The average cost of living for a Denver resident is $1,957 a month.1 This total includes the monthly costs for rent, food, utilities, and vehicle fuel. This puts Denver in the top 20 metros with high living costs, which isn’t a terrible ranking, but it does mean you should have a well-paying job lined up before moving to the Mile-High City. The good news is that Denver’s average individual income of $43,376 outstrips many cities like Long Beach, California and New York City where living costs are actually higher. So while Denver’s living costs are pretty high, it's still relatively more affordable than a lot of other large cities.