Salary Needed to Live in Denver as a Single
A single adult living independently needs approximately $24,495/year to live comfortably in Denver, CO — including 10% savings.
Comfortable Salary
$24,495
with 10% savings
Bare Minimum
$21,140
no savings buffer
Monthly Expenses
$1,286
19% above national avg
Detailed Monthly Budget for a Single in Denver
| Expense | Denver | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $144 | $113 | +27% |
| 🛒 Groceries | $29 | $17 | +71% |
| ⚡ Utilities | $14 | $14 | 0% |
| 🚗 Transportation | $30 | $26 | +15% |
| 🛡️ Car Insurance | $190 | $215 | -12% |
| 🏥 Health Insurance | $53 | $54 | -2% |
| Internet | $83 | $65 | +28% |
| Phone | $109 | $85 | +28% |
| Dining & Social | $384 | $300 | +28% |
| Entertainment | $154 | $120 | +28% |
| Personal Care | $96 | $75 | +28% |
| Total Monthly | $1,286 | $1,084 | +19% |
How We Calculated the Salary
Monthly expenses:$1,286
Target savings (10%):$166/mo
Monthly after-tax needed:$1,452
Effective tax rate:27%
Gross annual salary needed:$24,495
Other Household Types in Denver
Related Pages
FAQ
What salary does a single person need in Denver?
A single person needs approximately $24,495/year ($2,041/month gross) to live comfortably in Denver with a 10% savings rate.
How much is rent for a single person in Denver?
A studio/1br in Denver costs approximately $144/month, which is the largest single expense at 11% of the total budget.
Is Denver affordable for a single person?
Denver is above the national average for single person living costs, requiring 19% more salary than the US median.