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Cost of Living: New York vs Denver

How expensive is Denver compared with New York City? Overall prices, rent, goods, utilities and services in the Denver-Aurora-Centennial, CO metro area versus the New York metro area, plus the salary you’d need to live the same way.

Denver is 6% cheaper than New York
Cost of living index 94 (New York metro = 100) · 2024

Salary converter

Same lifestyle in Denver
$93,976
You’d need $6,024 less per year
≈ $100,026 in New York buys the same standard of living.

Before taxes. Income tax, sales tax and benefits differ a lot between places and aren’t included.

Where the difference comes from

Rent & housing
about the same
Goods (groceries, clothing, etc.)
8% cheaper
Utilities
31% cheaper
Other services (healthcare, dining, transport…)
6% cheaper
New York metroDenver metro

Bars show each category’s price level relative to the US average (BEA Regional Price Parities, 2024). Rent is usually the biggest driver.

The numbers

Metro area
Denver-Aurora-Centennial, CO
Price level vs US average
105.8 (New York: 112.6)
Rent vs US average
146.9 (New York: 148.6)
Source
U.S. Bureau of Economic Analysis, Regional Price Parities 2024

Frequently asked questions

Is Denver cheaper than New York?

Yes. Denver is 6% cheaper than the New York metro area overall (index 94, New York = 100).

What salary in Denver equals $100,000 in New York?

About $93,976 a year buys the same standard of living in Denver as $100,000 in the New York metro area, before taxes.

How do rents in Denver compare with New York?

Rents and housing costs in the Denver-Aurora-Centennial, CO metro area are about the same as the New York metro area (BEA, 2024).

Where does this data come from?

U.S. Bureau of Economic Analysis Regional Price Parities for 2024, which compare the price of the same basket of goods, rents, utilities and services across US metro areas.

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