City comparison
Denver, CO vs Raleigh, NC
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Prices in Denver, CO are 7.8% higher than in Raleigh, NC. Someone earning $100,000 in Raleigh, NC would need about $107,800 in Denver, CO to live the same way.
- Rent differs too: a typical 1-bedroom costs $1,754 a month in Denver, CO versus $1,596 in Raleigh, NC. On $100,000, that's 28% of take-home pay in Denver, CO and 25% in Raleigh, NC.
- Estimated state income tax on $100,000 is close: $3,692 a year in CO and $3,481 in NC.
- For federal employees, locality pay changes a GS-13 step 1 salary by −6.3% moving from Denver, CO to Raleigh, NC ($118,675 → $111,147), while prices change by −7.2%. Net effect of the transfer: +0.9% in real buying power.
- Denver, CO: price level 105.8 (pricier)
- Raleigh, NC: price level 98.2 (about average)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Denver, CO | Raleigh, NC | |
|---|---|---|
| Price level (U.S. = 100)2 | 105.8 | 98.2 |
| $100,000 is worth, in the other city2 | $92,792 in Raleigh | $107,768 in Denver |
| Typical 1-bedroom rent3 | $1,754/mo | $1,596/mo |
| Take-home on $100,00014,15,8 | $75,488 | $75,699 |
| State income tax on $100,000 (estimate)8 | $3,692 (CO) | $3,481 (NC) |
| Rent burden on $100,000 | 28% | 25% |
| Median pay, all jobs4 | $62,320 | $51,990 |
| Federal locality pay area7 | Denver-Aurora, CO | Raleigh-Durham-Cary, NC |
Rent areas: Denver-Aurora-Centennial, CO MSA and Raleigh-Cary, NC MSA. Metro areas: Denver-Aurora-Centennial, CO and Raleigh-Cary, NC.
What costs more or less
| Price level (U.S. = 100) | Denver | Raleigh |
|---|---|---|
| Housing (rent) | 146.9 | 103.5 |
| Goods | 101.0 | 96.6 |
| Utilities | 87.9 | 89.0 |
| Other services | 99.4 | 98.2 |
| Overall | 105.8 | 98.2 |
Moving with the same $100,000 salary
Denver, CO → Raleigh, NC
Same pay goes further
Buying power +7.8%; rent takes 25% of take-home; state tax −$210/yr.
93 Strong offer
Raleigh, NC → Denver, CO
Same pay buys less
Buying power −7.2%; rent takes 28% of take-home; state tax +$210/yr.
42 Weak offer
On the GS pay scale?
Denver, CO is in the Denver-Aurora, CO pay area; Raleigh, NC is in Raleigh-Durham-Cary, NC. The last column shows what a transfer from Denver, CO to Raleigh, NC at the same grade and step does to real buying power.
| Grade5,2 | Denver, CO | Raleigh, NC | Real change, Denver → Raleigh |
|---|---|---|---|
| GS-9 step 1 | $68,819 | $64,453 | +0.9% |
| GS-11 step 1 | $83,265 | $77,983 | +0.9% |
| GS-12 step 1 | $99,800 | $93,468 | +0.9% |
| GS-13 step 1 | $118,675 | $111,147 | +0.9% |
| GS-14 step 1 | $140,239 | $131,342 | +0.9% |
Pay for common jobs
| Median annual pay4 | Denver, CO | Raleigh, NC | Raleigh pay in Denver dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $76,910 | $60,170 | $64,844 (−15.7%) |
| Software Developers | $137,610 | $132,770 | $143,084 (+4.0%) |
| Accountants and Auditors | $100,020 | $81,950 | $88,316 (−11.7%) |
| Registered Nurses | $101,130 | $84,830 | $91,420 (−9.6%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.