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East Colfax Apartments For Rent in Denver, CO

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Apartments for Rent in Denver, CO

Denver, Colorado is a large city with a population of slightly more than 677,000. It's a great place to transition into adulthood, as young professionals make up a larger portion of the population here (22%) than nationally (15%), while retirees account for a smaller percentage of the city. At an average age of just under 37, the city's residents skew younger than most cities in Colorado. In terms of housing, residents are evenly split between owning (50%) and renting (50%) their residence. The average rent is roughly equal to the state average of $1,191/month.

Compared to the national average (7%), Denver has a large percentage of residents older than 25 who have advanced degrees, as 10% have earned a Master's degree or a Doctorate. Further, 20% have earned a Bachelor's degree, which also outpaces the national average. Many Denver residents work in one of four industries: healthcare, scientific, entertainment, and retail. Combined, these industries account for 26% of the city's workforce. Meanwhile, looking at job function, 9% of the city's population works in management, which ranks as the top career path in the city. With an average annual income of almost $79,000, Denver workers bring in roughly the same as the average Colorado resident. However, Denver compares more favorably to the national average of $73,345.

Denver residents have an average commute of about 28 minutes. Many residents (42%) commute to work by car, while public transportation is used by just 4% of the population. Few workers (2%) commute on foot, though the number does exceed the national average.