Published: Jun 25th, 2024
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Considering a move to Colorado in 2024? With its stunning landscapes, thriving cities, and robust economy, Colorado continues to attract newcomers from all over the country.

With more sunny days than rainy ones, Colorado has the highest elevation in the country and is home to stunning mountains, rivers, plateaus, and canyons, making it a top tourist spot.

The state experiences a semi-arid climate, with average temperatures ranging from 45°F in the winter to 85°F in the summer.

If you are thinking about moving to Colorado and wondering if it’s the right place for you, we have compiled key information about the state to help you make an informed decision.

Did You Know?
Did You Know?

Colorado derives its name from the Colorado River, with "Colorado" meaning "colored red" in Spanish.

Colorado Population Analysis

Here's a quick overview of Colorado's population and demographics.

Male vs Female Population of Colorado

According to Colorado Gender Ratios, the population of males and females in Colorado is:

Category Statistics
Total Population 5,355,866
Male Population 2,691,159
Female Population 2,664,707
Difference (Men - Women) 26,452
Gender Ratio (Men: Women) 101: 100 (or 1.01)
Percentage Difference 0.49%
National Average Ratio 97: 100 (or 0.97)

Colorado’s Population Estimates by Age

According to the State Demography Office, here is the breakdown of Colorado’s Population Estimates by Age groups.

Ages Number, 2021 Number, 2022 2030 Forecast
Total 5,811,129 5,838,738 6,386,548
0 to 17 1,260,302 1,250,481 1,260,206
18 to 24 536,615 539,270 584,322
25 to 44 1,712,664 1,727,962 1,878,132
45 to 64 1,402,333 1,392,996 1,477,447
65 + 899,215 928,029 1,186,441

Top Reasons Why People Move to Colorado

People move to Colorado for a variety of reasons, but some of the top factors include:

  1. Natural Beauty: Colorado is renowned for its stunning natural landscapes, including the Rocky Mountains, national parks like Rocky Mountain National Park, and countless opportunities for outdoor activities such as skiing, hiking, and rafting. 
  2. Outdoor Lifestyle: Residents enjoy a healthy and active lifestyle with easy access to outdoor activities year-round. Whether it's skiing in the winter or hiking and biking in the summer, Colorado offers ample opportunities for outdoor enthusiasts.
  3. Climate: Many people are drawn to Colorado's relatively mild climate, with over 300 days of sunshine yearly, especially in areas like Denver and the eastern plains.
  4. Job Opportunities: Colorado's economy is diverse and growing, particularly in industries such as technology, aerospace, healthcare, and renewable energy. Cities like Denver and Boulder attract professionals seeking career advancement and opportunities.
  5. Quality of Life: Overall, Colorado consistently ranks high for quality-of-life metrics, including health, education, and overall happiness. Cities like Boulder often top lists for best places to live due to factors like low crime rates and strong community engagement.
  6. Cultural and Urban Amenities: Colorado offers a blend of urban and cultural amenities alongside its natural beauty. Cities like Denver and Boulder boast vibrant arts and cultural scenes, diverse dining options, and a strong sense of community.
  7. Education: Colorado is home to several renowned universities and colleges, including the University of Colorado Boulder and Colorado State University, attracting students and academics worldwide.
  8. Healthcare: The state is known for quality healthcare facilities and services, particularly in the Denver metro area and other major cities.
  9. Family-Friendly Environment: Many families are attracted to Colorado for its excellent school systems, safe neighborhoods, and abundance of family-friendly activities and outdoor spaces.

Are you looking for the best places to live in the USA? Click here.

 Best Places to Live in Colorado

Colorado offers a diverse range of beautiful places to live, each with its own unique charm and appeal.

Place Population (est.) Median Home Value Unemployment Rate
Denver 708,948 $510,688 3.70%
Boulder 02,858 $826,250 2.9%
Fort Collins 359,000 $477,500 2.3%
Colorado Springs 502,306 $360,050 3.3%
Aspen 6,487 $3,420,000 2.1%
Durango 19,955 $545,000 2.5%
Golden 20,533 $871,170 2.7%
Steamboat Springs 13,386 $1,253,506 2.8%
Vail 4,453 $1,751,167 1.8%
Grand Junction 70,383 $399,933 3.7%
Did You Know?
Did You Know?

Colorado has an altitude exceeding 10,000 feet and contains approximately 75% of the United States's land area.

What is the Cost of Living in Colorado 

Colorado has a cost-of-living index of 121.1, which is higher than the national average, rated at 100. This means that overall, living expenses in Colorado are higher than the average across the United States.

 Here are some general insights into the cost of living in Colorado:

  • Housing Costs
City/Area Average Rent (1-bedroom) Average Rent (2-bedroom) Average Home Price
Denver $1,600 - $2,000 $2,000 - $2,500 $500,000 - $600,000
Boulder $1,800 - $2,200 $2,200 - $2,800 $700,000 - $800,000
Colorado Springs $1,200 - $1,500 $1,500 - $1,900 $400,000 - $500,000
Fort Collins $1,300 - $1,600 $1,600 - $2,000 $450,000 - $550,000
Rural Areas $800 - $1,200 $1,000 - $1,500 Varies widely
  • Utilities (Monthly)
Utility Cost Range
Electricity $70 - $150
Heating (Natural Gas) $50 - $150
Water $30 - $80
Internet $50 - $100
Mobile Phone $30 - $80
  • Food and Groceries (Monthly)
Item Cost Range
Groceries (for one person) $250 - $400
Dining Out (per meal) $10 - $20
  • Transportation (Monthly)
Expense Cost Range
Gasoline $100 - $200
Public Transit $50 - $150
Car Insurance $80 - $150
  • Healthcare
Service Cost Range
Doctor Visit (copay) $50 - $100
Prescription Drugs Varies
Health Insurance Varies
  • Taxes
Tax Type Rate (%)
State Income Tax 4.55%
Sales Tax (state average) 2.9%
Property Tax (state average) 0.6% - 1.2%
  • Lifestyle and Entertainment
Expense Cost Range
Gym Membership $20 - $80
Movie Ticket $10 - $15
Outdoor Activities Varies

Read more about how much does it cost to move a house.

 What Is Colorado Famous For?

Colorado is renowned for various reasons, making it a desirable place to live and visit. Here are some key aspects that define its appeal:

  • World-Class Skiing: Colorado boasts some of the best skiing destinations in the world, including Vail, Aspen Snowmass, and Breckenridge. The state's ski industry contributes significantly to its economy, with over 24 ski resorts attracting millions of visitors annually.
  • Legalized Marijuana: Colorado was among the first states to legalize recreational marijuana in 2012. Since then, the cannabis industry has grown rapidly, generating over $2.2 billion in sales in 2020 alone and contributing substantial tax revenue to the state.
  • Beautiful Mountains: The state's iconic Rocky Mountains provide stunning scenery and hiking, climbing, and photography opportunities. Colorado is home to 58 mountain peaks exceeding 14,000 feet in elevation, known as "Fourteeners," which draw outdoor enthusiasts from around the globe.
  • Beautiful Scenery: Colorado is known for its picturesque landscapes, from towering mountains to rolling plains and deep canyons. The state is home to four national parks—Rocky Mountain, Mesa Verde, Great Sand Dunes, and Black Canyon of the Gunnison—drawing over 15 million visitors annually.
  • Recreational Activities: With its diverse geography, Colorado offers abundant opportunities for physical activities such as hiking, wildlife viewing, and camping. The outdoor recreation economy supports over 511,000 jobs and generates $62 billion in consumer spending annually.

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 Job Market in Colorado

As of mid-2024, the job market in Colorado has a mixed yet generally positive outlook. The state has shown resilience in the face of economic challenges, including higher interest rates and inflationary pressures.

Let us have a look at the table:

Indicator Value/Trend Notes
Unemployment Rate 3.7% Slight increase from previous months​ (BLS.gov)
Job Growth Rate 1.1% Below the national average of 1.9%​
Total Nonfarm Employment 2,981,100 Slight increase over the previous months​ (BLS.gov)
Construction Sector Decreasing Impacted by higher interest rates​​
Professional & Business Services Increasing One of the stronger sectors​ (BLS.gov)
Manufacturing Sector Slightly increasing Showing minor improvement​ (BLS.gov)​​
Trade, Transportation, Utilities Slightly decreasing Some declines noted​ (BLS.gov)
Government Sector Increasing Contributing to overall job gains​​​
Ranking for Job Market 8th best in the U.S. Improved job opportunities​
Bachelor’s Degree Requirement Decreasing Many companies are eliminating this requirement​​​​

Best Schools and Universities in Colorado

Colorado is home to several highly regarded schools and universities known for their academic excellence, research opportunities, and vibrant campus life. Here are some of the best educational institutions in Colorado:

Colleges and Universities

Institution Location Type Notable Programs Ranking
University of Colorado Boulder Boulder Public University Engineering, Business, Environmental Sciences #1 in C.O. by U.S. News
Colorado School of Mines Golden Public University​ Engineering, Applied Science, Mathematics​ #34 National Universities by U.S. News​
Colorado State University Fort Collins Public University Veterinary Medicine, Engineering, Business #153 National Universities by U.S. News
University of Denver Denver Private University​​ Law, Business, International Studies​​ #93 National Universities by U.S. News​​
United States Air Force Academy Colorado Springs Military Academy Engineering, International Relations, Aeronautics #22 National Liberal Arts Colleges
Colorado College Colorado Springs Private College​​ Liberal Arts, Environmental Science, Anthropology​​ #27 National Liberal Arts Colleges​​
High School Location Highlights
Cherry Creek High School Greenwood Village, CO Consistently ranked among top high schools; strong academics and athletics
Fairview High School Boulder, CO Highly regarded for International Baccalaureate (I.B.) programs; college preparation emphasis​
Creekview High School Littleton, CO Academic excellence with a robust Advanced Placement (A.P.) program
St. Mary's Academy Englewood, CO Private, co-educational; rigorous college preparatory curriculum; community service focus​
Valor Christian High School Highlands Ranch, CO Strong academic programs, athletics and performing arts; emphasis on character development and leadership

Getting Around Colorado

Getting around Colorado can be a mix of various transportation modes depending on where you are and where you want to go. Here are some options:

Transportation Mode Description
Car Rental Convenient for exploring multiple locations and remote areas like national parks.
Public Transportation Buses and light rail (RTD) in cities like Denver are useful for urban and suburban travel.
Uber/Lyft Ride-sharing services are widely available, offering flexibility within urban areas.
Biking Many cities, including Denver, are bike-friendly, with rental options and dedicated lanes/trails.
Trains (Amtrak) Routes connect major cities like Denver with other states, which is convenient for longer distances.

Essential Tips for Moving to Colorado

Transitioning to Colorado is an exciting new chapter! Here are some tips to help you prepare:

  • Research Areas: Explore different cities and regions to find the best fit for your lifestyle and budget.
  • Budget Wisely: Consider the cost of living and plan your finances accordingly, especially housing costs.
  • Prepare for Weather: Colorado's weather can change quickly, so dress in layers and prepare for diverse conditions.
  • Job Market: Research job opportunities in your field as industries like technology and healthcare are growing.
  • Outdoor Gear: If you enjoy outdoor activities, budget for gear suitable for Colorado's terrain and climate.
  • Transportation: Consider transportation options based on where you'll live and work, such as public transit or owning a car.
  • Visit Ahead: If possible, visit Colorado beforehand to explore neighborhoods and get a feel for the area.
  • Recreation Permits: Familiarize yourself with permits if you enjoy outdoor activities in parks or wilderness areas.

Are you worried about where to start packing? Find top-notch packing tips here!

Frequently Asked Questions (FAQs)

Moving to Colorado can be great if you enjoy outdoor activities, a healthy lifestyle, and stunning natural scenery.

Colorado's cost of living varies by region. Still, areas like Denver and Boulder can be relatively expensive due to housing and living expenses.

According to the U.S. Census Bureau, Colorado's median household income is $87,598. Among the state's ten largest cities, Arvada boasts the highest median income, exceeding $100,000.

Colorado is popular due to its stunning natural landscapes, outdoor recreational opportunities like skiing and hiking, a healthy lifestyle ethos, vibrant urban areas, relatively high job growth in tech and other industries, and a generally high quality of life.


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