market

Colorado Springs, CO

OVER A HALF MILLION IN TOTAL POPULATION

COLORADO SPRINGS, CO

Colorado Springs, CO is located at 60 miles south of Denver at the foot of Pikes Peak and continues to be one of the most desirable counties in the entire United States. El Paso County, home to Colorado Springs, is the most populous county in Colorado.
Source: Nielsen PrimeLocation version 5.0.0, September 2012.

A WELL-POSITIONED MARKET

Colorado Springs at a glance:

  • Colorado Springs is growing at a faster rate than Colorado and the United States in population, households and total consumer purchases
    • 663,537 Population, 7% projected 5-year growth
    • 253,233 Households, 7% projected 5-year growth
    • $13 Billion Total Consumer Purchases, 13% projected 5-yr growth
    Source: Nielsen PrimeLocation version 5.0.0, September 2012.
  • Colorado Springs Ranks Top Among Colorado Counties
    • #1 for Total Population
    • #2 for Total Households
    • #1 for Armed Forces Population (age 16+)
    • #3 for Employed Population (age 16+)
    • #4 for Bachelor’s Degree+ Population (age 25+)
    Source: Nielsen PrimeLocation version 5.0.0, September 2012.
  • Colorado Springs graded an “A” in Small Business Friendliness by Thumbtack.com. (5/12)
  • Colorado Springs ranked 5th Best Place to Live by MoneyRates.com. (3/12)
  • Colorado Springs ranked 5th Great City for Young Adults by Kiplinger. (10/11)
    Source: Nielsen PrimeLocation version 5.0.0, September 2012.
  • Colorado Springs ranked 7th on Builder Magazine’s Top 20 list of healthiest markets projection for 2012. (10/11)
    Source: Colorado Springs Economic Development Corporation, September 2012.
  • Colorado Springs is A Thriving Retail Market
    • $13 billion total consumer purchases
    • $1.3 billion new and used vehicle purchases
    • $980 million apparel purchases
    • $705 million restaurant purchases
    • $366 million consumer electronic purchases
    • $317 million household furnishings & furniture purchases
    Source: Nielsen PrimeLocation 5.0.0, September 2012. El Paso County.
  • Military Contributes to the Colorado Springs Economy
    • The military and related industries represent 25% to 30% of the local economy with an annual direct and indirect economic impact of approximately $6.94 Billion in fiscal year 2011 (includes Buckley AFB).
      Source: Colorado’s Valuable National Assets, Colorado Springs Chamber of Commerce, Military Affairs Division, May 2012.
    • One-quarter to one-third of active military personnel move in and move out of the market every year
      Refers to change of station, not deployments. Estimates from Chamber of Commerce, Military Affairs Division, April 2010.