Mobility - May 2020 - Special Covid-19 Edition - 26

MARKET SUMMARY

Metro Denver
By Marie Robbins-Marine

W

ith less than a week of self-isolation
under our belts at the time of this
writing, the best metro Denver market
summary is a historical look at statistics
that may be obsolete by the time of publication. The
COVID-19 pandemic has the general population
scratching their heads as to what the future holds due
to uncertainty of the length and impact of the current
crisis. In general, we are more comfortable with
facts-whether they're positive or negative-than
we are with the great unknown. Mix this historically
significant health crisis that has become a huge
economic disruptor with the presidential election,
and the best local economists are uncertain as to how
this cycle will end.
What we can say is that metro Denver encompasses seven counties, which offer approximately
62% of the state's jobs. These counties include
Adams, Arapahoe, Broomfield, Boulder, Denver,

26 Mobility | May 2020

Douglas, and Jefferson. According to the Metro
Denver Economic Development Corporation, metro
Denver's population is near 3.2 million, and it has
consistently outpaced national growth numbers for
the past 90 years. This growth continues due to the
quality of living in the state, with relatively mild
temperatures, easy access to recreational activities
from the Rocky Mountains to the eastern plains,
and a good job market.
Metro Denver continues to be one of the nation's
strongest metropolitan economies. With its high
education levels, there are more two-earner households than national averages, with median household
incomes nearing $82,000 annually. The major employment sectors include transportation, warehousing,
professional and business services, government,
military, natural resources, construction, computer
system and design services, programming, software
development, engineering, and technical services.



Mobility - May 2020 - Special Covid-19 Edition

Table of Contents for the Digital Edition of Mobility - May 2020 - Special Covid-19 Edition

Mobility - May 2020 - Special Covid-19 Edition - Cover1
Mobility - May 2020 - Special Covid-19 Edition - Cover2
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Mobility - May 2020 - Special Covid-19 Edition - Cover3
Mobility - May 2020 - Special Covid-19 Edition - Cover4
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