How does Denver’s cost of living compare?
New arrivals to Denver have experienced a different Mile High City than our newcomers of just a decade ago.
August 28, 2019
- New arrivals to Denver—particularly the younger demographic—have experienced a different Mile High City than our newcomers of just a decade ago. Rising costs have driven Denver from any “least expensive U.S. places to live” lists. Still, compared to other cities (especially coastal metros), we remain a comparatively affordable option.
- Examining costs for a one-bedroom apartment, food, utilities, gas and internet, Denver and Aurora rank 20th and 26th, respectively, amongst these 30 cities for cost of living; both measure below the 30-city average. Unsurprisingly, San Francisco and New York top this list with monthly costs of living at or above $4,000—at nearly twice the cost of Denver-Aurora’s.
- Compared to the averages for these other 28 top metros, Denver-Aurora residents are paying slightly more for rent, food, and internet, while our gas and utilities costs are lower.
- As we continue to gain popularity and momentum—particularly among millennials and gen x-ers—as an emerging top-tier city, expect these costs to tick up further. Affordability challenges will remain a pain point over the near-term horizon.
Source: JLL Research, move.org