Apr 12, 2023 - Business
How much you need to make to live in Denver comfortably
Add Axios as your preferred source to
see more of our stories on Google.
The salary needed to live in the Denver area "comfortably" is $70,892, a new study shows.
Why it matters: Affordability is a leading concern in the metro, and the latest numbers only reinforce those fears.
What they did: SmartAsset used data from the MIT Living Wage Calculator to derive post-tax take-home pay and broke it down on typical budget terms with 50% for living expenses, 30% for discretionary spending and 20% for savings or debt payments.
What they found: Among the 25 largest metro areas, we ranked ninth highest in the nation in terms of salary needs.