Denver, CO variant. This is a Denver, CO-specific version of the Home Affordability Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Home Affordability Calculator.
Affording a home in Denver pits the $92,330 median income against a $575,000 median price - a price-to-income ratio of 6.2x.
Can you afford Denver?
The 28% rule caps housing at $2,154/month on the local median income, supporting roughly $426,055 in price - versus the $575,000 Denver median.
Denver is a stretch on the median income; many buyers need higher earnings, more down, or co-borrowers.
About Denver, CO
Denver imposes a small flat occupational privilege tax on workers, in addition to Colorado state income tax.
Denver's housing market has grown significantly, with home prices and rents rising as the metro draws new residents.
Denver's economy spans aerospace, energy, technology, and outdoor recreation, supported by its role as a regional hub for the Mountain West.
Worked example: max price on $92,330
28% of $92,330 ÷ 12 ≈ $2,154/month supports about $426,055 at 6.5% with 20% down - compared with the $575,000 median.
Quick reference
- Median home value: $575,000
- Median rent: $2,050/mo
- Median household income: $92,330
- Local sales tax: 8.81%
- Effective property tax rate: 0.51%
- Cost of living index: 128 (US avg = 100)
Frequently Asked Questions
What income do I need to buy in Denver?
To afford the $575,000 median home, you'd typically need well above the $92,330 local median income at current rates.
What is the price-to-income ratio in Denver?
About 6.2x (median home ÷ median income).