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You are just one minute away from learning where Colorado's richest places are located.
Now that you're here, HomeSnacks is super happy to tell you where the richest places are located in Colorado for 2020; but first, we think that you should take a look at how we identified The Centennial State's cream of the crop.
Folks, the competition out of the gate was fierce to say the least. There are a lot of wealthy people in Colorado and a lot of wealthy places that placate to the state's one percent. So, we had to break it down by giving every place with 5,000 residents a Wealth Score: we ended up with 78 Colorado cities that anyone with some cash in their pocket would be lucky to call home. And, yes, you're going to need a fat bank account if you think you're going to live in one of Colorado's richest places.
But, we're here to tell you that you're not going to have to grow or sell marijuana to live in one of the state's richest places to be happy, wealthy, and livin' the Colorado dream. The median income in most of the top ten is close to $80,486/year, and the jobs that are paying the highest in this state are in healthcare and engineering. That's right, if you want to live like Colorado royalty, go get one of those jobs and find yourself a favorite place from our list below; but don't wait too long, because Colorado is one of the fastest growing states in the country.
Want to know more? We suggest that you crank some John Denver, grab a quiet spot next to the Colorado River in Grand Junction, and read on.
At the end of the day, here's the set of the 10 richest places in Colorado for 2020:
- Cherry Hills Village (Photos | Homes For Sale)
- Superior (Photos | Homes For Sale)
- Castle Pines (Photos | Homes For Sale)
- Eagle (Photos | Homes For Sale)
- Lone Tree (Photos | Homes For Sale)
- Parker (Photos | Homes For Sale)
- Castle Rock (Photos | Homes For Sale)
- Windsor (Photos | Homes For Sale)
- Centennial (Photos | Homes For Sale)
- Gypsum (Photos | Homes For Sale)
Now, if you guessed that Aspen and Vail made Colorado's richest list because this is where the rich and famous like to play, guess again. Actually, many of the state's richest places are located in the greater Denver area.
So, where is Colorado's number one richest place to live? According to the latest data, that would be Cherry Hills Village.
To see the other cities that made Colorado's top ten richest places, take a look below. And if you have some time on your hands, check out the state's worst places...it will REALLY put things in perspective.
Rich people not your cup of tea? Feel free to check out some more reading about Colorado:
The 10 Richest Cities In Colorado For 2020
The City of Cherry Hills Village is a home rule municipality located in Arapahoe County, Colorado, United States. The city population was 5987 at the 2010 United States Census. Cherry Hills Village is a part of the Denver-Aurora-Lakewood, CO Metropolitan Statistical Area. It is one of the most affluent places in Colorado and the United States.
The city hosted two PGA Championships and the 2005 U.S. Women's Open at the Cherry Hills Country Club.
The community was named for a grove of cherry trees near the original town site.
Superior is a Statutory Town in Boulder County in the U.S. state of Colorado, with a small, uninhabited segment of land area extending into Jefferson County. According to the 2010 census, the population of the city was 12,483.
The City of Castle Pines is statutory city located in Douglas County, Colorado, United States. As of the 2010 census, the population of the city was 10,360. By 2013, the United States Census Bureau estimated the population to have increased to 10,726. The city is situated 19 miles south-southeast of the Colorado State Capitol in Denver. The city is located north of the Town of Castle Rock and south of the City of Lone Tree, Colorado.
Eagle is a statutory town that is the county seat of Eagle County, Colorado, United States. The population was 6,508 at the 2010 census, up from 3,032 at the 2000 census.
Parker is a home rule municipality in Douglas County, Colorado, United States. As a self-declared "Town" under the Home Rule statutes, Parker is the second most populous town in the county; Castle Rock is the most populous. In recent years, Parker has become a commuter town at the southeasternmost corner of the Denver Metropolitan Area. As of the 2010 census the town population was 45,297; the estimated population in 2014 was 49,857. Parker is now the 19th most populous municipality in the state of Colorado.
Castle Rock is an affluent home rule municipality that is the county seat of Douglas County, Colorado, United States. The most populous municipality of the county, the community's population was 48,231 at the 2010 United States Census, with an estimated population of 55,747 as of 2014. It is named for the prominent, castle tower-shaped butte near the center of town. Located midway between Denver and Colorado Springs, Castle Rock is part of the Denver Metropolitan Area and the Front Range Urban Corridor.
The Town of Windsor is a Home Rule Municipality in Larimer and Weld counties in the U.S. state of Colorado. According to June 2016 estimates, the population of the town was 24,500. Windsor is located in the region known as Northern Colorado. Windsor is situated 59 miles north of the Colorado State Capitol in Denver.
The City of Centennial is a Home Rule Municipality located in Arapahoe County, Colorado, United States. The city population was 100,377 at the 2010 United States Census. Centennial is a part of the Denver-Aurora-Lakewood, CO Metropolitan Statistical Area. Centennial is the tenth most populous municipality in the state of Colorado and its 2001 city incorporation was the largest in U.S. history. Centennial is ranked as the 15th-safest city in the country.
Gypsum is a home rule municipality in Eagle County, Colorado, United States. The population was 6,477 at the 2010 census. Gypsum is the home of an American Gypsum drywall plant and mine.
How We Determined The Richest Places In Colorado For 2020
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 78 places with more than 5,000 people in Colorado, we ranked each place from 1 to 78 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Cherry Hills Village, crowned the "Richest City In Colorado For 2020". You can download the data here.
You can learn more about the top ten below or skip to the end to see the rankings for all 78 places.
There You Have It - The Wealthiest Places In Colorado For 2020
Like we said earlier, when we set out to identify the richest places in Colorado, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Colorado.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you're curious enough, here are the poorest cities in Colorado, according to data:
2nd Poorest: Pueblo
3rd Poorest: La Junta
For more Colorado reading, check out:
Detailed List Of The Richest Cities In Colorado
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