Home to playgrounds like Aspen and Vail, Colorado attracts thousands of the world’s wealthiest to ski and party in its slopes every year. But while we know where the rich and famous from other states like to hang out when they’re visiting, where do The Centennial State’s own rich folk tend to congregate? Strangely enough, it’s not Aspen. Neither is it Vail or any of the other resort towns. Find out which city boasts the biggest number of high earners, the lowest poverty rates, and the highest property prices as we count down the 10 richest cities in Colorado.
Kicking things off is Frederick, a small city with a rich history, the lowest crime stats in Colorado (a fact it’s very keen to highlight after becoming the center of the Netflix real-life crime documentary “American Murder: The Family Next Door”), a poverty rate of just 1.8 percent, virtually no unemployment, and ample job opportunities. Thanks to all those jobs, the median income is a very noteworthy $105,827. The median home value is an equally substantial $363,200.
9. Castle Rock
Castle Rock is a mid-sized city of 62,417. Not everyone there is dripping in riches, but a significant number are. The median income of $109,700 doesn’t exactly leave a lot to be desired. As you’d expect, all that wealth is reflected in the property market, with the average single-family home costing a substantial $422,100 and the average rental property fetching an equally substantial $1,536.
Ranked by Home Snacks as one of the richest places to live in Colorado, Centennial is a sizeable city of 110,218 located just a short distance from Denver. It’s not the kind of place you can get by in without a decent salary to your name – with a median property price of $433,800, you can expect to put down a decent chunk of change on a mortgage. Fortunately, most residents are earning enough not to mind those sky-high home prices; as of 2021, the median income is a very impressive $109,324.
Parker is a mid-sized city of 54, 352 that serves as a commuter town for Denver. Offering easy access to the state capital, a wealth of job opportunities, and some very attractive features (including a busy schedule of community events, a superb network of trails for hiking, biking, and horseback riding, and a clutch of first-rate restaurants), it’s unquestionably a great place to live. Thanks to a median income of $110,934, a median home value of $420,000, an unemployment rate of 2.9 percent, and a poverty rate of 3.3 percent, it’s also a very rich one.
Erie is a city of 24,223 people in Boulder and Weld counties. It’s not the biggest or liveliest of places, but it does have the distinction of having the 6th highest snowfall of anywhere in the US, making it a hot destination for anyone with a passion for winter sports. It also has the distinct honor of being one of the richest places in Colorado thanks to a whopping median income of $119,555. The median home value is equally significant, with the average single-family home fetching an impressive $468,600.
5. Lone Tree
Lone Tree might have a tiny population of just a little under 13,000, but it actually ranks as one of the fastest-growing areas in the state, thanks in no small part to its proximity to the bright lights and big-city opportunities of Denver. Over the past few years, the wealth of the city has grown astronomically, pushing the median income to $120,392 and the median home value to a massive $634,000. When you consider how those high incomes and high home prices are accompanied by a poverty rate of just 2.2 percent and an unemployment rate of 2.8 percent, you can see why it’s one of the very richest cities in the state.
If the thought of a median income of $127,292 gets you excited, Superior could be just the city for you. You’ll need to have a good chunk of savings in place before making the move, though – with a median property value of $576,800, finding a home that won’t leave a significant dent in your bank balance is nigh on impossible. In addition to the high incomes and equally high home prices, the city boasts a poverty rate of just 4.2 percent and an unemployment rate of 2. 5 percent – combine all those things together, and it’s easy to see why it’s considered one of the wealthiest cities in Colorado.
3. Greenwood Village
According to colorado.com, Greenwood Village was settled around 1860 after gold was discovered at the meeting point of Cherry Creek and the South Platte River. Located just south of Denver, the city has a small population of 13 thousand but a massive number of commuters – thanks to a buoyant job market and the opportunities presented by employers such as the Denver Tech Centre, around 60 thousand people commute into the city each day. Those that decide to stick around and make it their permanent home can look forward to a wealth of opportunities, a median income of $129,035 and, thanks to a median home value of $927,900, a very hefty mortgage.
2. Castle Pines
According to newcountry991.com, houses in Castle Pines look like they’ve been plucked from a magazine. Considering most of them cost in the region of $615,400, that’s not exactly surprising. If you thought you might be able to save a few dollars by renting rather than buying, think again – with a median rent of $1,768, there’s no escaping the high costs. Fortunately, most people are still quite comfortable thanks to an astronomical median income of $163,819. Both the poverty and unemployment levels are as low as low can be, with the former at 1.7 percent and the latter at 2.4 percent.
1. Cherry Hills Village
The richest city in Colorado by a clean mile is Cherry Hills Village. Unless you want to stick out like a sore thumb, you’ll either need to have a superbly high-paying job or be sat on a very handsome trust fund – with a median income of $250,001, most people in the city clearly have both. Poverty and unemployment are both next to nonexistent at 3.5 percent and 3 percent respectively. The median home value, meanwhile, is a heart-stopping $1,727,100. The cost of renting a property isn’t any cheaper, with a median rent of $2,201.