Economy

Economy

12th Best Places for Business and Careers in America    -Forbes
Colorado has the top economy in the nation this year, according to U.S. News & World Report’s 2018 Best States ranking. Colorado Springs' culture and economy are heavily influenced by the military with a significant number of defense corporations and bases located within the area. The city is home to Fort Carson, Peterson Air Force Base, Schriever Air Force Base, NORAD and the U.S. Air Force Academy. Higher education institutions include the University of Colorado at Colorado Springs, Pikes Peak Community College as well as several other colleges. With the city located at the base of the Rocky Mountains, Colorado Springs is a popular destination for tourists seeking scenery, rock formations and other unique geological features, like Pikes Peak, Garden of the Gods park, Seven Falls, and Cave Of The Winds.
At a Glance:
Major Industries: Aerospace & Defense, Technology, Tourism

Gross Metro Product: $34.5 B

Median Household Income: $65,893

Median Home Price: $316,000

Unemployment: 3.2%

Job Growth (2017): 2.8%

Cost of Living: 1% above nat'l avg

College Attainment: 39.2%

Net Migration (2017): 1,520
*coloradosprings.gov
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