Median rent is 14% lower in Phoenix ($1,582/mo vs $1,831/mo). Buying is cheaper in Phoenix, where the median home runs $420,700 versus $616,000. Households earn more in Denver ($94,718 vs $81,332 a year).
City A
Denver, CO
City B
Phoenix, AZ
How much would you need to earn in Phoenix, AZ to maintain your standard of living from Denver, CO?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Denver
Colorado
Phoenix
Arizona
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Median rent is modestly lower in Phoenix at $1,582/mo compared to $1,831/mo in Denver (14% gap). Home buyers face a steeper market in Denver: the median home is $616,000 versus $420,700 in Phoenix — 32% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Denver
Income tax: N/A
Sales tax: N/A
Phoenix
Income tax: N/A
Sales tax: N/A
Both cities have similar air quality: Denver averages 27.0 AQI (Good) and Phoenix averages 28.0 AQI (Good).
Pick Denver if you prioritize higher median household income ($94,718/yr).
Pick Phoenix if you prioritize cheaper rent ($1,582/mo median).
Is Denver cheaper than Phoenix?
Cost of living index data is not yet available for one or both cities.
How much is rent in Denver vs Phoenix?
Median rent is $1,831/mo in Denver, CO and $1,582/mo in Phoenix, AZ. Phoenix, AZ has the lower rent by about 14%.
Which has higher salaries — Denver or Phoenix?
Median household income is $94,718 in Denver, CO and $81,332 in Phoenix, AZ. Denver, CO has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Denver, CO has better air quality on average: 27.0 AQI versus 28.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Denver or Phoenix?
State tax data is not yet available for one or both cities.
What salary do I need in Phoenix to match my Denver income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
