About Colorado – Moving to Colorado? Big Win Moving

About Colorado

In 2020, Colorado had a population of 5.7M people with a median age of 36.9 and a median household income of $71,953. Between 2017 and 2018 the population of Colorado grew from 5.61M to 5.7M, a 1.58% increase and its median household income grew from $69,117 to $71,953, a 4.1% increase.

The population of Colorado is 67.8% White Alone, 21.7% Hispanic or Latino, and 3.92% Black or African American Alone. 16.7% of the people in Colorado speak a non-English language, and 94.7% are U.S. citizens.

The largest universities in Colorado are University of Colorado Boulder (7,973 degrees awarded in 2017), Colorado State University-Fort Collins (7,504 degrees), and Colorado Technical University-Colorado Springs (5,669 degrees).

The median property value in Colorado is $373,300, and the homeownership rate is 65.1%. Most people in Colorado commute by Drove Alone, and the average commute time is 23.7 minutes. The average car ownership in Colorado is 2 cars per household.

Colorado borders Arizona, Utah, Oklahoma, Kansas, New Mexico, Nebraska, and Wyoming.


• In the third quarter of 2015, Colorado grew at an annual rate of 2.4% which was faster than the overall US growth rate of
1.9%. By comparison, Colorado’s 2014 growth of 6.6% was up from the 2013 level of 3.9%. (Source: BEA)
The employment situation in Colorado improved. At the close of 2015, unemployment was 3.5%, down from 4.2% at the
close of 2014. This was below the national unemployment rate of 5.0%. (Source: CPS)

The number of proprietors increased in 2014 by 1.3% relative to the previous year. (Source: BEA)
• Small businesses created 32,304 net jobs in 2013. Among
the seven BDS size-classes, firms employing 10 to 19 employees experienced the largest gains, adding 6,138 net
jobs. The smallest gains were in firms employing 100 to
249 employees which added 1,088 net jobs. (Source: BDS)


In 2017, universities in Colorado awarded 91,346 degrees. The student population of Colorado is skewed towards women, with 167,757 male students and 205,449 female students.

Most students graduating from Universities in Colorado are White (58,021 and 65.8%), followed by Hispanic or Latino (13,172 and 14.9%), Black or African American (5,180 and 5.87%), and Unknown (4,629 and 5.25%).

The largest universities in Colorado by number of degrees awarded are University of Colorado Boulder(7,973 and 8.73%), Colorado State University-Fort Collins (7,504 and 8.21%), and Colorado Technical University-Colorado Springs (5,669 and 6.21%).

The most popular majors in Colorado are General Business Administration & Management (8,810 and 9.64%), Liberal Arts & Sciences (3,808 and 4.17%), and Registered Nursing (3,197 and 3.5%).

The median tuition costs in Colorado are $26,484 for private four year colleges, and $6,888 and $18,096 respectively, for public four year colleges for in-state students and out-of-state students.


The economy of Colorado employs 2.86M people. The largest industries in Colorado are Construction(213,485 people), Restaurants & Food Services(197,305 people), and Elementary & secondary schools (163,389 people), and the highest paying industries are Software publishing ($132,320), Internet publishing, broadcasting & web search portals ($127,380), and Petroleum refining ($119,946).

Median household income in Colorado is $71,953. Males in Colorado have an average income that is 1.31 times higher than the average income of females, which is $54,774. The income inequality in Colorado (measured using the Gini index) is 0.46, which is lower than than the national average.


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