Cost of Living in Denver, CO
A comprehensive look at housing costs in Denver for 2025.
Crisis
Affordability Score
Home Price
🏠$560K
Monthly Rent
🔑$1,800
Monthly Mortgage
🏦$2,981
7% rate, 20% down
Median Income
💰$78K
Housing Costs Overview
The median home price in Denver is $560K, which is 37% higher than the national median of $410K. The median rent is $1,800/month, 20% above the national median.
Monthly Mortgage Breakdown
Based on 30-year fixed at 7% with 20% down payment ($112K). Total cost over 30 years: $1.1M.
Rent vs. National Average
At $1,800/month, renting in Denver means spending about $22K per year on housing. The rent-to-income ratio is 31.0%, which exceeds the recommended 30% threshold.
Compared to Colorado
Home Price
$560K
vs $550K state
Rent
$1,800
vs $1,771 state
Income
$78K
vs $93K state
Is Denver Getting More Expensive?
Over the past year, home prices in Denver changed by 2.0% and rents by 1.5%. Price growth is moderate.