These Are The 10 Richest Cities In Colorado For 2018

We analyzed over 111 places in Colorado to determine where the 1% live.

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Castle Pines, Cherry Hills Village, Erie: These cities aren’t just some of the best places to live in Colorado. They are also home to some of the richest people in the Centennial State.

Castle Pines in particular houses the richest residents in the state thanks, in part, to a median household income of $140,764 and a ridiculously low poverty rate of 1.6%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Colorado share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 75 places in Colorado with more than 5,000 people.

At the end of the day, here’s the set of the 10 richest places in Colorado for 2018:

  1. Castle Pines (Photos | Homes For Sale)
  2. Cherry Hills Village (Photos | Homes For Sale)
  3. Erie (Photos | Homes For Sale)
  4. Greenwood Village (Photos | Homes For Sale)
  5. Wellington (Photos | Homes For Sale)
  6. Eagle (Photos | Homes For Sale)
  7. Frederick (Photos | Homes For Sale)
  8. Superior (Photos | Homes For Sale)
  9. Lone Tree (Photos | Homes For Sale)
  10. Parker (Photos | Homes For Sale)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Colorado.

Rich people not your cup of tea? Feel free to check out the best places to live in Colorado or the poorest.

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How We Determined The Richest Places In Colorado For 2018

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 2012-2016 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 75 places with more than 5,000 people in Colorado, we ranked each place from 1 to 75 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, Castle Pines, crowned the ‘Richest Place In Colorado For 2018’.

You can learn more about the top ten below or skip to the end to see the rankings for all 75 places.

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1. Castle Pines

Castle Pines, Colorado

Source: Public domain

Population: 10,389
Median Income: $140,764
Unemployment Rate: 3.0%
Poverty Rate: 1.6%
More on Castle Pines: Homes For Sale | Data
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 (31 km) 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.

2. Cherry Hills Village

Cherry Hills Village, Colorado

Population: 6,414
Median Income: $224,125
Unemployment Rate: 4.0%
Poverty Rate: 2.5%
More on Cherry Hills Village: Homes For Sale | Data

3. Erie

Erie, Colorado

Population: 20,801
Median Income: $110,877
Unemployment Rate: 2.9%
Poverty Rate: 4.4%
More on Erie: Homes For Sale | Data

4. Greenwood Village

Greenwood Village, Colorado

Population: 15,208
Median Income: $116,743
Unemployment Rate: 3.2%
Poverty Rate: 4.6%
More on Greenwood Village: Homes For Sale | Data
The City of Greenwood Village is a Home Rule Municipality located in Arapahoe County, Colorado, United States. The city is a part of the Denver-Aurora-Lakewood, CO Metropolitan Statistical Area. As of 2010, the city has a total population of 13,925.

5. Wellington

Wellington, Colorado

Population: 7,409
Median Income: $79,411
Unemployment Rate: 2.2%
Poverty Rate: 2.4%
More on Wellington: Homes For Sale | Data
Wellington is a Statutory Town in Larimer County, Colorado, United States. The population was 6,289 at the 2010 census.

6. Eagle

Eagle, Colorado

Source: Public domain

Population: 6,603
Median Income: $111,808
Unemployment Rate: 2.1%
Poverty Rate: 6.6%
More on Eagle: Homes For Sale | Data
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.

7. Frederick

Frederick, Colorado

Population: 10,791
Median Income: $90,321
Unemployment Rate: 3.7%
Poverty Rate: 3.4%
More on Frederick: Homes For Sale | Data
The Town of Frederick is a Statutory Town in Weld County, Colorado, United States. The population was 8679 at the 2010 census.

8. Superior

Superior, Colorado

Population: 12,928
Median Income: $114,310
Unemployment Rate: 4.3%
Poverty Rate: 4.1%
More on Superior: Homes For Sale | Data
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.

9. Lone Tree

Lone Tree, Colorado

Population: 12,808
Median Income: $115,049
Unemployment Rate: 4.3%
Poverty Rate: 4.5%
More on Lone Tree: Homes For Sale | Data

10. Parker

Parker, Colorado

Population: 48,442
Median Income: $101,969
Unemployment Rate: 4.0%
Poverty Rate: 4.8%
More on Parker: Homes For Sale | Data

There You Have It – The Wealthiest Places In Colorado For 2018

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:

Poorest: Alamosa
2nd Poorest: Gunnison
3rd Poorest: Pueblo

For more Colorado reading , check out:

  • 10 Most Diverse Cities In Colorado
  • 10 Safest Places In Colorado
  • 10 Worst Places To Live In Colorado
  • Detailed List Of The Richest Cities In Colorado

    City Rank Median Income
    Castle Pines 1 $140,764
    Cherry Hills Village 2 $224,125
    Erie 3 $110,877
    Greenwood Village 4 $116,743
    Wellington 5 $79,411
    Eagle 6 $111,808
    Frederick 7 $90,321
    Superior 8 $114,310
    Lone Tree 9 $115,049
    Parker 10 $101,969
    Castle Rock 11 $93,153
    Milliken 12 $79,775
    Vail 13 $73,125
    John 14 $83,264
    Centennial 15 $96,422
    Louisville 16 $94,304
    Monument 17 $98,397
    Gypsum 18 $79,286
    Windsor 19 $86,410
    Broomfield 20 $83,334
    Firestone 21 $90,991
    Thornton 22 $69,417
    Lafayette 23 $72,895
    Arvada 24 $72,010
    Carbondale 25 $64,250
    Avon 26 $56,223
    Littleton 27 $67,133
    Brighton 28 $62,316
    Aspen 29 $67,776
    Westminster 30 $69,805
    Berthoud 31 $61,767
    Loveland 32 $59,353
    Estes Park 33 $48,533
    Woodland Park 34 $65,972
    Salida 35 $39,706
    Steamboat Springs 36 $53,996
    Lakewood 37 $58,227
    Commerce City 38 $67,787
    Durango 39 $60,334
    Fountain 40 $59,497
    Northglenn 41 $59,188
    Craig 42 $50,567
    Golden 43 $59,028
    Evans 44 $51,238
    Longmont 45 $62,847
    Denver 46 $56,258
    Glenwood Springs 47 $55,241
    Wheat Ridge 48 $49,340
    Lochbuie 49 $52,204
    Fort Lupton 50 $52,154
    Fort Morgan 51 $44,383
    Boulder 52 $60,569
    Colorado Springs 53 $56,227
    Fort Collins 54 $57,831
    Aurora 55 $55,303
    Manitou Springs 56 $52,646
    Rifle 57 $57,018
    Englewood 58 $50,184
    Federal Heights 59 $37,474
    Fruita 60 $52,479
    Brush 61 $40,455
    Greeley 62 $50,483
    Trinidad 63 $39,379
    Cortez 64 $39,530
    Grand Junction 65 $46,016
    Delta 66 $37,159
    Montrose 67 $41,547
    Sterling 68 $36,282
    Edgewater 69 $44,046
    Sheridan 70 $43,679
    La Junta 71 $31,999
    Lamar 72 $37,177
    Pueblo 73 $35,770
    Gunnison 74 $36,094
    Alamosa 75 $28,167

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