There’s no place like home: 71% of millennials who lived in Denver at age 16 decided to stay or return by age 26 (US Census Bureau, July 2022).
According to the most recent census figures, millennials in 2021 made up about 33 percent of Denver's population—a four-percentage-point jump from five years earlier. In raw numbers, the city saw an influx of more than 30,000 millennials between 2016 and 2021, an increase of roughly 15% (5280 Mile High Magazine).
With a population increase of nearly 18.5% in the past ten years, Denver has joined the ranks of “Magnet Cities” in terms of desirability, investment and growth (World Population Review, 2022).
Boasting a rich cultural fabric and vibrant city life, Denver has become a well-priced alternative to traditional urban hubs, and due to its business-friendly environment, strong university system, and airport connectivity — the city has become a leading contender in attracting top financial firms and tech giants.
Within the past five years, various industries, tech giants, and notable creative and financial firms such as Amazon, Facebook, Salesforce and Zoom, have all established offices in Colorado. In fact, U.S. News and World Report has ranked Colorado as second in the country in terms of economic strength (U.S. News and World Report).