United StatesCOL Index: 108Cost Level: Moderate
Cost of Living in Denver, CO (2026)
Planning to live in Denver, CO? Our personalized calculator shows YOUR actual cost of living - not generic averages. Denver, CO has a moderate cost of living with a COL index of 108 (8% higher than the national average). Average 1BR rent: ~$1,512/mo. Total monthly expenses: ~$3,780 for a balanced lifestyle. Recommended salary: $86,400/year.
Est. 1BR Rent
$1,512
/month
Est. Monthly Total
$3,780
balanced lifestyle
Recommended Salary
$86,400
/year gross
vs National Avg
+8%
more expensive
Choose Your City
Quick Lifestyle Presets
Choose a lifestyle profile or customize below
Customize Your Lifestyle
Adjust each category to match how you actually live
Your Lifestyle Cost in Denver, CO
Monthly Cost
$3,239
Yearly Cost
$38,868
Recommended Salary
$97,200
gross/year
To comfortably afford this lifestyle, you'd need $97,200/year gross salary (housing at 30% of take-home). Minimum: $72,900/year (housing at 40%).
8% Above Average
Denver costs 8% more than the US national average
COL Index
108
100 = Average
Spending Breakdown
Total$3,239/month
Housing53%
Utilities & Bills18%
Food13%
Lifestyle11%
Transportation5%
Biggest Cost Drivers
Where most of your money goes
#1
Housing
$1,701/mo • 53% of budget
#2
Utilities & Bills
$599/mo • 18% of budget
Money-saving tip: Housing is your biggest expense at 53% of spending.
Affordability & Risk Assessment
Score: 25/100
High financial risk — consider lifestyle changes
Financial Health ScoreHigh Risk
🏠
High Rent Burden
53%
Rent consumes 53% of your total expenses — very housing-heavy budget.
💡 Consider a roommate, smaller apartment, or more affordable neighborhood.
🔒
High Fixed Costs
71%
71% of your budget is fixed — leaves little room for emergencies.
💡 Reduce fixed expenses to create more financial flexibility.
💰
Healthy Savings Rate
43%
43% potential savings rate — great for building wealth!
Rent % of Budget
53%
Target: <35%
Fixed Costs
71%
Target: <50%
Savings Potential
43%
Target: >20%
6-Mo Emergency Fund
$19,434
~8 months to save
Risk assessment based on financial planning best practices. Consult a financial advisor for personalized advice.
Salary Negotiation Insights
Use these numbers when negotiating job offers or relocations
To maintain your lifestyle in Denver, you need:
$97,200/year
≈ $47/hour (40 hrs/week)
+8% vs national average💬 Use These in Negotiations
Job Offer Response
“Based on the cost of living in Denver, I would need a minimum of $97,200 to maintain my current standard of living.”
Relocation Negotiation
“Moving to Denver requires a salary adjustment of +8% compared to the national average to maintain equivalent purchasing power.”
📊 Salary Tiers for Denver
Tight Budget
$72,900
$35/hr
Recommended
$97,200
$47/hr
Comfortable
$121,500
$58/hr
Luxury
$155,520
$75/hr
🔄 If You're Relocating
Moving TO Denver: Your salary needs to increase by $7,200 (8%) compared to what you'd earn in an average-cost city.
In a Cheaper City (COL 85)
$76,500
$20,700 less needed
Denver (COL 108)
$97,200
Your target
In an Expensive City (COL 130)
$117,000
$19,800 more needed
📋 For HR/Recruiters: These figures are based on actual cost-of-living data for Denver. Use the Recommended Salary ($97,200) as a benchmark for competitive compensation packages.
Category Comparison
Housing$1,701 (53%)
Utilities & Bills$599 (18%)
Food$437 (13%)
Lifestyle$356 (11%)
Transportation$146 (5%)
Detailed Monthly Breakdown
Rent/Housing
$1,701⚡Utilities
$140🥗Groceries
$243Dining Out
$124Coffee
$70Public Transport
$92🚗Rideshare
$54Gym
$32Streaming
$62Travel Fund
$100Shopping
$162🏥Healthcare
$302📱Phone
$75📶Internet
$82What If? Lifestyle Tuning
Click to apply changes. Click again to revert.
Total Potential Savings
$1,313/mo
= $15,756/year
Pro tip: The biggest savings usually come from housing decisions. Getting a roommate or downsizing can save more than cutting all small expenses combined!
About Living in Denver
Tap to expand each section
- COL Index 108 - near national average
- Average 1BR rent: $1,512/mo | Studio: $1,210/mo
- Good balance of affordability and job opportunities
- Recommended salary: $86,400/yr gross
- More housing options at various price points
- Car ownership often practical and affordable
- Neighborhoods vary 20-40% in cost - research Denver's different areas
- Try our "Frugal" preset to see minimum costs: ~$2,457/mo
- Luxury lifestyle in Denver: ~$5,670/mo
- Compare Denver with other cities using our side-by-side tool
- Factor in CO income tax when calculating take-home pay
- Denver's affordability allows more lifestyle flexibility
The cost of living in Denver, CO varies by lifestyle. For a "Balanced" lifestyle in a 1BR apartment, expect around $3,780/month ($45,360/year). This includes: rent (~$1,512), utilities (~$108), groceries (~$432), transportation (~$216), and lifestyle expenses. A frugal lifestyle can reduce this to ~$2,457/month.
To live comfortably in Denver, CO with housing at 30% of take-home pay (the recommended guideline), you need approximately $86,400/year gross salary for a 1BR apartment with a balanced lifestyle. Minimum salary (housing at 40%): $64,800/year. For a 2BR or premium neighborhood, plan for $112,320-$129,600/year.
Denver has a moderate cost of living with a COL index of 108 (100 = national average). This means costs are about 8% higher than the US/Canada average. Housing is typically the biggest factor. Monthly expenses range from $2,457 (frugal) to $5,670 (luxury).
Average rent in Denver, CO (2026): Studio: ~$1,210/mo | 1BR: ~$1,512/mo | 2BR: ~$1,966/mo. Budget neighborhoods are 20-25% cheaper, while premium/trendy areas add 30-40% to these averages. Having a roommate in a 2BR often costs less than renting a studio alone.
Having a roommate in Denver, CO saves approximately 45% on housing costs (~$680/month). While Denver is relatively affordable, a roommate still saves ~$8,165/year which can go toward savings or lifestyle. You'll also split utilities, internet, and household costs.
Denver's Cost of Living (COL) Index is 108, where 100 represents the national average. This means living in Denver is 8% higher than the national average. The index accounts for housing, groceries, utilities, transportation, and healthcare costs compared to other cities.
Living in Denver on $51,840/year would be challenging but possible with a frugal lifestyle. You'd need: a roommate or studio apartment, limited dining out, cooking at home, and minimal discretionary spending. Our calculator's "Frugal" preset shows expenses around $2,457/month. We recommend at least $64,800/year for basic comfort.
Denver's livability depends on your priorities. With a COL index of 108, it's moderate cost-wise. Moderate costs provide a good balance of affordability and amenities. Use our calculator to see if YOUR lifestyle fits your budget in Denver.
Before moving to Denver, save at least: 3x monthly rent ($4,536) for first month, deposit, and last month + moving costs ($500-2,000) + 3-month emergency fund ($11,340). Total recommended: $17,376-$23,168. More if you need to furnish from scratch.
Our Denver data comes from:
C2ER Cost of Living IndexBureau of Labor StatisticsZillow ResearchCOL Index: 108 (100 = national avg). Updated quarterly.
Key Highlights for Denver
COL Index 108 - near national average
Average 1BR rent: $1,512/mo | Studio: $1,210/mo
Good balance of affordability and job opportunities
Recommended salary: $86,400/yr gross
More housing options at various price points
Car ownership often practical and affordable
Tips for Living in Denver
Neighborhoods vary 20-40% in cost - research Denver's different areas
Try our "Frugal" preset to see minimum costs: ~$2,457/mo
Luxury lifestyle in Denver: ~$5,670/mo
Compare Denver with other cities using our side-by-side tool
Factor in CO income tax when calculating take-home pay
Denver's affordability allows more lifestyle flexibility
Frequently Asked Questions About Denver, CO
The cost of living in Denver, CO varies by lifestyle. For a "Balanced" lifestyle in a 1BR apartment, expect around $3,780/month ($45,360/year). This includes: rent (~$1,512), utilities (~$108), groceries (~$432), transportation (~$216), and lifestyle expenses. A frugal lifestyle can reduce this to ~$2,457/month.
To live comfortably in Denver, CO with housing at 30% of take-home pay (the recommended guideline), you need approximately $86,400/year gross salary for a 1BR apartment with a balanced lifestyle. Minimum salary (housing at 40%): $64,800/year. For a 2BR or premium neighborhood, plan for $112,320-$129,600/year.
Denver has a moderate cost of living with a COL index of 108 (100 = national average). This means costs are about 8% higher than the US/Canada average. Housing is typically the biggest factor. Monthly expenses range from $2,457 (frugal) to $5,670 (luxury).
Average rent in Denver, CO (2026): Studio: ~$1,210/mo | 1BR: ~$1,512/mo | 2BR: ~$1,966/mo. Budget neighborhoods are 20-25% cheaper, while premium/trendy areas add 30-40% to these averages. Having a roommate in a 2BR often costs less than renting a studio alone.
Having a roommate in Denver, CO saves approximately 45% on housing costs (~$680/month). While Denver is relatively affordable, a roommate still saves ~$8,165/year which can go toward savings or lifestyle. You'll also split utilities, internet, and household costs.
Denver's Cost of Living (COL) Index is 108, where 100 represents the national average. This means living in Denver is 8% higher than the national average. The index accounts for housing, groceries, utilities, transportation, and healthcare costs compared to other cities.
Living in Denver on $51,840/year would be challenging but possible with a frugal lifestyle. You'd need: a roommate or studio apartment, limited dining out, cooking at home, and minimal discretionary spending. Our calculator's "Frugal" preset shows expenses around $2,457/month. We recommend at least $64,800/year for basic comfort.
Denver's livability depends on your priorities. With a COL index of 108, it's moderate cost-wise. Moderate costs provide a good balance of affordability and amenities. Use our calculator to see if YOUR lifestyle fits your budget in Denver.
Before moving to Denver, save at least: 3x monthly rent ($4,536) for first month, deposit, and last month + moving costs ($500-2,000) + 3-month emergency fund ($11,340). Total recommended: $17,376-$23,168. More if you need to furnish from scratch.
Compare With Other US Cities
See how Denver compares to other cities
Data Sources for Denver
Our cost estimates are based on authoritative data sources
C2ER Cost of Living IndexOfficial COL benchmarks
Bureau of Labor StatisticsConsumer Price Index
Zillow ResearchRent & housing data
NumbeoGlobal COL database
Methodology: Denver's COL Index (108) is calculated using a weighted average approach similar to C2ER COLI, where 100 = national average. Data updated quarterly. See Sources for more.
Disclaimer: Cost estimates for Denver, CO are based on typical costs and cost-of-living indices. Actual costs vary by neighborhood, lifestyle choices, and market conditions. Use this as a planning guide.