Top Ten Most Expensive CO Cities
|1||Cherry Hills Village|
With a mean elevation of 6,800 feet, Colorado is the nation's highest state. It boasts 54 peaks over 14,000 feet (known colloquially as "fourteeners"), including Pikes Peak, one of the state's leading tourist attractions. Colorado's largest city and capital, Denver is known as the Mile High City - its elevation is exactly 5,280 feet.
Colorado remains primarily a rural state. Denver's population grew 18 percent from 1990 to 2000, but still has barely half a million residents. Only one other city, Colorado Springs, even falls in the top 50 U.S. cities (49th) with a population of 369,000. More than half of the Centennial State's population lives outside the 10 largest metro areas, an indicator that Colorado retains its frontier character even into the 21st century.
Colorado is dominated by the Rocky Mountains, and is bisected by the Continental Divide running north to south, along which sit seven of the state's largest cities. The Eastern third of Colorado is plateau, and the economy in this part of the state relies heavily on agriculture, especially livestock ranching and production of a few major crops, including sugar beets, wheat, dry beans and barley. Historically, a mining state, Colorado still produces significant amounts of coal, molybdenum, uranium, aggregates (gravel, construction sand) and gold. The world's largest gold producer, Newmont Mining Corp., is based in Denver, and the state ranks third in the U.S. in gold production.
In response to the Great Depression, which severely impacted Colorado's mining industry and agricultural economy, the state's economy began to shift more towards tourism and government employment. The establishment of the U.S. Air Force Academy and the North American Aerospace Defense Command (NORAD) in the Colorado Springs area during the 1950s created thousands of military and civilian jobs; currently there are nine military facilities located in Colorado with more than 60,000 personnel.
Colorado may be best known for its winter sporting industry. Thanks to its sunny, dry climate and famously powdery snow, Colorado's 25 ski resorts generate $2.5 billion in revenues annually. Despite perennial concerns over water shortages in the West generally, and reports that the ski industry may be adversely impacted by global climate change, the real estate market for second homes in upscale resort areas such as celebrity Mecca Aspen and historic Vail remains strong. Real estate sales in Eagle County (Vail) nearly doubled to a record high of $2.7 billion in 2005, while Pitkin County (Aspen) reported an average home sale price of $1.3 million compared with the U.S average of $225,000 in mid-2006.
|NUMBER OF HOMES AND APARTMENTS||1,972,868|
|COLORADO HOME OWNERSHIP|
|% OWNER OCCUPIED||68.69%|
|% RENTER OCCUPIED||30.97%|
|TYPE OF COLORADO HOMES|
|SINGLE FAMILY DETACHED||65.55%|
|ROWHOUSES AND ATTACHED HOMES||6.75%|
|SMALL APARTMENT BUILDINGS||4.95%|
|COMPLEXES OF HIGH RISE APARTMENTS||18.16%|
|SIZE OF COLORADO HOMES|
|5 OR MORE BEDROOMS||7.41%|
|AGE OF COLORADO HOMES|
|NEWER HOMES (2000 OR LATER)||18.54%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||52.01%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||21.26%|
|HISTORIC (1939 OR BEFORE)||7.86%|
|COLORADO REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$240,484|
|MEDIAN RENTAL PRICE||$926|
|HOME VALUE RANGE|
|$0 - $51,000||4.72%|
|$51,001 - $103,000||5.44%|
|$103,001 - $206,000||29.15%|
|$206,001 - $309,000||27.96%|
|$309,001 - $412,000||14.60%|
|$412,001 - $515,000||6.94%|
|$515,001 - $772,000||6.99%|
|$772,001 - $1,029,000||2.07%|
|PEOPLE OF COLORADO||DETAILS|
|UNDER 5 YEARS||6.84%|
|5 TO 17||17.53%|
|18 TO 24||9.70%|
|25 TO 34||14.44%|
|35 TO 54||28.68%|
|55 TO 64||11.88%|
|65 YEARS AND OVER||10.88%|
|EDUCATION ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||89.01%|
|MEDIAN HOUSEHOLD INCOME||$62,387|
|PER CAPITA INCOME||$30,254|
|INDIVIDUALS BELOW POVERTY LEVEL||12.31%|
|INDUSTRIES PEOPLE WORK IN||Education (19.01%)
Professional, scientific, and technical services (12.63%)
Public Service (4.81%)
Information Technology (3.31%)
Real estate (2.74%)
|BLACK OR AFRICAN AMERICAN||4.01%|
|AMERICAN INDIAN AND ALASKA NATIVE||1.11%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.13%|
|SOME OTHER RACE ALONE||7.24%|
|TWO OR MORE RACES||3.43%|
|HISPANIC OR LATINO (OF ANY RACE)||20.65%|
|ETHNICITIES PRESENT||Other groups (30.79%)
|LANGUAGES SPOKEN||English (83.21%)
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