Here’s how much salary you’d need to buy a home in Denver

Homebuyers have a lot more than just the home loan to consider when it comes to purchasing a house.

Besides the principal, mortgage payments also include interest, taxes and insurance payments, meaning things quickly start to get pricey.

So, just how much of an annual salary does someone in Denver need to make to really afford a median-priced home?

According to Riverdale, New Jersey-based mortgage company HSH.com’s new report, the needed salary total is $72,771.94.

Read more at Denver Business Journal.

36 comments
Karm Espinosa
Karm Espinosa

That's why I retired in west Texas from the USAF where my house was $72.5K in 1996 and now $150K but over $450-550k in Denver for the square footage and perks

James Beck
James Beck

haha, I love how us transplants are knocking everything down and building our own town. This city is great without the natives. LMAO

Jaycee Sanchez
Jaycee Sanchez

Yet the rich continue to flock here while the natives end up on the street

DeAnna Beck
DeAnna Beck

Dana... I only need to make over $70,000 a year to buy a house. \U0001f62d

Chrissy McAden
Chrissy McAden

People can't afford to live here anymore - it's sad!

Matt Wing
Matt Wing

There are so many people moving to Denver who don't know the real value of the homes they are buying and are getting ripped off by the developers and agents who are selling these "flipped" houses

Nicole McCrorie
Nicole McCrorie

Tyler Forthepeople Floridas cheaper \U0001f602\U0001f602\U0001f602

Kenneth Besecker
Kenneth Besecker

I make less then 40g and own a house in Phoenix. This information is false

Scott Carlin
Scott Carlin

They're using averages for these numbers...

Jeff Cooper
Jeff Cooper

Yup. Good luck finding a livable detached home for 400k or less. There's no inventory for median incomes. It's kind of sad

John Zeiler
John Zeiler

Why is it the more liberal a state is the more expensive it is to live there? If they care about the poor so much why are they making it so hard to live there?

Michael Linsenman
Michael Linsenman

You're making connections where there really aren't any dude. More people are in those areas, more people in general = a higher cost of living.

John Zeiler
John Zeiler

There's no correlation to the cost of living of a state and its political makeup? Is that right?

Michael Linsenman
Michael Linsenman

What I'm saying is you're only paying attention to one factor. Amount of people matters much more than general political affiliation in that area. I'm not saying the correlation probably isn't there, but it isn't the cause.

John Zeiler
John Zeiler

Yeah, I can see how higher taxes make it easier for people to afford rent.

John Zeiler
John Zeiler

The Phoenix metro area has as many people as the entire state of CO and lower cost of living.

Michael Linsenman
Michael Linsenman

Well that isn't true and it took me like 2 seconds to check.

John Zeiler
John Zeiler

You're right, I was off by half a mil, it's changed since I've known that to be true. Let's do Texas, then.

Tony Jones
Tony Jones

Yep y'all should move outta Colorado! Thanks!!! Now it sucks here!

Rocio James
Rocio James

Peter look like we're moving to Texas or florida!l maybe Sacramento lol

James Beck
James Beck

haha, I love how us transplants are knocking everything down and building our own town.

Victoria Hwin
Victoria Hwin

Bryan Bao look how expensive California is! \U0001f611

Kirstin Woodman
Kirstin Woodman

Albertson Kay Law know anything about Tampa lol? \U0001f31e\U0001f4b2

James Liddle
James Liddle

Some thing tells me there are going to be some empty homes in Denver soon. Cost of living should go down.

Brian McCarthy
Brian McCarthy

It depends on what type of home you're buying. These numbers are probably based on average real estate prices, which includes the million dollar estates. You can afford a cheaper home in a less desirable area making far less than 70k.