Buckley SFB

Cost of Living

You’re relocating to Denver; WELCOME! The city grew by more than 19% between 2010 and 2020, and the big-city energy combined with close proximity to the mountains continues to be attractive to new residents. As you start planning your move to Colorado, crunch the numbers.  Your monthly budget in the Mile High City will depend on a range of factors, including your neighborhood, housing situation, household size, and more. A single person may need $3,796 each month to cover housing, food, transportation, taxes and other necessities. For a family of four, that monthly figure jumps to $8,501 with childcare out in town as the largest line item in the budget. 

The Denver Metro area has a high cost of living: 18% higher than the national average. The median salary is $94,100.  As of Jan 2024, the National Association of Realtors data shows the median sales price for a single-family home in the Denver metro area is $583,000 (the national median price is $366,900.)  Townhomes in Denver are averaging $381,500. The median apartment rental in Denver is $2,095 per month.  Utility costs are below the national average, estimating a package of electricity, heating, water and garbage for a 915 sq. ft. apartment costs $145 and internet at $63.