By Catie Cheshire | Westword
Residents across Denver’s neighborhoods are worried about the cost of living in the Mile High City, particularly related to the rising price of homes and rent.
A recent study from travel-and-finance website Upgraded Points shows that they aren’t imagining things: It’s more expensive to live in Denver now than it was four years ago.
According to the study, assorted items in Denver cost 21.5 percent more than they did in 2020, with housing costs driving a large part of the increase. Housing is 25.2 percent higher than it was in 2020, while groceries cost 17.9 percent more than they did four years ago.
During the same time period, wages grew by just 16.9 percent — so Denver’s pocketbooks aren’t keeping up with what it costs to live here.