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People move around for many different reasons. These reasons can be classified as economic, social, political, or environmental. Economic migration means movement in search of greener pastures, a better career, and a high-paying job, while social migration is moving in search of a better quality of life, perhaps with your family and friends. Political migration is moving to escape war or political persecution, and finally, environmental migration is moving in search of a safer environment, calamity, and disaster-free.
Except for the third one, the other three are usually the reasons encouraging people to move around. In today's blog, we will discuss why Colorado is a particularly great choice if you're thinking about your next place to stay.
Why Colorado?
Often called "Colorful Colorado," this state offers many opportunities for individuals or families to acquire a great career and indulge in a spirit of adventurism. With its soaring Rocky Mountains, lush green valleys, and roaring rivers, Colorado has a lot to offer regarding natural beauty. This unique blend of economic stability and the stunning natural landscape continues to draw in new residents from around the United States year after year. Will you be the next one?
Colorado officially became a state on August 1, 1876, 100 years after the Declaration of Independence was signed, thus earning the moniker: "Centennial State."
5.7 million people call Colorado (CO) their home. A number that is continuously on the rise, at least based on the US Census Bureau. Their data shows that from 2017 to 2018, CO's population grew by 1.4%, putting it in the nation's top 7 fastest-growing states.
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If you're already planning on moving, we're sure many newcomers will also join you. People do not relocate to Colorado for the scenery alone; they also consider moving due to its bustling and booming economy, comprehensive education options, and promising real estate market.
Colorado is the 8th in rank in size, occupying a whopping 104,000 square miles of land area. Of course, this means that as a state, Colorado is massive, so that begs the question: "If ever you move, which community would be the best choice?"
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Let's start with Denver. Known as the "Mile High City," Denver continuously ranks as one of the most desirable cities to live in the US. In addition, various surveys often rank Denver as among the top 5 best places to live in the country.
Denver is also known to be a haven for sports and entertainment lovers. It is, after all, home to the likes of the Rockies, The Broncos, Avalanche, and The Nuggets. It's also known for its vibrant live music scene. Regular concerts are held at the breathtaking Redrocks Amphitheatre, a few minutes from downtown.
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The city also has something for those interested in the arts. Denver also has a thriving art community where each of the seven art districts hosts regular art walks around the city.
The average house price in Denver is $426,200. If you're interested in leasing, a one-bedroom flat will cost around $1,250 per month.
Aurora is another city that's only a short drive away from Denver. It offers the convenience of a cosmopolitan lifestyle yet provides space for peace. The town is noted for its diverse population, contributing to a vibrant culture enjoyed by families, retirees, and young professionals.
House prices in Aurora are relatively affordable, with an average house price of $356,500.
Suppose you're more of a nature lover. In that case, Colorado Springs is an excellent place to consider, as it lets you have a crack at various outdoor activities and experience the grandeur of the Rocky Mountains. For example, the Garden of the Gods is a 1300-acre natural park of sandstone rock formations, the favorite hiking ground among the locals.
Some essential sites in this town include the US Air Force Academy and the historic district of Old Colorado City in the downtown area. The latter has vibrant bars featuring live music, hipster coffee shops, and boutiques.
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With the cost of living 6% less than the national average, it's no wonder many people consider Colorado Springs their primary choice. The average house costs around $341,000, while the median rent is a reasonable $1,070 monthly for a one-bedroom apartment.
Other cities worth checking out are Fort Collins, Castle Rock, Boulder, and Lakewood.
Our Top 5 Reasons To Move Into Colorado
Now that we have discussed why you have to pick Colorado and where you can choose to move to Colorado, we will now get down to the article's meat.
1. Proximity To Nature
We're noticing a shift in the preference of homebuyers. Before, people flock to the metropolitan areas for the simple reason that it's closer to where they work. Additionally, food, conveniences, shops, supplies, and entertainment venues are limited only to urban areas.
However, during recent years, and especially during this pandemic, it was proven that a company can still run despite their employees working remotely (of course, this does not apply to all industries, but you get the point). Due to the need to have a dedicated workspace (so as not to sacrifice productivity while working at home), people need to have bigger houses.
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People also realize that it is detrimental to their health to be constantly exposed to various pollutants in urban areas in the long term. Thus, they'd rather live in suburban areas or at least those close to nature and offer many open spaces even if it means taking some pay cut. That's just how this increased awareness of health has changed the dynamics.
In Colorado, there are plenty of outdoor recreational activities and adventures to enjoy after you move in. Award-winning ski resorts await you during the wintertime. Residents can take advantage of the many snowy trails and ski slopes. Colorado has some of the most popular and breathtaking skiing and snowboarding destinations in the world. In the summertime, you can engage in various adrenaline-pumping activities, from whitewater rafting, kayaking, and fly fishing to horseback riding, hiking, and camping.
Colorado also has several national parks and natural wonders. So whether you're looking for turquoise-hued lakes, towering mountains, intriguing caverns, imposing waterfalls, and curious rock formations, Colorado has everything any nature lover could ever want.
So, this brings us back to how moving to Colorado benefits your health. Owing to the state's endless number of outdoor activities, a wide range of healthy food options, and a health-conscious community, Colorado is one of the healthiest states in the country. The state consistently has the lowest obesity rate with America's Health Rankings, including Colorado in its top 10 most beneficial states list. In addition, Colorado boasts a meager percentage of obese residents and children in poverty, as well as a low prevalence of diabetes.
2. Economic Climate Is Steadily Growing
Colorado has shown impressive economic growth during the last few years. It has enjoyed a steady increase in its gross domestic product (GDP), thus making it one of the strongest state economies in the United States. This economic growth also means that the values of goods and services produced by Colorado's economy are amid a positive, upward trend.
In 2017, WalletHub ranked Colorado as first among states regarding job opportunities and the second most attractive state for employment. So, if your purpose in moving is to find a good job or advance your career, this makes Colorado one of the top contenders.
The state also came in third for "healthiest economy," eighth for "innovation potential," and ninth for "economic activity." The Colorado General Assembly points to the state's many entrepreneurial residents and innovative industries as the reason for its strength. Colorado also hosts various sectors such as agriculture, tourism, software development, biochemistry, aerospace, farming, and mining. So, no matter which field you're from, there is an opportunity for you in Colorado.
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Did you know that Colorado is newcomer-friendly when it comes to taxes? According to SmartAsset, the State of Colorado has "low property taxes and a flat income tax rate of 4.63 percent." Colorado also has the lowest sales tax of any state that imposes a sales tax. Colorado's property tax bills are cheaper than those in other states. If this doesn't convince you, we don't know what will.
3. Striking A Healthy Work-life Balance Is Made Easy
Living in Colorado will give you many ways to have a balanced work-life lifestyle. Spend your weekends in any of the following national parks:
• Rocky Mountain National Park
• Mesa Verde National Park
• Vail and all the mountain towns that are along the I-70 Corridor
• The hot springs at Glenwood Springs (and don't forget about the Canyon)
• Black Canyon National Park
If you get up early enough in the day, you can visit Yellowstone National Park for some weekend exploring. Colorado's centrally located, giving you access to more than a dozen national parks or monuments.
If you're not one for outdoor activities, do not fret. Colorado's cities also have vibrant hubs in their own right, home to world-class museums, mouth-watering restaurants, and a thriving arts and entertainment scene. As a result, you will find plenty of activities to engage in Colorado's cities.
Speaking of food, the first time you bite into a Palisade peach will undoubtedly imprint your tastebuds. Green chili is another local favorite that everyone enjoys. Olathe Sweet Corn Festival is also one of the events to which everyone looks forward. Spending a weekend touring the vineyards around Mt. Garfield would make you think you're being transported to Napa Valley.
If you want a slow-paced activity, why not check out the local breweries in Colorado? Beer is one of the thriving industries in Colorado's economic scene. You will find it fascinating to learn about all the large breweries and microbreweries present in the state. From known brands such as Coors to Breckenridge Brewery, there is something that appeals in Colorado to accommodate the different preferences of each patron.
Ready to find your dream home in Denver?
Let us help you. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents.
4. A Great Place For Sports Fans
Moving to Colorado will involve continuing your love for sports. Being the fitness-focused state we are, there's always a sporting event to attend.
There are five professional sports leagues in the Denver Metropolitan Area engaged in sports such as football, basketball, baseball, hockey, and soccer. Local teams enjoy substantial local support from the state, enabling them to reach heights and help them win several vital competitions. For example, in 2015, the Broncos won the Super Bowl championship (their 3rd overall). In addition, the Denver Nuggets and Colorado Avalanche often reach the playoffs, and the Colorado Rockies beat the National League championship in 2017. This constant string of success keeps their fans loud and proud.
College sports are also developed at a very high level.
5. Real Estate Values Are Reasonable
Last but certainly not least, despite being a desirable place to live, Colorado's real estate property prices remain as affordable as possible, with the cost of homes in Denver and other Colorado cities not nearly as high as the cost of homes in some USA cities, including New York.
According to Zillow.com, the median average cost of a home in Colorado is currently around $364,600. Real estate prices have risen over 14%, and they are expected to increase by another six percent by the end of the year. If you buy a property now, you may still enjoy a decent capital appreciation.
A Colorado home purchased now may become a worthwhile asset until retirement, especially if you bought a property and paid off its mortgage sooner. You can then finance your retirement by accessing a reverse mortgage loan when you are 62 or older. Reverse mortgage loans allow you to trade home equity in return for scheduled payments.
Relocation Services by Area
Ready to find your dream home in Denver?
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Summary
Locals already know why so many are beginning to discover the allure of Colorado. Due to its various accolades, Colorado is no longer a "hidden gem" but a coveted destination for many looking to set down roots somewhere new.
Colorado offers a high quality of life, access to beautiful weather, a thriving, environmentally friendly, and health-conscious culture, and a whole lot more! We hope this guide sheds some light on the merits of moving to Colorado, and we hope to see you around soon.