Cost of Living in Denver, CO
Denver has a cost of living index of 128 (100 = national average), making it significantly more expensive than the national average. The median household income is $78,177 and the median home price is $560,000.
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Denver at a Glance
Population
713,252
Cost of Living Index
128
Median Income
$78,177
Median Home Price
$560,000
Property Tax Rate
0.55%
Sales Tax Rate
8.77%
Rent Index
130
State
Colorado
Living in Denver
Denver is one of the more expensive cities in the United States. Housing costs are a major factor, with the median home price at $560,000. However, the median household income of $78,177 partially offsets the higher costs.
The combined sales tax rate in Denver is 8.77%, and the effective property tax rate is 0.55%. Property taxes are relatively low compared to the national average.