🇺🇸 Cost of Living in Denver - Prices & Budget Guide
Last updated: March 2026
Economic Indicators
GDP per Capita (PPP)$85,810 (2024)
Inflation Rate3.0% (2024)
Out-of-Pocket Health Spend10.9% (2023)
Education Spend (% GDP)5.4% (2021)
Source: World Bank Open Data
The cost of living in Denver is relatively high compared to other cities in the United States, but it offers a unique blend of urban and outdoor lifestyles that make it an attractive destination for visitors and residents alike.
Quick Facts
Cost LevelExpensive
Daily Budget (Backpacker)$80-120 USD
Daily Budget (Mid-Range)$150-250 USD
Daily Budget (Comfort)$300-500 USD
CurrencyUSD
Tipping Customexpected (15-20% in restaurants and bars)
How Expensive Is Denver?
Denver is a major city in the United States, and its cost of living is reflective of its popularity and proximity to outdoor recreation opportunities. Compared to other major cities in the United States, Denver is more expensive than cities like Chicago or Houston, but less expensive than cities like San Francisco or New York. The city's strong economy, driven by industries like technology and healthcare, has led to a high demand for housing and a subsequent increase in prices. Additionally, Denver's popularity as a tourist destination has driven up prices for accommodations, food, and activities.
Overall, Denver is a relatively expensive city, but it offers a high quality of life and a unique blend of urban and outdoor lifestyles that make it an attractive destination for visitors and residents alike. The city's expenses can be managed with some planning and research, and there are many free or low-cost activities and attractions to enjoy in and around the city.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$30-60
typical quality, shared rooms and bathrooms
Mid-Range Hotel
$120-250
what to expect, private rooms and bathrooms, basic amenities
Luxury/Resort
$300-500
what to expect, high-end amenities, location, and service
Apartment Rent (monthly)
$1,500-3,000
city center vs outside, 1-2 bedrooms, furnished or unfurnished
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$10-15
Casual Restaurant
$15-30
Mid-Range Restaurant (2 people)
$40-70
Fine Dining
$100-200
Beer (local)
$5-10
Coffee
$2-5
Water (1.5L bottle)
$2-3
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$2.50-3.00
Taxi (per km)
$2.00-3.00
Domestic flight
$200-500
Fuel (per liter)
$0.70-1.00
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
1,200
2,000
3,500
Food
500
800
1,200
Transport
100
200
300
Utilities
150
250
350
Entertainment
200
400
600
Total
2,150
3,650
5,950
Money-Saving Tips
Consider visiting Denver during the shoulder season (April-May or September-October) to avoid peak tourist prices.
Look for accommodation options outside of the city center, such as in nearby neighborhoods or suburbs, to save on rent or hotel costs.
Take advantage of Denver's public transportation system, including buses and light rail, to get around the city.
Eat at local eateries or food trucks, which often offer more affordable and authentic dining options.
Explore the city's many free or low-cost attractions, such as the Denver Art Museum or the Colorado State Capitol building.
Use cashback or rewards credit cards to earn points or discounts on everyday purchases, including groceries, gas, and dining.