14. Denver, Colorado
Denver ranks as one of the nation’s most expensive cities, according to U.S. News & World Report. The Mile High City has exploded in popularity over the past decade, blending urban living with easy access to skiing, hiking, and Colorado’s outdoor lifestyle — but that popularity comes with a high price tag.
Housing sits at the center of Denver’s affordability challenges. The median home costs roughly $580,000, requiring buyers to bring substantial incomes or dual-earner households to the table. Renters face elevated monthly payments as well, with demand consistently outpacing available supply.
Overall, Colorado’s cost of living sits about 15% above the national average, placing the state 11th most expensive nationwide. Denver’s top neighborhoods reflect this trend clearly, with strong appreciation in home values and rising costs for groceries, services, and utilities.
While the average after-tax monthly salary in Colorado is approximately $4,818, that income covers less than two months of living expenses, highlighting the financial balancing act many residents face.
