Things to Know Before Moving To Colorado
Dreaming of a place where you can enjoy skiing, hiking, fishing, snowboarding, and a number of other outdoor activities? If so, then Colorado is the place for you.
Colorado, a western U.S. state, is known all over the country as one of the most active, happy, safe, outdoorsy, and all around naturally beautiful states in the U.S. A brilliant landscape of mountains, high plains, canyons, rivers, forests, and desert lands make Colorado one of the most desirable states to live and retire.
One huge reason why people from all over the country are flocking to Colorado is the thriving economic growth and splendid job opportunities.
With some of the highest GDP growth in the entire country in recent years, you should clearly be thinking about moving to Colorado to find a good job or to advance your career. In addition, families living in this stunningly beautiful state have easy access to top public schools and affordable real estate. Universities like Colorado, Colorado State and the U.S. Air Force Academy grace the education scene, while pro sports teams include the Broncos, Nuggets, Rockies, and Avalanche. Whether you love the outdoors, want to explore the mountains, or enjoy cultural activities, Colorado can offer it all.
If you’re moving to Colorado, there are a lot of things you’re going to need to know. Luckily, you’ve come to the right place.
What Should I Know In 2020?
If you haven’t lived in Colorado before, there are many unknowns — even if you’ve visited the state many times. With growth being so fast here, a lot can change in just a few months.
Over the last few years, Colorado cities have grown and expanded more than ever. Because of this, there are lots more jobs and services available for residents of the state.
According to The Denver Post, Colorado’s job market is one of the strongest and most consistent in the nation and has been since the mid-’90s.
Businesses and households are assessing the health of their balance sheets, taking stock of ongoing risks, and adjusting to a new economic environment. These shifts pose challenges and opportunities for the year ahead. From September 2020 lows, this forecast assumes ongoing growth in economic activity for the state and nation in the years ahead. Yet, the recovery will take years to reach pre-recessionary levels of activity as businesses and households continue to face challenges posed by COVID-19-related health and economic uncertainty.
Due to the high demand, the cost of living is more expensive and there’s a lot more traffic.
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Traffic & Transportation
Colorado’s largest public transportation system is found in Denver. Known as the Regional Transportation District, or RTD, this system provides bus, light rail, and commuter rail options to the residents of Denver and the surrounding areas.
Public transit can help reduce the cost of driving everywhere, but only if you live and work with access to one of the major cities.
Thanks to Colorado’s Regional Transportation District (RTD), public transportation is widely available in the state. They offer bus, rail, and light rail services to Denver, Boulder, and nearby cities.
A monthly pass for these services will cost between $114-$200 depending on whether you want local or regional service.
You can score more discounts on public transit by purchasing a Neighborhood EcoPass, an EcoPass for employees, a CollegePass, or a FlexPass
Cost of living
The average cost of living in Colorado in 2020 is $4,164.68 — and this is on the low side. If you want to buy a house that costs more, you will need to pay more! You also need to earn at least $6,000 per month to comfortably afford everything.
Obviously, it depends on whether you live in Denver or a smaller, less populated town in Colorado. The cost of living could increase or decrease in each category depending on the county you live in.
in order to comfortably afford to live in any city in Colorado, you have to earn a whopping $100,200 yearly salary. This works out to earning anywhere between $6,000-8,300 per month.
This is equivalent to working 60-70 hours per week to afford the hefty mortgage payments and other costs of living in this state. It’s no wonder so many Americans are in debt!
Moving to Colorado
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