As Denver residents know all too well, the Mile High City is experiencing growth and expansion like we’ve never seen before. If you’re considering jumping into homeownership, according to
Fastest Growing Cities In Colorado
Not only has the state gained 70,500 jobs between May 2013 and May 2014, but according to recent numbers from the Bureau of Economic Analysis, we also had the sixth-fastest growing GDP (real gross domestic product) in the U.S. in 2013. The organization also reported that real estate and scientific and technical services were the industries that saw the highest levels of growth in our economy last year.
With populations on the rise in Colorado, the folks at personal finance website, nerdwallet.com, recently looked at the driving forces behind the top ten fastest growing cities in the state. By analyzing population growth, employment growth and income growth, nerdwallet.com compiled the following list of the fastest growing areas in Colorado.
Population growth - growth in the working-age population from 2009 to 2012.
Employment growth – evaluations of growth in the percentage of employed residents from 2009 to 2012, relative to the statewide employment growth over the same period.
Income growth - growth in the median income for workers from 2009 to 2012. Here’s a more detailed breakdown of the numbers:
10. Fort Collins
Population Growth: 7.0%; Employment Growth: 0.4%; Income Growth: 7.5%
Population Growth: 5.5%; Employment Growth: 0.4%; Income Growth: 11.5%
Population Growth: 1.8%; Employment Growth: 3.8%; Income Growth: 12.4%
7. Castle Rock
Population Growth: 13.4%; Employment Growth: 3.2%; Income Growth: 4.1%
6. Wheat Ridge
Population Growth: 4.6%; Employment Growth: 5.8%; Income Growth: 17.0%
Population Growth: 5.8%; Employment Growth: 1.6%; Income Growth: 14.3%
Population Growth: 7.3%; Employment Growth: 1.5%; Income Growth: 13.6%
3. Columbine Valley
Population Growth: 4.2%; Employment Growth: 2.3%; Income Growth: 15.8%
Population Growth: 16.1%; Employment Growth: 1.7%; Income Growth: 14.3%
Population Growth: 8.7%; Employment Growth: 1.9%; Income Growth: 17.2%
Ken Blevins, Chief Executive Officer of Metrowest Real Estate Services, is a veteran in mortgage and default servicing with more than 23 years of experience in collections, foreclosure/bankruptcy, los....
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