The new year is just a few short weeks away, and there’s much to look forward to in and around Painted Prairie. The economic outlook for the city of Aurora, and Colorado as a whole, is looking bright for anyone considering a move. Whether moving up or down, Northeast Aurora is experiencing a significant economic boom that benefits families, retirees, and anyone in between.
The expansion of several diverse industries is driving this growth in Aurora. Sectors such as aerospace, government, bioscience, hospitality, manufacturing, logistics, healthcare, and more don’t just promise job security; they’re shaping a promising foundation for a thriving community and boundless growth opportunities.
Several notable businesses are propelling this economic growth. Companies like Philip Morris International, Dollar General, and United Airlines have chosen Northeast Aurora as their home base. Their presence equates to job creation, better services, and new and emerging businesses, leading to an overall quality of life boost.
While Northeast Aurora is shaping into a powerhouse in its own right, a broader perspective reveals a similar growth pattern throughout Colorado. New businesses in diverse industries continue to flow into the state, promising multifaceted development. These adjacent businesses throughout the state are essential to a thriving economy.
In 2023 Colorado added 3.5 million jobs, marking it the third-best year for job growth since 2020. The state’s annual job growth rate sat at a steady 2.3%, slightly outpacing the U.S. average. (Denver Post 3/2023). Notably, the service-producing sector outshone others by increasing 30,100 jobs, while the government sector also made significant strides by adding 23,000 positions. The best part? Many of these jobs are within a 20-mile radius of Painted Prairie.
The divergence in job growth across the state paints an intriguing picture. Despite being Colorado’s largest population center, Denver noted a decline in job availability due to various factors, including high housing costs. Meanwhile, Boulder and Colorado Springs seized the limelight by adding more than 6,000 jobs.
The real star of the show is Northeast Aurora.
Aurora has demonstrated consistent job growth. In November 2023, the city boasted approximately 193,884 employed individuals, marking a steady surge from previous years. Industries contributing significantly to this rise included educational services, healthcare, social assistance, professional, scientific, management, administrative, waste management, retail trade, arts, entertainment, recreation, accommodation, and food services.
The continued job expansion in Aurora goes hand-in-hand with the city’s wage growth. Compared to Colorado’s 3.2% growth rate, Aurora stood tall with a 5-year compound growth rate of 4.1%. This growth extended to businesses, seeing a 3.9% compound annual growth between 2014 and 2019, slightly overtaking Colorado’s 3.3%.
These figures, paired with the arrival of notable businesses such as Philip Morris International, Dollar General, and United Airlines, paint a vivid picture of Aurora’s economic upswing into 2025 and beyond. The city’s evolution is a testament to Colorado’s resilient economy and the enticing prospects it offers.
In a nutshell, Northeast Aurora, Colorado, packs a powerful punch for people considering relocation or looking for a new home. The burgeoning industries, powerful businesses, and strategic statewide efforts create a promising outlook for 2025.
What does this look like for homebuyers? More housing options! Living in Colorado is a dream for many people. Finding a new home in the right neighborhood is a dream come true! Finding a home where you’re one of the first to plant roots – is priceless. That’s why Painted Prairie was strategically placed in what will become the next greatest economic epicenter of Colorado. Offering easy commutes, flexible lifestyle choices, and homes in price ranges that suit each buyer’s tastes.
Since breaking ground in 2020, the community has welcomed over 900 families. With two phases of development near completion, and more on the way, Painted Prairie will eventually be home to over 3,400 residences. From townhomes and paired villas to single-family homes for empty-nesters to multigenerational families and everything in between.
Explore over 50 floorplans and more on our Explore Homebuilders page. We’ve listed each builder’s contact information so you can reach out and find your dream home in Colorado’s next boomtown.
