For years now, we’ve witnessed a boom in growth in our community. It seems that virtually overnight, people around the country became hip to the Denver area, moving here in droves. As a result, companies - especially in the tech industry - have planted roots in our backyard, creating even more reasons to move here. So what does that mean for the Denver cost of living? In reality, not as big of a jump as you’d expect. Yes, we’re slightly above the national average, but when compared to other tech giants like Silicon Valley, we’re reasonable.
In fact, Denver offers an incredible amount of bang for your buck when you consider the innate benefits located (literally) in your backyard. With miles and miles of mountain tops, an amazing food scene, seven sports teams and so many opportunities to be active outdoors, it’s hard to deny that living in Denver is just plain awesome.
If you’re seeking opportunities for a new career in tech, add Denver to you list of locations. There are so many companies to choose from including major headquarters and small startups, all offering competitive salaries and benefits. And once you earn a spot with one of these organizations, your options for housing are vast. From urban apartments at affordable rates to single family homes in our sprawling suburbs, you can make the life you want here in Denver.
We’re laying everything about Denver cost of living out for you in this post.
Understanding the Basics: Denver Cost of Living
Our Cost of Living is 30% Cheaper than Coastal Tech Hubs
It’s true that the Denver cost of living is 12% higher than the national average but when compared to our coastal competitors such as California and Massachusetts, we are 30% cheaper on average. In fact, Massachusetts is 37% higher than the national average, so Denver’s 12% seems pretty reasonable.
For a small premium, Colorado offers immense benefits for those seeking opportunities in tech paired with an outdoor lifestyle. Sure, we don’t have direct access to beaches and the coast like Cali, but we do have instant access to the wilderness. For lovers of the outdoors, Colorado offers thousands of miles of hiking and biking trails, lakes, rivers, ski resorts, and so much more. Shockingly, Colorado has added close to 800,000 new residents in the last ten years.
Need to weigh all of the pros and cons? Try this interactive resource from moveBuddha that combines a variety of factors to put the financial impact of moving in perspective.
We Offer Competitive Incomes That Rank Above the National Average
Yes, on average, it costs a bit more to live in the Denver area but our residents also make more. Overall, the median income is 13% higher than the national average. Denver's tech industry has also weathered the impacts of COVID-19, and tech companies continue to grow and be in high demand, meaning tech talent is also in high demand. If you'd like to learn more about the Denver tech job market, check out this post.
There are Many Options for Housing
From a two-bedroom loft in downtown Denver to a single-family home in the suburbs, you have plenty of options. On average, an apartment downtown cost $1,600 a month but there are many options that bring that price up or down depending on the neighborhood you choose.
For example, if you’re into history and the arts, the Baker neighborhood is for you. One of the oldest in the Denver area, as well as one of the most up-and-coming locations for development, this community is filled with vibrant Victorian-style homes, modern condos and arts-and-craft abodes. First plotted in the 1870s, Baker has a cozy neighborhood feel with easy access to the urban heart of Denver.
You can find a neighborhood that suits your style from one of the dozens of available spots in the heart of Denver or its surrounding areas.
How to Get Around in Denver
Denver offers public transportation from buses to the rail line. With monthly passes around $100, it’s very easy to get around the city. Plus, many companies will give you a stipend to cover your transportation costs. Pair our public transit with the nearly 700 miles of bike trails and cyclist friendly streets and you can say goodbye to hours and hours in your car.
Sure, if you live in the burbs, a personal vehicle may be your best bet but there are plenty of options for getting around without the hassle of traffic and parking.
As you can see, there are many factors that prove Denver is an up and coming location for growth in the tech industry. If you’re seeking opportunities in tech and haven’t considered Colorado, add us to your list. And if you need help finding a job, search our database today or get in touch with our team. We’re here to help you succeed.
Here at BWBacon Group, we know and live what you are experiencing as an employer or job seeker in Denver, Boulder, Dallas, San Francisco, New York City or any of the other cities we work in. We believe great recruiting starts and ends with understanding people.
If you have any questions about living, working or playing any of the areas we serve, please contact us. We are happy to help. Seize the day, every day, that’s what we say!
