Cost of Living

Cost of living is the day to day expenses one would have to spend in a particular area in order to maintain a certain quality of living. Our report provides a detailed explanation of the typical costs of a family living in the city of Denver. The table below showcases the difference between Denver, Colorado and the country when it comes to various factors affecting the cost of living.

Denver Colorado USA Grocery 95.5 105.7 100 Health 96.4 105.7 100 Housing 225.6 192.1 100 Utilities 96.2 98.4 100 Transportation 134.3 118.9 100 Miscellaneous 102.8 100.2 100 Total 144.2 131.5 100



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Housing

Real Estate in Denver is expensive which is similar to most cities in Colorado. Home prices in the region have gone up by 7.6% with an expected increase of 5.7% by the end of the current year. These make properties in the city ideal for investors looking to invest on a long term basis. Families planning to move into Denver will have to expect house prices that are evaluated twice the national average. The median listing price of houses in the city is $465,000 while the median price of homes sold is $412,600. Price per square foot in Denver is $424. Home buyers looking for an affordable house and are willing to drive to and from the city can consider Aurora and Lakewood, both have an average price of $266 per square foot.

Utility Bills

Utility cost is the only factor where residents in Denver can expect to save some money. The city average is lower than the national average. Basic utility bills of families in Denver for a 900-square foot apartment is $128.45 while the national average is $159.24.

Food and Groceries

Food expenses in Denver is 4.5% lower than the national average where families can expect to save a good amount of money if they cook their own food at home. Dining out is quite expensive with meals costing about 33% higher than the national average.

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Transportation Costs

Public transportation in Denver, especially in the downtown area includes various bus routes and Lightrail. There are also bike-friendly and pedestrian-friendly areas providing residents with various options when getting around the city. A monthly service pass in the city costs around $79 with an express service costing up to $140 and a regional pass being $176. Car owners spend about $2.76 per gallon of gas which is about 5% higher than the national average.

Healthcare

Residents in Denver can expect to pay lower health bills in comparison to other parts of Colorado and some other cities in the country. A regular doctor's fee in the city ranges from $120 to $205. This is a lot cheaper compared to other cities such as Boston which costs $193 and Seattle for $189 per visit.

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If you would like to receive a FREE Competitive Market Analysis, contact me today. Let Me Help You Find Your Denver, CO Home! Click the link to find a complete list of Homes for Sale in Windstream Condominiums, Hampden South, Denver, CO. If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at 720-437-0224. ************************************************************************************

POSTED BY

Angela Covey

720-437-0224