Logistics may be one of the biggest factors in how well an area grows, as all 10 of Colorado’s cities on the rise listed in a newNerdWallet report are near the Interstate 25 corridor.
The personal finance website ranked 31 Colorado cities with a population of 20,000 or more for its study.
- The slideshow here shows the top 10 Colorado cities on the rise.
To compile the data, the San-Francisco based company looked at:
- Population growth from 2009 to 2012.
- Employment growth relative to statewide growth from 2009 to 2012.
- Income growth based on the median income for workers from 2009 to 2012.
Eight out of the top 10 cities had a rise in median income of more than 10 percent from 2009 to 2012. Cities near Colorado Springs saw the biggest bumps, with greater rises in income and population than those nearby Denver, according to NerdWallet.
Metro Denver’s unemployment rate dropped to 5.2 percent in June, and the state boasts the sixth-fastest growing growth domestic product (GDP) in 2013, according to the Bureau of Economic Analysis.
Colorado was also the fourth fastest-growing state from 2012 to 2013, according to the U.S. Census Bureau.
NerdWallet creates reports on education, health care, insurance, banking, credit card, shopping and travel and some mortgage reports and analyses.
7. Castle Rock. Population Growth: 13.4%; Employment Growth: 3.2%; Income Growth: 4.1% (all stats are for the 2009-2012 time period).
Caitlin Hendee is digital producer and social engagement manager for the Denver Business Journal. Email: chendee@bizjournals.com. Phone: 303-803-9226. View article in it’s entirety here.
7. Castle Rock. Population Growth: 13.4%; Employment Growth: 3.2%; Income Growth: 4.1% (all stats are for the 2009-2012 time period).
