Some US residents need $100K salary to afford rent: here's what you need in Denver
DENVER (KDVR) — A new Zillow report found that some residents across the United States need to make over six figures to be able to afford rent.
The report looked into how much residents need to earn to afford rent in several cities across the country, which is about 30% of a renter's income. The report found renters need to make above six figures to comfortably afford rent in eight major markets, including areas in California, Boston, New York City and Miami.
Denver rent prices trending down compared to nearby cities, state overall: Report
Luckily, Denver's not on that list, but it's also not too far off.
Nationwide, Zillow said the salary to afford rent is up $20,000 since pre-pandemic. To afford typical rent five years ago, residents would need to make $60,000, and now, people need to earn more than $80,000.
Here's how much renters need to make to afford rent in these major cities:
Metropolitan Area
Income Needed to Afford Rent, April 2025
Change in NeededIncome Since April 2020
Zillow ObservedRent Index,April 2025
Renter Affordability, April 2025
United States
$80,949
34.5 %
$2,024
29.6 %
New York City
$144,960
24.8 %
$3,624
54.6 %
Los Angeles
$118,958
28.3 %
$2,974
36.4 %
Miami
$109,962
54.4 %
$2,749
40.4 %
Washington
$97,179
24.4 %
$2,429
22.6 %
Chicago
$87,428
31.1 %
$2,186
28.3 %
Denver
$78,862
22.8 %
$1,972
21.6 %
Baltimore
$75,158
29.6 %
$1,879
22.6 %
Austin
$68,840
17.6 %
$1,721
19.8 %
New Orleans
$66,141
28.7 %
$1,654
30.5 %
Denver residents need a little less than an $80,000 salary to afford rent, which is slightly lower than the national average.
While Denver isn't listed as a six-figure city, other reports have said people need to make at least $100,000 to live comfortably. SmartAsset released a study reporting that residents needed at least $108,992 to live comfortably as a single adult in Denver.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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