Moving to Colorado statistics (2024 data)

How many people move to Colorado?

In 2023, 232,663 people moved to Colorado, while 211,370 moved out, representing an increase of 21,293 residents. Colorado has been a popular move-in destination for nearly a decade, and continues to increase in residents as of 2023.

Between 2010 and 2019, Colorado consistently had 20% to 50% more people moving in than leaving. In 2015, for example, 227,445 people moved into the state, while only 182,945 moved out.

After 2020, the ratio of those moving in to those moving out shifted significantly. The population nearly broke even in 2021 and has declined for the first time in decades as of 2022. The popularity itself may explain this shift, as Colorado’s culture and cost of living have changed in tandem with the inflow of new residents. According to a recent ConsumerAffairs study based on a sample of 143,506 ConsumerAffairs.com users who expressed an interest in moving between January 2023 and March 2024, Colorado ranked 44th among movers’ most desired states.

Top 5 cities that people moved to in Colorado

Colorado ranks as the 22nd best U.S. state to move to in 2024 based on data and weighted factors like affordability and quality of life. While this is likely a decline from prepandemic years when the Centennial State reached peak popularity, it’s far higher than the rankings of Texas or California. In fact, there are still many popular cities and towns attracting new residents to Colorado.

Colorado Springs attracted the most new residents, adding 9,643 between 2020 and 2023. Windsor gained 7,637 but, with a smaller overall population, experienced the highest percentage increase in population (23.3% growth). All of the most popular towns and cities are located on the front range, the most populated area of Colorado known for Fort Collins, Denver and Colorado Springs running north to south. Many of the most popular move-in destinations are the regions surrounding Denver, showcasing the desire to find affordable housing in the area.

Based on data from the U.S. Census Bureau, the top five cities people moved to between 2020 and 2023 were as follows:

Why do people move to Colorado?

Though moves to Colorado have slowed in recent years, there are still many reasons why people migrate there. Aside from the state’s growing economy, many movers are attracted to the unmatched outdoor scenery and recreational activities offered. That includes camping, skiing, snowboarding, hiking and more.

Job opportunities are the primary factor driving people to move to the Centennial State. Colorado residents can expect to make 18% more than the U.S. median household income, despite the cost-of-living index only being slightly higher than the national average. In 2024, the largest Colorado industries include trade, transportation, and utilities, professional and business services, and government. These three industries combined account for over 50% of the state’s nonfarm workers.

Colorado housing statistics

With a median rent price of $1,963.63 and a median home sale price of $646,100, renters and homeowners can expect to pay over 50% more than the national median for housing.

However, Colorado also has the third lowest property tax rate in the U.S., at 0.55% — far less than that of New York or Texas. States with similar rates include Louisiana and Wyoming.

In 2021, the average property owner in El Paso County (Colorado Springs) paid only $1,449 in annual property taxes. In general, the average property tax paid varies greatly by county in Colorado, with residents in Pitkin County paying an average of $3,400 annually, while those in Crowley County pay substantially less at $394.

Cost-of-living statistics in Colorado

Colorado’s cost-of-living index is 105.5, making it slightly more expensive than the national average. For example, the average price of gas in the state is $3.32, or just a bit higher than the U.S. average of $3.26. Despite being a more green state than its neighbor, Wyoming, Colorado still maintains lower average gas prices. However, it ranks within the bottom half as the 36th greenest state in the country.

Though Colorado’s cost of living is higher than average, the state also boasts an impressive median household income for residents. The median household income is $88,909 per year, or 18% more than the U.S. median ($75,358). Unemployment is also lower (3.8%) than the national average of 4.2%.

Colorado’s cost of living has increased over time, as cities like Denver, Boulder, Colorado Springs and more have become desirable move-in destinations. However, despite high housing costs, Colorado’s median household income to cost of living comparison is still much healthier than some states, such as California.

Who lives in Colorado?

An estimated 5,877,610 people resided in Colorado as of 2023, making it the 21st largest state in the nation. Between 2022 and 2023, the population increased by 36,571.

Colorado’s population is slightly more male (50.6%) than female (49.4%). In 2023, about 2.98 million Colorado residents were male, and 2.90 million were female.

On average, Colorado’s population is also slightly younger (37.9 years old) than the U.S. average of 38.9 years. Residents under the age of 40 account for just over 53% of the population, with the largest demographic being those between 30 and 34 years old.

The vast majority of Colorado residents are either white or Hispanic. White residents account for roughly 86% of the population (around 5.1 million people), while Hispanic residents account for 22.7%. This is then followed by Black and Asian residents, at 4.8% and 3.8%, respectively.

Tips for moving to Colorado

Not sure how to start your move to Colorado? Consider these step-by-step moving tips:

1. Understand the cost of living

While Colorado’s cost of living is higher than the national average, especially in cities like Denver and Boulder, it’s still far below that of states like California or Massachusetts. Before moving, research the median housing prices, property taxes and utility costs in your desired region. We recommend using resources like Colorado.gov to compare expenses and develop a budget.

2. Explore the job market

Colorado offers a diverse economy with many job opportunities in technology, health care, outdoor recreation and more. Large cities like Denver and Colorado Springs have opportunities for tech workers and a variety of businesses, while many of the quaint mountain towns center around tourism. Before moving, check out the Colorado Department of Labor and Employment for valuable resources and job listings in your desired location.

3. Expect unpredictable weather

With an average elevation of 6,800 feet and mountain peaks easily reaching double that, it’s no surprise that Colorado’s weather is famously unpredictable. Sunny mornings can give way to afternoon thunderstorms, and winter is notoriously brutal. Snow tires, appropriate clothing and reliable home heating systems are essential. Regardless of where you move, it’s important to keep an eye on local weather forecasts and prepare.

4. Research transportation options

With half of Colorado nestled in the Rocky Mountains, it’s important to think about travel and transportation before you move. Cities like Denver offer public transportation options, but personal vehicles are still the most reliable method of travel. It’s important to be aware of potential hazards like winter road closures and avalanches when driving. Visit the Colorado Department of Transportation website for detailed information on public transit and driving conditions across the state.

5. Be aware of natural hazards

The mountainous regions of Colorado are known for volatile conditions, including wildfires, flash floods, snowstorms and avalanches. While the state’s flat eastern half is prone to droughts and tornadoes. Stay informed about potential risks by checking resources like the Colorado Office of Emergency Management for disaster preparedness tips.

6. Embrace the outdoor lifestyle

Known as one of the sunniest states in the country, Colorado’s forests and mountains are an outdoor enthusiast's dream. From skiing and hiking to mountain biking and kayaking, don’t be afraid to explore the state’s active lifestyle and beautiful natural landscapes. We recommend local parks, national forests and mountain resorts to fully embrace the Colorado lifestyle.

7. Understand mover quotes and tipping

When moving to Colorado, carefully review and compare moving company quotes. Be sure to account for potential additional fees depending on where you’re relocating to. Tipping movers is customary; a tip of 10% to 20% of the total cost is standard based on the quality of service.