For more than a dozen U.S. cities, including Denver, residents need to make at least $100,000 to rent or own a home, according to 2021 figures analyzed by

In Denver, where the median income is just shy of $39,000, residents need to make about $110,000 to comfortably own a home or a little over $100,000 to rent. The city has one of the largest gaps between median income and income needed to live comfortably. For Colorado Springs, residents still face a gap between income and the cost of living, but that gap is much smaller than Denver’s, according to the data, which is based on a few sources, including housing prices from Zillow and income data from Census Bureau figures. used that information to determine the income necessary to maintain the oft-repeated “50/30/20” rule of budgeting – 50% for needs, 30% for wants and 20% for savings, a rule that’s difficult to follow for people in many metro areas.

But four cities, mostly in the Midwest, have an average income of around $50,000 a year, which puts their residents within $20,000 of the income needed to live for homeowners: Oklahoma City, Kansas City, Omaha and Columbus. And in some cities, like Charlotte and Chicago, the money it takes to live comfortably as a homeowner is less than needed by renters, according to the data.

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