Denver’s economy is strong, diverse and continuing to grow, which has attracted numerous businesses implementing corporate development and a well-educated workforce. Industry in this city is centered on aviation and aerospace, energy, research, manufacturing, biotechnology, health and wellness, broadcasting, telecommunications, finance, and information technology & software.
Commercial and real estate markets continue to succeed and grow, despite the national economic landscape, and growing retail sales contribute to the healthy economy that has reinforced consumer confidence. Unemployment has decreased and the job market in Denver offers a wide array of opportunity. Consequently, the housing market has seen a recent expansion and improvement, as well.
Because of Denver’s unique geographical advantage, it is a central hub of communication, transportation and finance in the western United States.
Demographics of Denver per the US Census Bureau
Per US Census Bureau in 2010, the demographics in Denver are as follows:
White: 68.9% (Non-Hispanic Whites: 52.2%)
Hispanic or Latino (of any race): 31.8%
Mexican Americans made up 24.9% of the city's population.
Black or African American: 10.2%
Asian: 3.4% (0.8% Vietnamese, 0.6% Chinese, 0.5% Indian, 0.3% Korean, 0.3% Japanese, 0.3% Filipino, 0.2% Burmese, 0.1% Cambodian)
Native American: 1.4%
Native Hawaiian and Other Pacific Islander: 0.1%
Some other race: 9.2%
Two or more races: 4.1%
Population estimate in 2011:
City of Denver 619,968 and state of Colorado 5,116,302
Per city-data.com (Sep 3, 2011):
Age distribution is 22.0% under the age of 18, 10.7% from 18 to 24, 36.1% from 25 to 44, 20.0% from 45 to 64, and 11.3% who are 65 years of age or older. The median age is 33 years. For every 100 females there are 102.1 males.
The median household income is $45,438, and the median family income is $48,195. Males have a median income of $36,232 versus $33,768 for females. The per capita income for the city is $24,101. 19.1% of the population and 14.6% of families are below the poverty line. Out of the total population, 25.3% of those under the age of 18 and 13.7% of those 65 and older are living below the poverty line.
Cost of Living
Financial Institutions in Denver
American National Bank/ANB Bank
Bank of Denver
Bank of the West
Cache Bank & Trust
Citi Private Bank
Collegiate Peaks Bank
Colorado Business Bank
Colorado State Bank and Trust
Commercial Federal Bank
Community Banks of Colorado
First Citizens Bank
First National Bank
Great Western Bank
Guaranty Bank and Trust Company
Liberty Savings Bank
Mile High Banks
North Valley Bank
Steele Street Bank & Trust
United Western Bancorp
Valley Bank & Trust