According to a Business Insider’s Study, Colorado ranked second in best US economy. They based this on a few different criteria including:
- Unemployment rates
- Average Weekly Wages
- House Prices
- Number of Fortune 1000 companies headquartered there
The Unemployment Rate is low in Colorado
Our unemployment rate is at 4.2 currently, while the US Average is 5.5. This is very attractive for people looking for work in a growing area. We also offer a diversity of jobs as we have both urban and rural areas, technology, finance, military, health and more.
Average Weekly Wages are high in Colorado
“Six of Colorado’s 9 large counties recorded wage growth from the fourth quarter of 2012 to the fourth quarter of 2013 while the U.S. average weekly wage was unchanged.” SOURCE: US Department of Labor
Home prices had a great improvement in Colorado
Colorado had the most improvement in the US with home prices rising over 11% in 2014. This shows our home values to be strong and rebounding from the housing crisis several years ago.
Large companies call Colorado home
Twenty three Fortune 1000 companies are headquartered in Colorado and include Western Union, Arrow Electronics, CH2M Hill and Dish Network. Fortune 500 companies housed here include Molson Coors, Chipotle and more.
Other things that make Colorado great:
We are green!
With nearly 84% of our population within walking distance of a park, we want people to enjoy the green! Denver loves green initiatives and you will see them everywhere- from recycling projects and public transit to Denver B-Cycle where you can borrow one of 700 bikes to commute around town.
We have views!
The Rocky Mountains are really breathtaking and can be seen year round from almost anywhere in the city. The views are only a small part of the charm of the mountains, however. There is skiing and winter sports as well as camping and hiking in the warmer months. It is really the outdoor lover’s paradise.
We are still building!
Moving into a new development here is still a possibility. Unlike other urban areas, we still have space. Many older parts of town are being rehabbed while others are being newly developed. Areas outside the city are seeing growth with new communities and amenities which allow families to live the lifestyle they’ve always wanted.
Wanting to learn more about the Denver real estate market? As a relocation specialist serving Denver for over 22 years, I’d love to help you through the process of finding your next home perfect for this stage of your life in Colorado. Contact me today at 303-888-6489 to discover why Denver may be your next perfect home.