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Home        Vol V   Issue 7              February 14, 2010      Previous Issues

 

 

Dynamic Denver, Colorado, with its Beautiful Weather, Healthy Downtown, World Class Amenities and Eclectic Neighborhoods, Beckons to Active Retirees

Cost of Living:  Above the National Average

 

Out West, where the Great Plains meet the Rocky Mountains, the mile high metropolis of Denver, Colorado (population 2.4 in the metro area) has been the stomping grounds of cowboys and gold miners, labor bosses and oil tycoons.  Founded as a mining town in 1859, today Denver is a bustling, dynamic city with beautiful weather, green spaces, excellent dining, four professional sports teams, a lively cultural scene, plentiful shopping venues and a vibrant downtown.   Once known as a "cow town," Denver has become a first class destination with Western hospitality, attracting professionals, families and retirees, all in search of the amenities of a large city and a high quality of life, two things that do not always go hand in hand.   The cost of living is about 10% above the national average, and of the population, 20% is age 45 to 64, and 12% is age 65 or better.   This is a liberal city, with nearly 70% of its citizens calling themselves Democrats.

 

 

Clean, well-managed and often bathed in sunshine under a cobalt blue sky, Denver has dozens of wonderful neighborhoods, each with its own character.   Capitol Hill attracts young, non-traditional residents.  Congress Park has stable mix of families and retirees.  Bonnie Brae boasts beautiful, older homes.  Washington Park has very desirable, established homes, and Cherry Creek is dotted with expensive new and older residences.   There are small bungalows, trendy lofts, ranch-style homes, condos, town homes, Denver "squares," Victorians and more.  Today the city is covered with trees, but back in the early days, there were no trees here, and so most homes are built of brick.

And in the surrounding suburbs, even more choices are available.  Englewood to the south has smaller, older residences and is popular with retirees.  To the west, Lakewood has lots of ranch homes and a mix of ages.  In Golden, in the foothills west of the city, homes are large, often on acreage, and expensive.  In short, architectural styles, neighborhood ambiances and price ranges are varied, offering something for nearly everyone.

Apartments are abundant, and the average monthly rent is $825 per month.  One bedroom units can be found for around $600 a month, but expect to pay more for a unit in a nice complex.  Two bedroom units are available for $700 a month, but again, this may not be in the best complex.  Apartments are also plentiful in the surrounding suburbs, and prices may be less.

Denver's property taxes are lower than those in most other areas of the metro area and in many other major cities.  Generally, they are a little more than 1/2 of 1% of a property's fair market value.  The annual taxes on a $205,000 house would be $1,000.  Taxpayers age 65 and over can exclude up to $24,000 of Social Security from state income taxes.  The sales tax is 7.6%.  

Denver, Colorado


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 This is an interactive map.  Click on the arrows in the upper left hand corner to move the map to the East, West, North or South, and click on the +/- signs (more than once if necessary) to zoom in and out.

Denver is a pretty city, full of parks and greenbelts.  Within the last 15 years, a professional baseball park, a new professional football stadium, a beautiful new conference center, a new basketball arena, a new, visually interesting, 5-story public library and a striking new art museum, designed by Daniel Libeskind, have been built.  Downtown is healthy and packed with high-end hotels, upscale restaurants, nightclubs and fashionable retail outlets.  People-watching along the always busy downtown 16th Street pedestrian mall is great fun, and trendy LoDo, once the warehouse district, is now home to beautiful residences, parks and walking paths along the river.

Retirees will find shopping venues abundant and varied.  The Cherry Creek Shopping Mall caters to an upscale crowd and has 170 stores, including Lord and Taylor, Ann Taylor, Hugo Boss, Coach, Brooks Brothers, Neiman Marcus and Tiffany's.  The area just to the north of the Mall, Cherry Creek North, is an old Denver neighborhood full of boutiques, art galleries, spas and restaurants.  Other malls, indoor, outdoor and of varying sizes, are located throughout the city and in surrounding suburbs.

The cultural and arts scene is alive and well.  Denver has more than a dozen community and professional theaters, including the beautiful Denver Center for the Performing Arts complex that hosts Broadway productions.  The Denver Symphony and the Colorado Ballet complement the theater scene, and the expanded Denver Zoo, the expansive Denver Botanic Gardens, the Denver Museum of Nature and Science, dozens of smaller museums and art galleries, amusement park Elitches and the Downtown Aquarium ensure that there is always something to do.  Colorado residents overall tend to be active and healthy, and Denver inhabitants are no exception.  For those seeking outdoor pursuits, the city has miles of bicycling and walking trails and an extensive offering of recreation programs.   Downhill snow skiing, hiking trails and scenic mountain drives are anywhere from twenty minutes to ninety minutes away.

The city also has a number of fun events, such as the Taste of Colorado (in which restaurants showcase their cuisines), the Cherry Creek Arts Festival (a huge juried sidewalk art show each July), the Race for the Cure (the second largest in the country), the National Western Stock Show (still the biggest assemblage of cowboys and ranchers in the country) and the Capitol Hill People's Fair (a giant gathering of all kinds of merchants and funky people).  The Denver Nuggets (basketball), Colorado Rockies (baseball), Denver Broncos (football) and Colorado Avalanche (hockey) ensure that sports fans are never bored.  Four universities, the University of Colorado at Denver, Regis University, Denver University and Metro State University, provide venues for intellectual pursuits.  The dining scene is extensive, offering everything from hole-in-the-wall diners to 5-star French restaurants.

There are nearly a dozen hospitals, including outstanding University Hospital, associated with the University of Colorado, and nationally-recognized National Jewish Hospital.  More medical facilities of all kinds are found throughout the metro area.

Traffic is a problem along the highway system during rush hours, but a major highway renovation project was recently finished, and congestion has lessened somewhat.  Denver has a good public bus system, and the light rail system, FasTracks, while somewhat limited, is clean, fast and affordable.  From some suburbs, it is the best way to reach downtown.  Denver International Airport, on the eastern plains outside of the city, is sprawling and one of the busiest hubs in the country, but it is modern and efficient. 

Fifty-two senior centers of varying sizes are scattered about the Denver metro area, many run by recreation departments.   The Senior Hub is a social services agency that provides support and referral to seniors in north Denver.  RSVP (Retired Seniors Volunteer Program) is active, as is Meals on Wheels.  The Jewish Senior Recreation Network is a coalition of synagogues and community organizations that provide recreation and leisure programming for Jewish seniors.  The Seniors' Resource Center is a private, non-profit organization, serving older adults and their families and providing adult day and respite services, transportation, job training, in-home care services, volunteers, care management and referrals.

This is a four season city, but it is not in the mountains so the weather is milder than many people think.   Summers are hot with temperatures in the 80s and 90s and very low humidity.  Springs can be cool or hot, dry or rainy.  Winters see temperatures in the teens, 20s, 30s, 40s and even 50s.  Snow is not uncommon, and it can blizzard, but generally snowfalls are 2 to 4 inches and only last a day or so, leaving behind frosted trees shimmering under a breathtakingly blue sky.  Autumns are crisp and clear, the best time of the year.

Denver has something for nearly everyone, but there are drawbacks to retirement here.   The city has a higher than average crime rate, but the amount and type of crime depends on the neighborhood, and less desirable areas can easily be avoided.   The rough economic climate is taking a toll, with some libraries being shuttered and city offices being closed occasionally to help offset a budget shortfall.  Some might consider Denver's left-leaning politics a drawback, but several suburbs (Highlands Ranch, Centennial, etc.) are more conservative and still close enough to let residents enjoy Denver's shopping, dining and entertainment venues.   The city's air quality, while much better than 20 years ago, still needs improving, particularly during winter months.   And Denver's popular mayor is running for governor; if he wins, it will be a loss for local residents.   Overall, though, Denver's Western hospitality, eclectic neighborhoods, beautiful weather and world-class amenities make it a great place for an urban retirement.

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