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Denver, CO vs. Tacoma, WA

Median rent is $1,770 a month in Denver, CO and $1,597 in Tacoma, WA. Household income is $91,681 against $83,857. Both cities are read from the same ACS 2019-2023 5-Year Estimates and the same BEA Regional Price Parities 2023, so the two columns below are directly comparable.

$
Same standard of living
A salary of $100,000 in Denver, CO buys what $102,912 buys in Tacoma, WA
+$2,912 more to keep the same standard of living
Median gross rent Monthly
$1,770 $1,597 -9.8%
Median household income Annual
$91,681 $83,857 -8.5%
Median home value Owner-occupied
$586,700 $454,600 -22.5%
Rent as share of income Annual rent ÷ income
23.2% 22.9% -0.3 pp
Price level U.S. average = 100
105.5 108.6 +2.9%
Salary needed for median rent Keeps rent at 30% of gross
$70,800 $63,900 -9.7%
Rent median income carries at 30% Affordable rent
$2,292 $2,096 -8.6%
Population City proper
713,734 220,482 -69.1%
Equivalent salary For $100,000 in Denver
$100,000 $102,912 +2.9%

A green or red badge means the second city is higher or lower, not better or worse: a lower rent is good for a tenant, a lower household income is not. For the price level and
the share of income the raw values are shown, because a percentage difference between two
percentages is easy to misread.

What the gap means

Lower rent
$1,597
Tacoma, WA · 10.8% below Denver, CO
Higher household income
$91,681
Denver, CO · 9.3% above Tacoma, WA
Same standard of living
$102,912
$100,000 in Denver, CO needs $102,912 in Tacoma, WA
Price level gap
3.1 points
105.5 in CO against 108.6 in WA
Rent burden gap
0.3 points
Tacoma, WA versus Denver, CO, share of income taken by rent
Highest buying power
94.8%
Denver, CO · share of the national average income that a dollar there buys

Occupation wages in both metros

May 2025 U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS). Metropolitan areas may differ from city boundaries.

Wage comparison for shared occupations
Occupation Denver, CO median Tacoma, WA median vs.
Software Developers $137,610 $167,280 +21.6%
Fast Food and Counter Workers $37,070 $39,150 +5.6%
Retail Salespersons $38,470 $42,080 +9.4%
Registered Nurses $101,130 $128,260 +26.8%
General and Operations Managers $142,330 $146,030 +2.6%
Customer Service Representatives $48,590 $53,550 +10.2%
Project Management Specialists $116,740 $130,380 +11.7%
Waiters and Waitresses $39,650 $57,280 +44.5%

Metropolitan areas and cover every industry together, so the two columns may describe wider areas than the city limits used for rent and income.

Denver, CO vs Tacoma, WA: frequently asked questions

Is Tacoma, WA more expensive than Denver, CO?

Yes. Prices in Tacoma, WA are about 2.9% higher than in Denver, CO: a regional price level of 108.6 against 105.5, where the U.S. average is 100.

How much do I need to earn in Tacoma, WA to keep a $100,000 lifestyle from Denver, CO?

About $102,900. Adjusting $100,000 by the BEA regional price levels of the two areas (105.5 in Denver, CO, 108.6 in Tacoma, WA) gives the salary with the same purchasing power. Taxes and personal spending habits are not included.

Is rent cheaper in Denver, CO or Tacoma, WA?

The median gross rent is $1,770 a month in Denver, CO and $1,597 in Tacoma, WA, a difference of $173 a month or $2,076 a year.

Where are household incomes higher, Denver, CO or Tacoma, WA?

The median household income is $91,681 in Denver, CO and $83,857 in Tacoma, WA. Rent takes 23.2% of the median income in Denver, CO and 22.9% in Tacoma, WA.

What salary do I need to afford the median rent in Tacoma, WA?

About $63,900 a year, the gross income that keeps the median rent of $1,597 a month at 30% of income. The same rule gives $70,800 in Denver, CO.

More comparisons with Denver, CO

More comparisons with Tacoma, WA

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Definitions used on this page

Salary needed for the median rent
Twelve months of median gross rent divided by 0.30: the income that keeps the median rent at 30% of gross pay.
Price level
BEA regional price parity for the metro area where one is published, otherwise for the state. The national average is 100.
Same standard of living
A salary in Denver, CO converted into Tacoma, WA at the ratio of the two price levels. It adjusts for prices only, not for taxes or for what either city offers.
Buying power
One hundred divided by the price level: what a dollar buys locally relative to the national average.

Sources

Margins of error are published for every Census figure. Read the methodology before reading a small gap between two cities as a real difference.

Full detail for each city: Denver, CO · Tacoma, WA