Colorado Best Places to Retire - A Guide 


This website can help explain what it is like to retire in Colorado, and help you find the best places to retire in Colorado too.

Colorado is one of the top retirement places for baby boomers from all over the country. Many have vacationed here or came to love these Rockies during college or the military. The scenery from its mountains is exceptional and so are the recreation opportunities. The economy is strong and becoming more diversified - many cities like Fort Collins and Boulder are booming.Colorado's population was about 4.8 million in 2007. The average age is 35, 1 year younger than the national average.

Grand Junction's Colorado National Monument

The Colorado climate is that of a steppe - characterized by high altitudes. Summers can be hot and dry and winter precipitation often comes in deep snows. The sun tends to shine a lot. Much of the state is either desert or mountain.

Economy, Cost of Living, Property Values
Median household income was just over $56,574 in 2006-8, which is above the U.S. average. The Census Bureau reports that the average Colorado home was worth $236,300 in 2006-8.  Median home prices can differ - according to the NAR in Denver the 3rd Quarter median price was $235,600, above  the national median of $177,000. Boulder, home of the University of Colorado, was more expensive - the median home price in late 2011 was $360,100. Colorado's cost of living is above the national average.


Tax Burden: Total state/local tax burden in Colorado is lower than average, 34th highest in the nation.

Marginal Income Tax Rates. Colorado has a flat tax rate of 4.63%, one of the lowest.

Retirement Income Exemptions. Taxpayers over 65 have a $24,000 exemption for pension and social security benefits (persons 55 to 64 years of age get a $20,000 exemption). The same pension/annuity subtraction applies to military retirement benefits for current military personnel and those receiving retirement benefits.

Sales Tax: State sales tax is an extremely low 2.9%, although local sales taxes can be significant.

Property Taxes:  There is a homestead act property tax protection for those over 65 who have lived there for 10 years or more (50% of home value or max of $200,000).

Estate and/or Inheritance Taxes. There is no estate or inheritance tax.

Link to Colorado Department of Revenue.

Certified Retirement Communities
Colorado does not have a certified retirement community program.

Best Retirement Communities
Topretirements has reviews of the best retirement communities for active adults in Colorado - and more are being added all of the time. From the exciting college town of Boulder to the bustling metropolis of Denver, you will find many exciting communities profiled. Fort Collins is a slightly less expensive but equally nice community, even more so in nearby Loveland. Our review of Silver Sage , one of the country's first co-housing communities is definitely interesting. Colorado Springs, home of the U.S. Air Force Academy, has fantastic scenery with nearby Pikes Peak. Grand Junction and nearby Fruita on the center of Colorado's border with Utah frequently make the lists of best places to retire. So does Durango with its excellent access to skiing and mountain biking. For each town reviewed on this site you will find data about real estate prices, what makes each community special (or not so special), along with important facts about the cultural, economic, medical, and transportation available in Colorado.

Click on the Colorado Retirement Community reviews on the right to get impartial information and advice about Topretirement's best places to retire in Colorado.


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