NerdWallet considers cost of living, education and economic growth
San Francisco, CA (October 21, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the best places in Colorado for young families – and Castle Rock ranked ninth.
To find the best communities for future parents and young families alike, NerdWallet evaluated 44 cities, towns and census-designated places and examined the following variables:
- Public school ratings
- Median home value
- Monthly homeowner costs
- Median income
- Long-term income growth
Affordability and growth are part of Castle Rock’s allure. With 32% growth in income and median home values of $275,900, the area is poised for new homes and businesses. Castle Rock Chamber of Commerce, in partnership with the Downtown Development Authority, provides resources for local entrepreneurs and ensures their success through initiatives, programs and development of town infrastructure. In 2012, the town dedicated $5 million to economic development, which helped bring companies such as Digital Globe Services to Castle Rock. The Chamber also strives to keep the historic charm of the town intact, with events such as the upcoming Castle Rock Starlighting, an event that dates back to 1935.
“Colorado’s mining past has inspired the state’s present day movement towards growth and innovation,” said Spencer Tierney, an analyst at NerdWallet. “Our study revealed that urban renewal programs are on the rise as communities focus on downtown development, road construction projects and retail expansion” said Tierney.
Other places in the top 10 include Parker and Steamboat Springs. See the full study here.
For more information about NerdWallet, visit nerdwallet.com/cities.