Currently, Colorado Springs has a population of around 464, 871. According to GOBankingRates, the lowest income to be considered “rich” falls at $122,763, which is 20% of our city’s population. The average income of the top 20% of Colorado Springs’ richest residents is $203, 661.
Is Colorado Springs a rich area?
Known for its large, historic homes and modern mansions, The Broadmoor neighborhood in Colorado Springs is among its wealthiest districts. This distinctive neighborhood is located in the Southwest area of Colorado Springs.
Where do rich people go in Colorado Springs?
Kissing Camels has some of the best views in Colorado Springs, with picturesque Pikes Peak landscapes and 360-degree views. The homes were built throughout many different decades, so the options within this luxury neighborhood are more expansive than most. Kissing Camels is the pinnacle of luxury for Colorado Springs.
What part of Colorado is rich?
Cherry Hills Village
The richest city in Colorado by a clean mile is Cherry Hills Village.
What is the most expensive neighborhood in Colorado?
Top ten most expensive cities in Colorado
| City | Average Price | |
|---|---|---|
| #1 | Aspen | $5,390,937 |
| #2 | Vail | $3,432,279 |
| #3 | Snowmass Village | $2,661,810 |
| #4 | Edwards | $2,480,822 |
Why is Colorado Springs so popular?
Olympic City
One reason Colorado Springs is so popular among professional athletes and coaches is because the city offers amazing natural training grounds and elevation. Athletes have been known to enjoy training with the beautiful Rocky Mountains in the background.
What is a good salary in Colorado Springs?
The average salary in Colorado Springs is $47,359. A good hourly wage in Colorado Springs is $19.71 per hour. That works out to a good weekly wage of $788 per week and a good monthly wage of $3,416 per month. However, using the median income is only one way to calculate a good salary in Colorado Springs.
What is the racial makeup of Colorado Springs?
Colorado Springs Demographics
White: 77.26% Two or more races: 7.94% Black or African American: 6.28% Other race: 4.58%
What is the nicest area of Colorado Springs?
Best Places to Live in Colorado Springs
- Briargate. Located in northeast Colorado Springs, Briargate is one of the up-and-coming areas to live in with its modern suburbs and shopping centers nearby.
- Rockrimmon.
- Broadmoor.
- Pleasant Valley.
- Peregrine.
- The Farm.
- Black Forest.
Who is the richest family in Colorado?
Forbes lists 12 billionaires having homes in Colorado.
- #8. Cargill MacMillan III.
- #7. Kenneth Tuchman.
- #6. Pat Stryker.
- #5. James Leprino.
- #4. Mark Stevens.
- #3. Charles Ergen.
- #2. John Malone. – Net worth: $7.2 billion (#324 wealthiest in the world)
- #1. Philip Anschutz. – Net worth: $10.9 billion (#180 wealthiest in the world)
Where do millionaires live in Colorado?
In Colorado, Denver is home to more billionaires than any other city. A total of four billionaires live in Denver with a combined net worth of $23.5 billion. Of Denver residents with a minimum 10-figure net worth, Philip Anschutz is the wealthiest, worth an estimated $10.1 billion.
What is the poorest city in Colorado?
Pueblo was ranked the poorest city in Colorado in a 24/7 Wall St. analysis examining U.S. municipalities where households earn less than the nation’s median annual household income of $65,712.
Is Colorado a poor state?
Overall, out of Americans for whom the Census Bureau was able to determine poverty status, 42.31 million lived below the poverty line (or 13.15% of the total population).
List.
| State or Territory | Colorado |
|---|---|
| Population | 5,563,823 |
| Population under Poverty Line | 544,232 |
| Poverty Rate | 9.78% |
Where do millionaires live in Denver?
Located just south of the super-deluxe neighborhood of Cherry Creek, Auraria is a wealthy, well-heeled neighborhood with wealthy, well-heeled residents.
Why is Colorado so expensive?
Colorado homes have skyrocketed in value especially in highly sought after areas such as Denver, Boulder, and Colorado Springs. These home values have increased due to a variety of factors from the growing population, lower interest rates, and builders focusing on luxury homes.
Where is the most affordable place to live in Colorado?
The Cheapest Places to Live in Colorado
- Fruita.
- Trinidad.
- Colorado Springs.
- Brush!
- Fort Lupton.
- Federal Heights.
- Cañon City.
- Sterling. Sterling is a small city in northeastern Colorado with nearly 15,000 residents.
Is it better to live in Denver or Colorado Springs?
U.S. News and World Report ranked Colorado Springs as the second-best place to live in 2018, and the most desirable city in the country. Meanwhile, Denver was ranked as the third-best place to live and barely squeaked into the top ten for desirability.
What are the pros and cons of Colorado Springs?
Living in Colorado Springs Pros and Cons
- Pro: You’ll Have Plenty of Areas to Work Out and Get Fit. Fitness is a culture in Colorado Springs.
- Pro: Affordable Living.
- Pro: The City is Growing, But Doesn’t Feel Like a Big City.
- Pro: The Economy of Colorado Springs is Healthy.
- Con: The City is Having Growing Pains.
How much money do you need to live comfortably in Colorado Springs?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Required annual income after taxes | $28,668 | $72,000 |
| Annual taxes | $6,507 | $16,344 |
| Required annual income before taxes | $35,175 | $88,344 |
What is the main industry in Colorado Springs?
The Colorado Springs economy thrives on the military, defense, aerospace, software/ IT, and tourism industries.
What is minimum wage in Colorado Springs?
Federal minimum wage is currently $7.25 per hour, which is lower than the 2022 Colorado state minimum wage of $12.56. Therefore, based upon current information, covered employers in Colorado will have to pay their employees the higher value of $12.56 per hour under Colorado law beginning January 1, 2022.