When it comes lists ranking the hottest real estate markets in the country, Denver often scores number one — and it’s no wonder. With its stunning vistas, vibrant economy, recreational opportunities and active cultural scene, the Mile High City offers an enviable quality of life.
As if to underscore this point, U.S. News & World Report recently put Denver at the top of its list of “Best Places to Live.” Out of 10 points, the Mile High City received an overall score of 7.8.
“To make the top of the list, a place had to have good value, be a desirable place to live, have a strong job market and a high quality of life,” U.S. News noted.
The study cites the plethora of jobs at Denver’s research institutions and in prominent industries, such as biotech, health care, finance and telecommunications. The city’s hospitality industry is also booming, as more than 15 million people visit Denver each year.
U.S. News also praised the city’s low unemployment rate – 3.1%– and its high average salaries. Workers earn, on average, $53,060 a year in Denver, compared to $47,230 nationally.
Finally, “Denver’s location at the base of the Rocky Mountains provides a gateway to a slew of outdoor pursuits,” notes the report.
It’s hard to argue with those conclusions. And another, lesser-known ranking points out another enticing advantage of living here: The Tax Foundation recently ranked Colorado 8th in the country for the lowest effective property tax rates. The state’s rate is .61%, compared to New Jersey, which has the highest rates at 2.38%.
What’s more, Realtor.com recently placed Denver at number 4 among markets that attract the highest number of online home listing views.