Colorado has a current population of nearly 6 million people, with much of its growth prevalent in the last decade. With so many people moving to the “Centennial State,” it’s easy to wonder what the appeal is. After all, moving is a big decision that can change almost everything about the way that you live. While it’s easy to see that the state has beautiful scenery, you might be surprised to learn some of the other reasons why so many have decided to move to Colorado.
1. Job Opportunities
Thanks to the booming economy in Colorado, the employment rate is considerably high. The job market is full of opportunities, with positions available in virtually every type of sector. Many companies have taken notice of the economy and favorable job market and have chosen to open locations in Colorado as a result. It has improved the outlook for employment and will surely sustain growth in the future.
Denver is one of the best cities to live in because it’s growing every day. Skyscrapers are continually multiplying, new businesses are opening up shop, and the downtown area is packed full of dining and shopping. It’s a fun place to work and a fun place to live, so it’s attractive to professionals and college grads alike. If you’re curious for more information on living in Colorado’s capital city, check out this Moving to Denver CO Guide.
3. Thriving Economy
Colorado has one of the fastest-growing economies in the United States. It ranks well above most other states and continues to grow every year. Thanks to many contributing factors, including construction and wholesale trade.
4. Beautiful Surroundings
Colorado has natural beauty, like nowhere else in the country. Thanks to the mountains that surround the state and provide stunning views from afar. Beyond gorgeous scenery, these mountains also provide fun throughout the year, which includes camping, skiing, snowboarding, hiking, and so much more.
5. Affordable Real Estate
Whether you want to live in the suburbs or you’re interested in the city, Colorado has more affordable homes than most other states in the country. The estimated median home value was just over $373,000 in 2018, which means transplants can buy for cheaper than they can rent. However, there are rentals available throughout the state, especially in Denver and other thriving cities.
6. Lower Cost of Living
From the cost of utilities to the price of groceries, residents in Colorado have an overall lower cost of living. This state is also a flat-tax state, which means that the income tax rate remains at 4.63% no matter how much money you make. It is something that the wealthy appreciate, although, for those who don’t have a high income, it can be less enjoyable.
7. Friendly People
By just taking a trip to the beautiful state of Colorado, it’s easy to see that the people who live here are amiable. They don’t mind helping others, they love spending time outdoors, and they enjoy exploring the different cities in the states. This trait makes it a great place to live for anyone who wants to be around more positivity every day.
Are You Moving to Colorado?
A lower cost of living combined with affordable homes and an active job market means Colorado has a lot to offer newcomers. It is especially true when compared to other states, which means growth is likely to continue well into the future.