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Denver has traditionally been very close to the national average for cost of living, and also has average wages (much lower on both fronts than, say, San Franci
by lotharbot 11y ago
Denver has traditionally been very close to the national average for cost of living, and also has average wages (much lower on both fronts than, say, San Francisco.)
In the last 3 years or so, rents have gone up largely because laborers who can't find work in other cities have been able to find work in or near Denver, driving up demand for housing while simultaneously driving down average wages. This is slowly being alleviated as new housing is being built, but it'll be a few more years before an equilibrium is reached.
- MadManE 11y agoI guess it's all a matter of perspective. I don't think that comparing anywhere to San Francisco yields many meaningful results, though. It's pretty much an outlier no matter how you look at it. I would hazard to say that the legalization of pot has more to do with these troubles than anyone wants to admit to. It draws in people who subscribe to that lifestyle from a huge surrounding area (increasing demand for housing and supply of labor). I'm not sure that equilibrium is really something that is in the cards here, anyway. The job market is just one piece of the puzzle, and the horrific city planning isn't doing anyone any favors. Needless to say I'm aggressively looking for other places to be.