The Denver Case · Cost of living · Updated October 2026

What it costs to live in Denver

Denver costs less to live in than Boston, Seattle, San Diego and SF Bay Area. Rents have stopped climbing, and the property tax bill is among the lowest anywhere. Overall prices run 105.8 on a scale where the U.S. average is 100.

0.47%
Property tax rate
#2 of 13 metros
Source: Tax Foundation
−2.3%
Typical rent since Sept 2024
Source: Zillow Observed Rent Index
105.8
Cost of living
Lower than Boston, Seattle, San Diego and SF Bay Area
Source: U.S. Bureau of Economic Analysis
4.4%
Top income tax rate
Flat rate, lower than Salt Lake City, Boston, Minneapolis, Portland, SF Bay Area and San Diego
Source: Tax Foundation

How Denver's prices compare

The Bureau of Economic Analysis prices the same basket of goods, services and housing in every metro. Denver comes in at 105.8, below Boston, Seattle, San Diego and SF Bay Area.

Overall cost of living

BEA Regional Price Parity, U.S. = 100 · Metro · 2024 (final metro release)
Denver: #9 of 13 · lower is better
Nashville
96.3
Charlotte
97.3
Austin
98.1
Raleigh
98.2
U.S.
100.0
Salt Lake City
100.9
Phoenix
103.3
Minneapolis
104.8
Portland
105.4
Denver
105.8
Boston
108.3
Seattle
111.1
San Diego
111.9
SF Bay Area
115.6

Are Denver rents going down?

Yes, a little. A wave of new apartments opened in Denver over the last few years, and the typical asking rent has been flat to falling since. It's now about $1,900 a month, close to the national typical rent of $1,932.

Typical asking rent

Zillow Observed Rent Index, per month · Metro · September 2026
Denver: #9 of 13 · lower is better
Austin
$1,603
Salt Lake City
$1,644
Raleigh
$1,669
Phoenix
$1,720
Charlotte
$1,735
Minneapolis
$1,736
Portland
$1,803
Nashville
$1,803
Denver
$1,900
U.S.
$1,932
Seattle
$2,250
San Diego
$2,967
Boston
$2,987
SF Bay Area
$3,445
Denver rents have been flat to falling for two years after a wave of new apartment supply.

Home price relative to income

Typical home value ÷ median household income · Metro · 2025
Denver: #7 of 13 · lower is better
Minneapolis
3.7×
U.S.
4.3×
Austin
4.3×
Raleigh
4.3×
Charlotte
4.3×
Nashville
4.9×
Phoenix
5.0×
Denver
5.3×
Portland
5.5×
Salt Lake City
5.5×
Boston
6.0×
Seattle
6.2×
SF Bay Area
8.1×
San Diego
8.4×
Calculated for this site: 2025 average Zillow Home Value Index divided by 2025 Census median household income.
−2.3%
Change in Denver's typical rent since September 2024. It's now right at the national typical rent, about $1,900 a month.
Source: Zillow Observed Rent Index (Sept 2026)

Taxes, and one bill to plan for

Colorado taxes all income at a flat 4.4%. The property tax rate in Denver County, 0.47%, is 2nd lowest of 13. One cost to plan for is home insurance, because of hail.

Effective property tax rate

Median taxes paid ÷ median home value · Core county · 2024
Denver: #2 of 13 · lower is better
Phoenix
0.44%
Denver
0.47%
Salt Lake City
0.50%
Nashville
0.57%
San Diego
0.67%
Boston
0.69%
Charlotte
0.69%
Raleigh
0.69%
SF Bay Area
0.72%
Seattle
0.76%
Portland
1.02%
Minneapolis
1.10%
Austin
1.31%

Top state income tax rate

Top marginal rate on wages · State · Tax year 2026
Denver: #7 of 13 · lower is better
Seattle
0%
Austin
0%
Nashville
0%
Phoenix
2.5%
Charlotte
3.99%
Raleigh
3.99%
Denver
4.4%
Salt Lake City
4.5%
Boston
9%
Minneapolis
9.85%
Portland
9.9%
SF Bay Area
13.3%
San Diego
13.3%
Colorado taxes all income at a flat 4.4%. Washington, Texas and Tennessee have no wage income tax (Washington taxes capital gains).

Budget for hail in your home insurancePlan for it

Front Range storms bring hail, and insurers price it in. Colorado's average homeowners premium is $4,310 a year, the highest of any state here, and it rose 18.3% in 2025. The flip side: Denver's overall natural-disaster risk is the second-lowest of the 13 metros, with no hurricanes and moderate earthquake risk.

Why Denver comes out on top

Other cities have a best stat. Denver has the best record.

Every metro here has a standout stat. Denver's advantage is that it rarely trails: it finishes in the top nine of 13 on 38 of 42 measures (90%), more than any other metro, and near the bottom on just 4.

This page is one stat in that record. The full scorecard has all 42.

Denver
90%
Other 12, average
68%
Top fourMiddleBottom four

Share of all 42 scored measures in each band, among the 13 metros. The number is the top-nine share. See every metro →

Where Denver stands alone

#1 in the U.S.
For domestic nonstop destinations in 2025. DEN added a record 34 international destinations in 19 countries.
3,880 sq mi
Of land above 10,000 feet within 100 miles of downtown, more than the other 12 metros combined.
Source: AWS Terrain Tiles (USGS 3DEP elevation), calculated for this site (USGS elevation, calculated Oct 2026)
1.75M
Concertgoers at Red Rocks Amphitheatre in 2025, the most of any amphitheater according to Pollstar.
Source: Denver Arts & Venues (2025)

Related

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