The national economic landscape is characterized by a resurgence in job creation, an increase in consumer spending and significant technological advancements. Amidst these trends, cities that adapt to changing economic conditions and leverage their unique assets are thriving.
According to Coworking Cafe’s study highlighting the top U.S. cities for economic growth, Denver ranked 13th among the best large cities for economic growth, recording some of the largest rises in earnings, housing units, education attainment and employment rate.
Here are the top reasons why Denver is an economic powerhouse:
- Denver secured 13th place among the best large cities for economic growth;
- Denver’s median earnings increased by 34% between 2018 and 2022, the 3rd highest growth among large cities, with the annual median income reaching $54,195;
- In terms of housing units, Denver witnessed the 3rd highest growth (10%);
- Denver recorded the 5th highest growth in education attainment (4%);
- Hiring almost 2% more employees in the 2018-2022 period, Denver saw the 7th highest growth in employment rate among the large cities analyzed;
- The Denver metro’s GDP had the 4th largest growth (34%), its total roadway miles recorded the 10 highest growth (2%) and its trade exports rose by 27%.
Colorado Springs secured the 10th spot among the best mid-size cities for economic growth:
- Median Earnings: 29%
- Employment Rate: 1%
- GDP: 30%
- Population Growth: 3%
Nationally, Mesa, AZ, took the crown for the best large U.S. city due to the increase in infrastructure, while Gilbert, AZ, and Nampa, ID, snatched first places in the mid-sized and small cities categories, respectively.
Read the full study and methodology: https://www.coworkingcafe.com/blog/top-cities-for-economic-growth
