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Colorado Springs ranked 5th on U.S. News & World Report’s “Best Places to Live” List

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 Strong Job Market, High Desirability Boost Ranking

COLORADO SPRINGS, Colo. — National publication U.S. News & World Report today released its 2016 “Best Places to Live” list, including Colorado Springs, Olympic City USA, as number 5.  According to a release from the organization, the “new list ranks the country's 100 largest metropolitan areas based on affordability, job prospects and quality of life.” Colorado Springs is the only city in the top 10 to have received a perfect score on the “Desirability” criteria, which used a national survey to rank whether people “want to live in a metropolitan area.” Denver received a 9.9 in desirability while Austin and Seattle each earned a 9.4.
 

Colorado Springs received a score of 7.4 out of 10 in the survey, putting it ahead of Boise, Idaho, Seattle, Wash., Washington, D.C., San Francisco and San Jose, Calif. Among the top 10 metropolitan areas honored, Colorado Springs has the third-lowest population.

“This national honor confirms what the residents of Colorado Springs, Olympic City USA, already know -- that our city is a great place to live, and that our recent growth in the economic and employment sectors point to a very promising future,” said Colorado Springs Mayor John Suthers. “As we continue to improve our infrastructure, stimulate economic development and promote the many positive elements of our city, I am confident that we will continue to see Colorado Springs grow as an attractive place to live, work and play both nationally and internationally.”

The methodology behind the study looks at the following factors. Colorado Springs’ category ratings are listed in parentheses.

  • Job Market Index (6.7) – based on unemployment rate and median salary

Colorado Springs’ unemployment rate has hit a15-year sustained low over the past year, moving between 4-4.3 percent based on seasonal adjustments. Further, the number of available jobs has outpaced the number of job seekers of late.  

  • Value Index (7.6) – Based on median household income and cost of living.
  • Quality of Life Index (6.5) – based on crime rates, quality of healthcare and education, well-being and commute times
  • Desirablity Index (10.0) – based on “whether people want to live in” the area.

Colorado Springs scored a perfect 10 on this metric, obtained through a Google Consumer Survey.

  • Net Migration (7.0)- based on how many people are moving to or away from the area.

The ranking also factors in U.S. News rankings of the Best High Schools and Best Hospitals.

Mayor Suthers, Convention and Visitors’ Bureau President Doug Price and Regional Business Alliance President Dirk Draper will address local media about this honor at 3 p.m. MT today at the City Administration Building, 30 S. Nevada Ave., Ste 102.