If you’re moving to Denver, rest assured that you’ve already made one great decision. Denver is rich in natural beauty and history, and welcomes newcomers from all over with open minds and hearts. There’s opportunity here for all who have succumbed to the call to head west. Read on to learn more about the cost of living, and how to make your move completely stress free.
Cost of Living in Denver
Compared to Manhattan, Chicago, San Francisco, and Miami — Denver’s rent prices are relatively affordable. In January 2019, the average rent price for a two bedroom was $1,850. In Q1 of 2019, the average household income was around $60,626 – signifying that wages are appropriately adjusted for cost of living.
The general cost of living in Denver is 12% higher than the national average. But for comparison, New York’s cost of living is 129% higher than the national average. So you’re getting a lot of bang for your buck by living in Denver.
Employers are aware of rising living expenses within Denver city limits and most gauge their starting salaries accordingly. Employees with less than a year’s experience in their field can still expect to earn an average salary of $51,446. Plus, there are plenty of job prospects in and around Denver. Plus, 35% of companies plan to expand and hire more employees in the next quarter.
Renting in Denver
Because of the increased desirability of living in Denver, apartment buildings have sprung up overnight. Competition among these buildings is high and the need to attract favorable tenants is beneficial to new residents looking to rent. Many buildings offer deals like 1st month free, free parking, or waived security deposit.
In addition to low move in fees, luxury amenities are being offered at reasonable price-points. State-of-the-art gyms, decadent pools, pet grooming stations, mountain bike rentals, and concierge services are all common.
Denver’s distinctive neighborhoods are varied and unique. Taking the time to research each neighborhood will ensure that you have the best opportunity to make friends, succeed professionally, and explore what interests you. Check out our neighborhood guide to narrow down your search, and read our “Inside Scoop” for a better feel of what to expect when living in Denver.
Want help finding a new place in Denver?
With AptAmigo you get a friend in the process. We’ve got a team of locals dedicated to helping you pick a neighborhood, set and stay within budget, and find your dream apartment with ease. If you aren’t able to visit before you move, we’ll help you pick a list of options and tour them in your place, taking photos and videos for you! Denver is a fantastic place to live for so many reasons. Call AptAmigo and we can help you search, tour, and secure a place— all before you even start packing!