Is Denver, CO cheaper than New York, NY?

Based on cost of living data, Denver, CO is 34.5% cheaper than New York, NY. This translates to saving $1295 per month.

What salary do I need in Denver, CO to live like I do in New York, NY?

If you earn $75,000 in New York, NY, you'd need approximately $59,464.286 in Denver, CO to maintain the same standard of living.

How does housing cost compare between New York, NY and Denver, CO?

Housing in Denver, CO is 57.5% cheaper than in New York, NY. For a two-bedroom apartment, rent is $2,190/month in Denver, CO compared to $3,590/month in New York, NY.

How much can I save per month by moving from New York, NY to Denver, CO?

Moving from New York, NY to Denver, CO could save you approximately $1295 per month, or $15536 per year, based on a $75,000 salary.

MoveNumbers

New York, NY

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Denver, CO

Cost of Living Comparison 2026

Current salary in New York, NY

Numbers update automatically as you type

You'd save $1.3K/month moving to Denver, CO

$75.0K in your current city equals $59.5K in Denver, CO

Rent data from HUD ZIP-level estimates · COL index from New York-Newark-Jersey City, NY-NJ-PA area

Overall Cost

↓ 34.5%

Less expensive

Monthly Impact

$1,295

Savings

Annual Impact

$15.5K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

New York, NY

Population:8337K

Cost Index:100

Median Home:$1.05M

Denver, CO

Population:716K

Cost Index:65

Median Home:$513K

New York, NY

The Empire State

8.3M

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Most populous city in the US
•Major global financial center
•World-renowned cultural hub

Major Industries

FinanceReal EstateTechnologyMedia

Denver, CO

The Centennial State

716K

Population

State Tax

Yes

Climate

Semi-arid

Notable Facts

•Mile-high city (5,280 ft)
•Outdoor recreation hub
•Major cannabis market

Major Industries

AerospaceTechnologyEnergyTourism

Cost Breakdown by Category

Annual spending: New York, NY vs Denver, CO

Category	New York, NY	Denver, CO	Difference	Change
🏠Housing	$5,959/mo	$2,531/mo	↓ $3,428less	57.5%
📦Other	$1,585/mo	$1,383/mo	↓ $202less	12.8%
🚗Transportation	$1,248/mo	$1,139/mo	↓ $110less	8.8%
🛒Groceries	$908/mo	$802/mo	↓ $106less	11.7%
⚡All Utilities	$467/mo	$404/mo	↓ $63.01less	13.5%
🏥Healthcare	$536/mo	$492/mo	↓ $43.45less	8.1%

🏠Housing

↓ 57.5%

New York, NY

$5,959

Denver, CO

$2,531

Difference

$3,428

less

📦Other

↓ 12.8%

New York, NY

$1,585

Denver, CO

$1,383

Difference

$202

less

🚗Transportation

↓ 8.8%

New York, NY

$1,248

Denver, CO

$1,139

Difference

$110

less

🛒Groceries

↓ 11.7%

New York, NY

$908

Denver, CO

$802

Difference

$106

less

⚡All Utilities

↓ 13.5%

New York, NY

$467

Denver, CO

$404

Difference

$63.01

less

🏥Healthcare

↓ 8.1%

New York, NY

$536

Denver, CO

$492

Difference

$43.45

less

🏛️ Local Income Taxes

New York, NY: NYC Income Tax$2,782/yr (3.7%)

Denver, CO: Denver Head Tax ($5.75/mo, negligible)$69.00/yr (0.0%)

Net difference-$2,713/yr

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$3,120

To$1,720

↓ $1,400

1 Bed

From$3,270

To$1,840

↓ $1,430

2 Bed

From$3,590

To$2,190

↓ $1,400

3 Bed

From$4,500

To$2,870

↓ $1,630

New York, NYZIP-level data

1BR range: $2,260–$3,990/mo

Denver, COZIP-level data

1BR range: $1,620–$2,540/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$10,703

Monthly in New York, NY

$6,751

Monthly in Denver, CO

$3,952

Difference

Home Values

New York

Denver

$1.05M

Median Value

$513K

↓ -0.1%

YoY Change

↓ -4.2%

↓ -5.9%

5-Year Change

↑ +13%

$471K - $3.49M

Price Range

$352K - $933K

Homes in Denver are 51% less expensive than New York

Calculate payment - New York Calculate payment - Denver

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $75.0K salary

Tax Savings

↑ $1.1K

Per year

Monthly Difference

$94.57

More take-home

Effective Rate Diff

1.5%

Rate difference

New York, NY

Federal Income Tax

Effective: 13.8%

$8.3K

New York State Tax

Effective: 5.9%

$4.4K

FICA Taxes

Social Security + Medicare

$5.7K

Total Taxes

Effective: 24.7%

$18.5K

Take-Home Pay

$4,707/month

$56.5K

Denver, CO

Federal Income Tax

Effective: 13.8%

$8.3K

Colorado State Tax

Effective: 4.4%

$3.3K

FICA Taxes

Social Security + Medicare

$5.7K

Total Taxes

Effective: 23.2%

$17.4K

Take-Home Pay

$4,802/month

$57.6K

Additional Tax Information

New York, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

Denver, CO Tax Rates

Sales Tax:7.8%

Property Tax:0.5%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.