Are you considering Colorado for your new home? The “Centennial” is home to around 5.7 million people who enjoy the benefits of beautiful nature, world-class outdoor activities and the fantastic food and drink scene. So whether you’re planning on buying a house in Denver or renting an apartment in Boulder, you can find the best place to call your home. To understand whether Colorado is a good place to live, this Redfin article breaks down the pros and cons of living in Colorado. See what to love and what you don’t love about the nation and continue reading.
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Quick Facts About Colorado
Population 5,773,714 Central Home Selling Price $623,400 Average Rent in Colorado $1,713 Colorado Denver, Colorado Springs, Aurora’s largest cities
Is Colorado a good place to live?
Yes, Colorado is a good place to live for many people, especially those who value outdoor access, a healthy lifestyle and a strong job market. The state offers many economic opportunities (particularly technology, aerospace and healthcare) that lively cities like Denver and Boulder, alongside scenic small towns and mountain communities. Its natural landscape is a big draw, with world-class hiking, skiing and national parks in the backyard.
However, living costs can be a barrier. Home prices, particularly along the frontline, are well above the national average. Urban traffic continues to rise, and the state is tackling the risk of water shortages and wildfires. Whether Colorado is right or not comes down to what you cherish. If you’re looking for a dynamic location for outdoor appeal and don’t mind paying any further, Colorado will deliver. But for those who prioritize affordability and urban convenience, it may feel like a tougher trade-off.
1. Pro: The scenery is amazing, and access to nature is unparalleled
Colorado is an adventurer’s playground with world-class ski resorts, beautiful national and state parks, and plenty of outdoor activities such as mountaineering, rafting and cycling. During the winter, locals enjoy skiing at one of more than 25 ski resorts, including Beaver Creek, Breckenridge, Copper Mountain, Telluride, Vail and Winter Park.
Colorado also has four national parks: Rocky Mountain National Park, Mesa Verde National Park, Great Sand Dunes National Park and Reserve, and Black Canyon in Gunnison National Park. State parks that you need to check out include Cherry Creek State Park, Roxboro State Park, Golden Gate Canyon State Park, and St. Vlaine State Park. Needless to say, you can climb to the summit of one of over 50 famous 14ers, over 14,000 feet of mountain.
2. CON: Home prices are getting higher
Colorado’s scenic beauty and growing job market costs: housing. The state’s median home sales price is around $623,400, which is significantly higher than the national median of $438,000. A recent survey found that the annual household income required to buy a typical Colorado home is $168,643, the fifth highest in the country. Some cities, such as Colorado Springs and Fort Collins, may offer relatively lower prices compared to Boulder and Denver, but affordability is a hurdle for many, especially for first-time buyers.
3. Pro: A strong job market for emerging industries
Colorado has built a reputation for economic stability and innovation, particularly in areas such as technology, aerospace, renewable energy, and healthcare. Cities such as Denver, Boulder and Colorado Springs are home to a mix of startups and established employers, making them attractive hubs for professionals. Large companies such as Google and Ball Aerospace have expanded here that they have been drawn from the state’s skilled workforce and business-friendly environment. Whether you’re starting a career or trying to make a difference, Colorado’s mix of opportunities and advanced industries is a solid place to grow professionally.
4. CON: Limited water resources amid ongoing drought
Water shortages are a long-term challenge in Colorado. Many states rely on snow luggage to fill reservoirs, and if winters are unusually dry, they can strain supply. Cities are taking steps to promote conservation and improve water infrastructure, but that is something to keep in mind, especially for homeowners with high yards and those moving from areas with high rainfall.
5. Pro: Health-conscious and active lifestyle
Living in Colorado means embracing a lifestyle that often focuses on outdoor-oriented wellness. The nation is consistently ranked among the healthiest in the country, and it’s not difficult to see why. With over 300 days of sunlight each year and easy access to national parks, ski resorts, bike trails and climbing routes, outdoor recreation is part of everyday culture. Locals prioritize fitness, clean food and sustainability. And it’s common to watch running groups, yoga meetups and weekend hikers fill the trail. If you’re active and value being outside, this lifestyle is a huge perk.
6. CON: Adjusting to altitude can be a challenge
Moving to Colorado quickly reveals that living at higher elevations can affect more than hiking stamina. Altitude can cause headaches, dehydration and fatigue, especially for newcomers. Daily activities like walking and exercise can be more challenging at first. It takes time to adapt, especially if you are moving from a lower elevation.
7. Pro: A vibrant food and craft beverage scene
The Colorado culinary scene has evolved far beyond mountain fares and green chili peppers. The state is currently located in some of the most exciting restaurants in the West, particularly in cities such as Denver, Boulder and Fort Collins. From locally produced fine restaurants to thriving farmers’ market culture, food lovers can expect diversity and quality. The craft beer scene is particularly well known. Colorado has the largest number of breweries per capita in the United States, and the state is also known for its small batch distilleries and craft coffee roasters. Whether you’re a foodie, beer lover or simply looking for a new flavor, Colorado offers.
8. CON: Statewide traffic and growing congestion
With Colorado’s population continuing to grow, traffic is a daily hassle for many residents, especially in urban hubs such as Denver and Colorado Springs. Commuting hours may be longer and major road projects may be added to the delays. Public transport options exist in some areas, but most Coloradans rely on cars, increasing crowds during peak hours. Mountain weekends often bring Gridlock to the I-70, especially during the ski season.
9. Pro: Colorado has a lively sports scene
If you love sports, this condition is for you. Colorado has an electric sports atmosphere where teams from multiple professional leagues live. Local favourites include the Denver Broncos (NFL), Colorado Rockies (MLB), Colorado Rapids (MLS), Colorado Avalanche (NHL), and the Denver Nuggets (NBA). While in this area, catch the game at Empower Field, Coors Field, Dicks Sporting Goods Park, or Ball Arena.
10. CON: Risks and smoke from wildfires
Wildfires are part of life in many parts of Colorado, especially during dry summers and early fall. While not all regions are at high risk, local fire smoke still affects the quality of the air statewide, leading to blurry skies and occasional health advisors. The state has improved its alert system and mitigation efforts, but that is something to be aware of, especially for people with breathing conditions.
Methodology: Population data is from the US Census Bureau, median home sales prices and average rental data are from Redfin data centers.
