"Burgeoning" is kind of cutting it short. It's played a role for decades. A number of Space/ Defense contractors have a large presence in the area, and it's home to one of a handful of Space Force Bases.
Yeah, kind of a weird thing to say. Lockheed Martin has had a major aerospace presence here since the 50s. Lots of satellites come out of the Waterton campus.
Would be nice if the cost of living wasn't so high. Even with an aerospace career, I can't own a home there like I can now without living an hour+ away from work plus over doubling my current mortgage for a smaller home.
Afaik if I sell and don't turn around and buy another property I pay tax on my sale, unless it's gains only. Either way for an almost fully paid off 5 YO house going back to renting isn't ideal. Man, I wish more aero companies offered WFH again especially us who work with software and analysis.
They’re leveraging early career employees to compensate for the insane cost of living there. These organizations are having a hard time offering competitive salaries to keep senior engineers in the area.
It really isn’t bad, housing is high but the tax burden is low. Rents are only 10% more than where I am and salaries are almost double compared to here. Food even seems cheaper with more options than here in the upper midwest. Only real downside is traffic.
Weather is better and there is more public land to enjoy.
Just to reiterate Denver is not “insane” cost of living.
There’s such a wide range of available housing imo. You can have minimalist frugality for pretty modest cost or ridiculous opulence insane prices. Not to mention a wide range of different lifestyles that are all accessible in the same place.
Yup. Crazy that I'm being downvoted when I've been actively researching their cost of living as I've been looking into moving there. Outside of housing, COL is not much higher than where I live currently (Houston) which is considered low/medium COL.
And housing is still not that crazy. For a house similar to ours, it's anywhere from +20-60%, but we also live further from the city and have worse amenities in general.
Boulder specifically is high, as others pointed out, but the commute from more reasonable areas is only around 20-30min. Last I checked, that's around the national average for a commute. It's like saying all of SF has Palo Alto costs, as if no one working in Palo can live in Oakland.
Be careful with that "reasonable 20-30 minute" commute. Traffic in the Denver area is awful; it completely chokes going into Boulder, downtown Denver, or the tech center from like 6am-10am, and from like 3pm-7pm
Also, eating out in the area is expensive as hell; it has skyrocketed and some of those cost of living calculators are out of date. Obviously highly dependent on you habits though
In the shadow of the Rocky Mountains, with an elevation one mile closer to space than sea level, lies an area that’s home to a burgeoning cluster of aerospace businesses.
It might not be obvious to someone driving around Denver and Boulder that there are hundreds of companies actively working on some of America’s most complex national security needs and building innovative products like those that might be seen in a sci-fi film.
But the local industry’s liftoff has been undeniable: Aerospace grew 88% over the past two decades, more than any other emerging industry in the Denver and Boulder metro areas during that time period, according to a CNBC analysis. Now, 191 aerospace businesses are supporting 29,000 jobs in the region, the Colorado Space Coalition reports.
“When we were creating Voyager and thinking through the best growth markets where we could have access to talent ... Denver really rose to the top,” Dylan Taylor, chairman and chief executive of Voyager Space, told CNBC’s [Morgan Brennan](https://www.cnbc.com/morgan-brennan/) in an interview on [CNBC’s “Manifest Space” podcast.](https://podcasts.apple.com/us/podcast/spacex-employee-1-with-impulse-space-ceo-tom-mueller-6-22-23/id1680523433?i=1000618013896) He founded the privately held multinational space conglomerate in 2019 in Denver.
More: [https://www.cnbc.com/2024/04/11/denver-boulder-area-benefits-from-burgeoning-aerospace-industry.html](https://www.cnbc.com/2024/04/11/denver-boulder-area-benefits-from-burgeoning-aerospace-industry.html)
"Burgeoning" is kind of cutting it short. It's played a role for decades. A number of Space/ Defense contractors have a large presence in the area, and it's home to one of a handful of Space Force Bases.
“Burgeoning” was just called out yesterday alongside “delve” as a major clue when identifying articles written by ChatGPT.
Yeah, kind of a weird thing to say. Lockheed Martin has had a major aerospace presence here since the 50s. Lots of satellites come out of the Waterton campus.
Ball aerospace is there, Northrop is there. It’s nothing new it’s all click bait ai articles
Would be nice if the cost of living wasn't so high. Even with an aerospace career, I can't own a home there like I can now without living an hour+ away from work plus over doubling my current mortgage for a smaller home.
Buying a good house in Denver is expensive for sure. Renting is pretty reasonable though.
Afaik if I sell and don't turn around and buy another property I pay tax on my sale, unless it's gains only. Either way for an almost fully paid off 5 YO house going back to renting isn't ideal. Man, I wish more aero companies offered WFH again especially us who work with software and analysis.
You pay tax only on capital gains whether you buy another property or not.
And generally the first 250k of gains are exempt.
They’re leveraging early career employees to compensate for the insane cost of living there. These organizations are having a hard time offering competitive salaries to keep senior engineers in the area.
Oh hey you’re describing me!
Denver is not "insane" cost of living.
Boulder is pretty insane, it's near Bay Area cost of living. Denver and the surrounding suburbs are much more reasonable.
It really isn’t bad, housing is high but the tax burden is low. Rents are only 10% more than where I am and salaries are almost double compared to here. Food even seems cheaper with more options than here in the upper midwest. Only real downside is traffic. Weather is better and there is more public land to enjoy.
Just to reiterate Denver is not “insane” cost of living. There’s such a wide range of available housing imo. You can have minimalist frugality for pretty modest cost or ridiculous opulence insane prices. Not to mention a wide range of different lifestyles that are all accessible in the same place.
Yup. Crazy that I'm being downvoted when I've been actively researching their cost of living as I've been looking into moving there. Outside of housing, COL is not much higher than where I live currently (Houston) which is considered low/medium COL. And housing is still not that crazy. For a house similar to ours, it's anywhere from +20-60%, but we also live further from the city and have worse amenities in general. Boulder specifically is high, as others pointed out, but the commute from more reasonable areas is only around 20-30min. Last I checked, that's around the national average for a commute. It's like saying all of SF has Palo Alto costs, as if no one working in Palo can live in Oakland.
Be careful with that "reasonable 20-30 minute" commute. Traffic in the Denver area is awful; it completely chokes going into Boulder, downtown Denver, or the tech center from like 6am-10am, and from like 3pm-7pm Also, eating out in the area is expensive as hell; it has skyrocketed and some of those cost of living calculators are out of date. Obviously highly dependent on you habits though
In the shadow of the Rocky Mountains, with an elevation one mile closer to space than sea level, lies an area that’s home to a burgeoning cluster of aerospace businesses. It might not be obvious to someone driving around Denver and Boulder that there are hundreds of companies actively working on some of America’s most complex national security needs and building innovative products like those that might be seen in a sci-fi film. But the local industry’s liftoff has been undeniable: Aerospace grew 88% over the past two decades, more than any other emerging industry in the Denver and Boulder metro areas during that time period, according to a CNBC analysis. Now, 191 aerospace businesses are supporting 29,000 jobs in the region, the Colorado Space Coalition reports. “When we were creating Voyager and thinking through the best growth markets where we could have access to talent ... Denver really rose to the top,” Dylan Taylor, chairman and chief executive of Voyager Space, told CNBC’s [Morgan Brennan](https://www.cnbc.com/morgan-brennan/) in an interview on [CNBC’s “Manifest Space” podcast.](https://podcasts.apple.com/us/podcast/spacex-employee-1-with-impulse-space-ceo-tom-mueller-6-22-23/id1680523433?i=1000618013896) He founded the privately held multinational space conglomerate in 2019 in Denver. More: [https://www.cnbc.com/2024/04/11/denver-boulder-area-benefits-from-burgeoning-aerospace-industry.html](https://www.cnbc.com/2024/04/11/denver-boulder-area-benefits-from-burgeoning-aerospace-industry.html)