Colorado remains a popular destination for transplants all over the country, especially those in California. But why exactly? Sure, the Rocky Mountains are beautiful, but what else makes Colorado such a hotspot?
Let’s start with a little background on the state’s population. As recent as 2000, Colorado was known as a great place to live but still maintained a ‘small state’ feel. Things quickly changed in the 2010s when out-of-state folks, from California to New York and places in between, decided to relocate to Colorado in droves.
In 2020, a whopping 5.8 million people called Colorado home. What’s more telling, though, is that more than 1.5 million residents have moved here in the last two decades alone. But we want you to know the state still offers plenty of charm and opportunities despite it being slightly more crowded than some people might remember.
Here are a few things worth considering before moving to Colorado from California.
It’s quite a bit cheaper
Ask a Californian their reasons for moving, and chances are they’ll have cost at the top of their list. Many Californians become worn out as they constantly look for ways to increase their income and cut back on spending. Unfortunately, there’s only so much you can do to comfortably reside in one of, if not the most, expensive states in the country.
Colorado isn’t exactly on the cheaper end of the spectrum. The overall cost of living index here is over 30% higher than the national average. However, the difference is that it’s still almost 40% cheaper than California.
Let’s say you and your significant other are hoping to start a family soon. Though you both have stable jobs, there’s no way you could afford a single-family home in such an expensive locale. A quick Zillow search notes the average home price in California over $700,000!
So, what about real estate in Colorado? Maybe you don’t mind the thought of moving and are open to a change if it means affording a bigger place. Then you see the typical home value in Colorado of $545,000, and you’re sold.
Housing isn’t the only thing that’s cheaper in Colorado. Previous Californians also enjoy lower healthcare costs and income tax rates. Not to mention, you won’t be paying nearly as much at the pump — something you’ll quickly appreciate once you start planning mountain getaways.
The economy is booming
Whether you’re looking to take the next step in your current field or switch industries altogether, you can make it happen in Colorado. The state continues to see steady economic growth largely due to the construction, trade, and information technology sectors. New and longtime residents find comfort knowing Colorado has one of the country’s lowest unemployment rates year after year.
The weather can be interesting
Visitors often think it snows all the time here because they associate Colorado with the mountains. That notion couldn’t be further from the truth! New residents from California will need to get used to drastic changes in temperature and, something every Coloradan appreciates, an incredible 300 days of sunshine.
Suburban life is bustling
It’s amazing to see how much more developed the Front Range suburbs have become in just a few years. That said, you’ll need to decide whether you want to live in the heart of downtown Denver (an ideal spot for young professionals) or outside of the metro. Be sure to check out our article dedicated to the best Denver suburbs to raise a family.
There’s something for everyone
We aren’t kidding! Coloradans are known for their active outdoor lifestyle, which typically includes a combination of hiking, biking, and skiing/snowboarding. While California might have countless beaches, nothing compares to a mountain range that will almost certainly turn into your playground once you move here.
The mountains aren’t the only fun you’ll have, though. The Centennial State is regarded as one of the country’s premier spots for craft beer. You’ll also have plenty of entertainment options to choose from, including various arts/entertainment venues and four major professional sports teams in Denver.
Start the homebuying process
There’s a lot to think about when considering an out-of-state move. At American Home Agents, we simplify the process as much as possible. Do yourself a favor and reference this checklist before moving to Colorado.
On top of everything else, maybe this is also your first time buying a home. If so, you’ll need an experienced agent who can guide you through every step. Our realtors are not only well-versed in the industry but understand the area’s housing trends inside and out.
Call American Home Agents at (303) 695-5900 to learn more.