The Truth About Cost of Living in Denver, Colorado 2025! Watch Before Moving! Are you thinking of moving to Denver, Colorado? It's not just about the mountains and craft breweries—understanding the cost of living can make or break your relocation decision. Denver's expenses span beyond the national average, impacting housing, utilities, dining, and more. In today's video, let's break down Denver's financial landscape to help you gauge whether the Mile High City is the right fit for you and your budget.
🔍 Key Highlights:
⭐ Denver's cost of living is around 6.8% higher than the national average, with housing costs significantly contributing.
⭐ The average home price is $549,000, higher than the national average, while rent is around $2,100 monthly.
⭐ Utilities are generally lower than the national average, costing about $170 monthly. Gas and electric costs are 28% and 41% less, respectively, but vary by season.
⭐ Groceries and Dining Out: Groceries for a family of four costs $1,400–$1,800 monthly. Dining out varies widely, with fast food around $15 per person and high-end dining around $150 per family of four.
⭐ Gas prices are slightly below the national average. Public transit options are available but not as extensive as in larger cities, so cars are more common.
⭐ Denver offers high-quality healthcare facilities, but healthcare costs are higher than average, around $7,300 annually per person.
⭐ Outdoor activities are popular and available year-round. Gym memberships range from $15 for basic gyms to $150 for boutique fitness studios.
⭐ Childcare costs are high, averaging $1,300–$2,000 per child per month, with options like nanny shares available to reduce costs.
⭐ Areas like Littleton, Cherry Creek, and Boulder Valley offer quality schools but have higher housing costs, while more affordable neighborhoods include Morrison and Evergreen.
BONUS:
Popular Rental Areas: Recommended areas for renters include LoHi, RiNo, Wash Park, and Platte Park, with urban and family-friendly options close to downtown Denver.
Denver offers something for everyone, but weighing these costs carefully is crucial to determine if this thriving city aligns with your budget and lifestyle. Whether it's proximity to outdoor activities, top-notch schools, or Denver's unique neighborhood charm, careful planning ensures you'll enjoy all the city has to offer without breaking the bank.
Watch the FULL video to learn more! For more videos about what it's like living in Denver, or if you're interested in the housing market in Denver, Colorado, don't hesitate to reach out! Like this content? Hit the LIKE and SUBSCRIBE buttons for more!
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We're a veteran-owned, top-rated independent mortgage brokerage based in Colorado, specializing in mortgage planning and home financing. Our mission is to empower you to build wealth through real estate.
With a focus on the Denver housing market, we provide expert advice and education on mortgage loans, buying a house in Denver, real estate financing, and navigating the complexities of homeownership. Whether you're a first-time home buyer, interested in house hacking, or delving into real estate investing, our storytelling approach will guide you through every step of the process.
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RAY WILLIAMS
Mortgage Maestro Group (NMLS #1838215)
🏢 387 N, Corona St #646, Denver, CO 80218
📞 (303) 779-0591
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