Quick facts: Denver, CO

Quick Facts

110.3
Cost of Living
above US average
713,252
Population
8.36
Crime Rate per 1000
below US average
$85,853
Median Income
above US average
$589,000
Median House Price
above US average
$2874.18
Average Rent
above US average
14%
Poverty Rate
above US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $85,853.

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Income Needed to Buy

βœ— Stretch
$185k/year
Based on $589,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $185k vs median $85,853
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Income Needed to Rent

⚠ Stretch
$123k/year
Based on $2874.18/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $123k vs median $85,853
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Denver, CO

Denver, the capital city of Colorado, is known for its vibrant culture, stunning mountain views, and thriving economy. Nestled at the foot of the Rocky Mountains, Denver enjoys abundant sunshine and a varied landscape, making it an attractive destination for outdoor enthusiasts. The city boasts a rich history, with landmarks like the historic Union Station and the Colorado State Capitol. Denver's diverse neighborhoods each offer unique experiences, from the artsy atmosphere of the River North Art District (RiNo) to the trendy shops and cafes of LoDo (Lower Downtown). The city is home to numerous parks, including the expansive City Park and Washington Park, where locals enjoy recreational activities year-round. The Denver Arts Complex is a hub for culture, hosting the Denver Center for the Performing Arts and several museums. Additionally, the city's culinary scene has gained acclaim, featuring a mix of traditional Colorado fare and innovative cuisine. With a growing economy and a population that values both community and innovation, Denver continues to attract new residents and visitors alike. Whether you’re exploring the outdoors or enjoying urban amenities, Denver offers a dynamic lifestyle.

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