A detailed side-by-side comparison of the cost of living, housing prices, income levels, and overall affordability between Denver, CO and New York, NY.
CO
Population: 711,463
NY
Population: 8,258,035
National average = 100. Higher values indicate a more expensive area.
| Metric | Denver, CO | New York, NY | Difference |
|---|---|---|---|
| Cost of Living Index | 130 | 150 | -13.3% |
| Median Home Price | $525,000 | $680,000 | -22.8% |
| Property Tax Rate | 0.56% | 0.88% | -36.4% |
| Median Household Income | $78,177 | $74,694 | +4.7% |
| Population | 711,463 | 8,258,035 | -91.4% |
Denver, CO is 13.3% cheaper to live in than New York, NY, based on the overall cost of living index.
Home Price Difference
$155,000
Denver, CO is cheaper by 22.8%
Income Difference
$3,483
Denver, CO earns more by 4.7%
Price-to-income ratio: median home price divided by median household income. A lower ratio indicates more affordable housing.
Denver, CO
6.7x
$525,000 / $78,177
New York, NY
9.1x
$680,000 / $74,694
Overall, Denver, CO is the more affordable city to live in. With a cost of living index of 130 compared to 150, a median home price of $525,000, and a price-to-income ratio of 6.7x, Denver, CO offers better value for residents looking to stretch their dollar further. However, the median household income in Denver, CO ($78,177) is higher, which may offset some of the cost differences.