Denver, often referred to as “The Mile High City,” is a place of endless opportunities. With its stunning mountain views, vibrant neighborhoods, and a cultural scene that rivals any other city in the West, it’s no wonder that many people dream of calling Denver their home. However, life in this dynamic metropolis comes with its own set of challenges. So whether you’re searching for a trendy apartment in LoDo or a cozy apartment in Capitol Hill, you’ve come to the right place.
In this ApartmentGuide article, we’ll explore the various pros and cons of living in Denver, helping you decide if The Mile High City is the right place for you.
Fast facts about living in Denver
- Population: Approximately 715,000 residents
- Average rent: $2,095 per month for a one-bedroom apartment
- Median home sale price: $618,000
- Public transit: Regional Transportation District (RTD) provides extensive bus and rail services
- Public parks: Over 200 parks and green spaces
- Annual tourists: Approximately 17 million visitors each year
- Restaurants: Over 2,000, offering a variety of cuisines from around the world
1. Pro: Outdoor recreational activities
Denver is a paradise for outdoor enthusiasts. The city’s proximity to the Rocky Mountains provides easy access to world-class skiing, hiking, mountain biking, and rock climbing. In addition to mountain adventures, residents can enjoy numerous city parks, trails, and outdoor festivals year-round. Denver’s mild, sunny climate makes it possible to enjoy outdoor activities in all seasons, from summer concerts at Red Rocks Amphitheatre to winter skiing trips in nearby resorts.
Popular outdoor spots in Denver
- City Park
- Washington Park
- Red Rocks Park and Amphitheatre
- Cherry Creek State Park
- Sloan’s Lake Park
2. Con: High cost of living
The cost of living in Denver is about 10% higher than the national average. Housing costs are particularly significant, with the median sale price for a home in Denver around $618,000 and the average rent for a one-bedroom apartment in Denver about $2,095 per month, making housing 30% more expensive than the national average. Additionally, utilities are 14% less expensive, while groceries are 4% higher, transportation costs are 2% above average, and healthcare costs are the same as the national average. While Denver offers a high quality of life, residents need to budget carefully to manage these expenses effectively.
3. Pro: Strong job market
Denver has a robust and diverse job market, particularly in the technology, healthcare, and energy sectors. The city’s economy is supported by a mix of major corporations, startups, and small businesses. Denver’s tech industry has seen significant growth, attracting companies and talent from all over the country. Additionally, the healthcare sector is thriving with numerous hospitals and medical facilities, while the energy sector remains a critical component of the local economy, with both traditional and renewable energy companies contributing to job creation.
Top employers in Denver
- Lockheed Martin
- HealthONE
- University of Colorado
- Dish Network
- Ball Corporation
4. Con: Traffic congestion
As Denver continues to grow, traffic congestion has become a notable downside. The increasing population and economic activity lead to busy roads, especially during peak hours. While the city has made efforts to improve infrastructure and expand public transportation options, many residents still find commuting to be time-consuming and stressful.
5. Pro: Cultural scene
Denver boasts a vibrant cultural scene with numerous museums, theaters, and music venues. The Denver Art Museum, the Museum of Contemporary Art, and the Denver Performing Arts Complex are just a few examples of the city’s cultural treasures. Denver’s cultural landscape is enriched by a variety of events and festivals throughout the year. The Great American Beer Festival celebrates the city’s brewing heritage and draws beer enthusiasts from around the world, while the Cherry Creek Arts Festival showcases the work of local and national artists. Additionally, the city is home to the Colorado Symphony, the Denver Center for the Performing Arts, and a thriving local music scene that includes everything from indie bands to world-class orchestras.
6. Con: High altitude adjustment
Living at a high altitude, with Denver sitting at over 5,280 feet above sea level, can be challenging for some people. The thinner air can cause altitude sickness, particularly for newcomers who are not acclimated. Symptoms can include headaches, dizziness, and shortness of breath. While most people adjust over time, the high altitude can also affect cooking times and performance in physical activities.
7. Pro: Iconic landmarks
Living in Denver means having iconic landmarks that contribute to the city’s unique character and charm right at your doorstep. These sites are great for sightseeing, offering educational and recreational opportunities for residents and visitors alike. From historic sites to modern attractions, these landmarks reflect the rich history and vibrant culture of Denver, making it a fascinating place to live.
Iconic landmarks in Denver
- Red Rocks Amphitheatre
- Denver Union Station
- Coors Field
- Denver Botanic Gardens
- Molly Brown House Museum
8. Con: Competitive housing market
Denver’s housing market is highly competitive, with a limited supply of homes driving up prices. This can make it challenging for prospective homeowners and renters to find affordable housing options within the city. The demand for housing often outstrips supply, leading to bidding wars and rapid price increases. The intense competition in the housing market is exacerbated by Denver’s popularity and steady population growth, making it crucial for buyers and renters to act quickly and often be prepared to offer above the asking price.
9. Pro: Diverse culinary scene
Denver features a diverse culinary scene, with a wide range of restaurants offering cuisines from around the world. From high-end dining establishments and trendy food halls to food trucks and ethnic eateries, the city has something to satisfy every palate. Food festivals, such as the Denver Food and Wine Festival and the Taste of Colorado, showcase the city’s culinary creativity and provide opportunities for residents to explore new flavors.
Popular restaurants in Denver
- Mercantile Dining & Provision
- Acorn
- Root Down
- El Five
- The Source
10. Con: Winter weather
Denver’s winters can be harsh, with cold temperatures and significant snowfall. The city experiences an average of 57 inches of snow per year, which can disrupt daily life and make commuting challenging. Residents need to be prepared for winter weather and take necessary precautions to stay safe and warm during the colder months.
11. Con: Limited public transportation
While Denver has made efforts to improve its public transportation system, it still lags behind other major cities. The Regional Transportation District (RTD) provides bus and light rail services, but the routes and schedules may not be convenient for all residents. The city has a transit score of 45, a walk score of 61, and a bike score of 72. This means that most daily errands require a car, which can be inconvenient for those who prefer not to drive or do not own a vehicle.