Four Front Range cities earn ‘Boomtown’ status
While many communities still struggle economically from the effects of COVID-19, some have made noteworthy recoveries
While many communities still struggle economically from the effects of COVID-19, some have made noteworthy recoveries.
Four Colorado cities fit the latter description, as they’ve been named among the top 40 boomtowns in the U.S., based on analysis of the most recently available economic data for 500 U.S. cities.
Longmont (No. 16), Denver (No. 23), Fort Collins (No. 38) and Greeley (No. 40) were all named in a study by SmartAsset, which considered seven metrics: five-year population change, average yearly GDP growth, five-year business establishment growth, five-year housing growth, August 2021 unemployment rate, one-year change in unemployment rate, and five-year change in household income.
All four of these Front Range Colorado cities rank in the top 20% of the study for three metrics: GDP growth, growth in the number of local businesses and growth in the number of local housing units.