New York, NY vs Denver, CO
Cost of living comparison · 2023 Census ACS data
Quick Summary
The unusual case here is that Denver wins on both housing and income simultaneously — 22% cheaper on a typical home and 13% higher on median household income than New York. Most city-to-city comparisons trade one for the other. State income-tax burden also tilts toward Denver — a top rate of 4.4% versus 10.9% — which compounds at higher incomes.
Median Home Value
$751,700
$586,700 ✓
Zillow Home Value
$812,534
$530,920
Median Gross Rent
$1,779/mo
$1,770/mo ✓
Owner Occupied %
32.8%
49.1%
Price-to-Rent Ratio
35.2x
27.6x
Median Household Income
$79,713
$91,681 ✓
Per Capita Income
$50,776
$61,202
Unemployment Rate
7.7%
4.6% ✓
Poverty Rate
17.4%
11.2%
Avg Commute (min)
44.8 min
27.5 min
Drove Alone %
21.9%
57.7%
Public Transit %
45.5%
4.5%
Work From Home %
15.0%
24.4%
State Income Tax
10.9%
4.4%
Total Sales Tax
8.5%
7.8% ✓
Property Tax Rate
1.7%
0.6%
Bachelor's Degree %
23.6%
33.8%
Median Age
38
35.2
Avg High Temp
62.6°F
66.2°F
Annual Precipitation
49.5"
15.4"
Annual Snowfall
29.8"
49"
New York, NY 0 wins
Denver, CO 5 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Median Household Income
- ✓Unemployment Rate
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