City comparison
Denver, CO vs Phoenix, AZ
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Denver, CO are 2.4% higher than in Phoenix, AZ. Someone earning $100,000 in Phoenix, AZ would need about $102,400 in Denver, CO to live the same way.
- Rent is the bigger story: a typical 1-bedroom costs $1,754 a month in Denver, CO versus $1,583 in Phoenix, AZ. On $100,000, that's 28% of take-home pay in Denver, CO and 25% in Phoenix, AZ.
- On $100,000, estimated state income tax is about $1,400 a year higher in Denver, CO than in Phoenix, AZ.
- For federal employees, locality pay changes a GS-13 step 1 salary by −6.2% moving from Denver, CO to Phoenix, AZ ($118,675 → $111,338), while prices change by −2.3%. Net effect of the transfer: −3.9% in real buying power.
- Denver, CO: price level 105.8 (pricier)
- Phoenix, AZ: price level 103.3 (pricier)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Denver, CO | Phoenix, AZ | |
|---|---|---|
| Price level (U.S. = 100)2 | 105.8 | 103.3 |
| $100,000 is worth, in the other city2 | $97,669 in Phoenix | $102,387 in Denver |
| Typical 1-bedroom rent3 | $1,754/mo | $1,583/mo |
| Take-home on $100,00014,15,8 | $75,488 | $76,889 |
| State income tax on $100,000 (estimate)8 | $3,692 (CO) | $2,291 (AZ) |
| Rent burden on $100,000 | 28% | 25% |
| Median pay, all jobs4 | $62,320 | $51,380 |
| Federal locality pay area7 | Denver-Aurora, CO | Phoenix-Mesa, AZ |
Rent areas: Denver-Aurora-Centennial, CO MSA and Phoenix-Mesa-Chandler, AZ MSA. Metro areas: Denver-Aurora-Centennial, CO and Phoenix-Mesa-Chandler, AZ.
What costs more or less
| Price level (U.S. = 100) | Denver | Phoenix |
|---|---|---|
| Housing (rent) | 146.9 | 121.2 |
| Goods | 101.0 | 95.0 |
| Utilities | 87.9 | 93.3 |
| Other services | 99.4 | 104.0 |
| Overall | 105.8 | 103.3 |
Moving with the same $100,000 salary
Denver, CO → Phoenix, AZ
Same pay goes further
Buying power +2.4%; rent takes 25% of take-home; state tax −$1,400/yr.
76 Strong offer
Phoenix, AZ → Denver, CO
Same pay buys less
Buying power −2.3%; rent takes 28% of take-home; state tax +$1,400/yr.
57 Fair offer
On the GS pay scale?
Denver, CO is in the Denver-Aurora, CO pay area; Phoenix, AZ is in Phoenix-Mesa, AZ. The last column shows what a transfer from Denver, CO to Phoenix, AZ at the same grade and step does to real buying power.
| Grade5,2 | Denver, CO | Phoenix, AZ | Real change, Denver → Phoenix |
|---|---|---|---|
| GS-9 step 1 | $68,819 | $64,564 | −3.9% |
| GS-11 step 1 | $83,265 | $78,117 | −3.9% |
| GS-12 step 1 | $99,800 | $93,629 | −3.9% |
| GS-13 step 1 | $118,675 | $111,338 | −3.9% |
| GS-14 step 1 | $140,239 | $131,568 | −3.9% |
Pay for common jobs
| Median annual pay4 | Denver, CO | Phoenix, AZ | Phoenix pay in Denver dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $76,910 | $59,180 | $60,593 (−21.2%) |
| Software Developers | $137,610 | $131,750 | $134,895 (−2.0%) |
| Accountants and Auditors | $100,020 | $80,820 | $82,749 (−17.3%) |
| Registered Nurses | $101,130 | $100,830 | $103,237 (+2.1%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.