so it’s important to really evaluate your own personal financial situation before making your decision about the best place to live in the United States.

Insider’s Guide to Denver: An Unexpected Travel Experience

Local Attractions

Denver is a city of hidden gems that only locals know about. While it’s always exciting to visit famous landmarks, it’s equally important to explore what lies off the beaten path. Head to the Denver Botanic Gardens and indulge in the colorful gardens, fountains, and serene Japanese garden. For a more unconventional experience, make your way to the International Church of Cannabis and gaze in wonder at the psychedelic murals covering its walls.

Dining Spots

Denver’s food culture is just as diverse and rich as the city itself. Dive into the city’s iconic green chili, served over anything and everything from burritos to fries at The Original Chubby’s or for smothered burritos head to Santiago’s. If you’re in the mood for something sweeter, hit up Voodoo Doughnuts. But if history is what piques your interest, then be sure to check out Buckhorn Exchange, Colorado’s oldest restaurant that has been serving up its famous Rocky Mountain Oysters since 1893.

Cultural Experiences

Denver is home to a diverse range of cultures, from the Native American tribes who have lived in the area for centuries to the new wave of millennials and creatives who call Denver home. Be sure to visit the Denver Art Museum, which captures the diversity of the city and the Rocky Mountain region. For a more immersive experience, attend the 15th Annual Denver American Indian Festival that celebrates the rich heritage and tradition of Native American culture.

Local History

Denver’s history goes beyond the stereotypical cowboy tales. Unravel the city’s unique past at the Molly Brown House Museum, which tells the story of Titanic survivor Margaret Brown’s life and her contributions to social reform. Or head to the Brown Palace Hotel, the place where Dwight D. Eisenhower celebrated his presidential campaigns and learn the history behind its stunning atrium and architecture.

Off-the-Beaten-Path Tips

Denver is a city of unexpected surprises, and you never know what you’ll come across when exploring. Take a ghost tour through the haunted streets of Denver and find out about the paranormal happenings throughout the city’s history. Also, check out the International Brotherhood of Electrical Workers No. 111 to see the IWW Mural, a stunning piece of art documenting the struggles of labor.

In conclusion, Denver might be one of the cheapest cities to live in the United States, but don’t let its affordability fool you; it’s a city packed with hidden treasures waiting to be discovered. From food to history to culture, Denver has something for everyone. Venture off the usual tourist map and experience the heart and soul of this vibrant and eclectic city.