Colorado's Population Shifts: Millennials Arrive, Older Generations Depart

Millennials are flocking to Colorado for opportunities, but older generations are leaving, causing a net population loss. Understanding this trend is key to Colorado's future.

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2025 November 5 . 1:13 PM

1 min read

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Colorado's Population Shifts: Millennials Arrive, Older Generations Depart

Colorado has witnessed a significant shift in its population dynamics over the past year, with millennials driving the growth while older generations opt to leave. The state saw nearly 450,000 moves, resulting in a net loss of nearly 9,500 residents.

The demographic trends are clear: millennials, making up 42.63% of new residents, are drawn to Colorado's opportunities, while Generation Xers and Baby Boomers are more likely to depart. The financial aspect is also notable. Inbound residents tend to be wealthier, with most earning between $101,000 and $200,000, compared to outbound residents who earn less, typically between $51,000 and $100,000.

Texas, meanwhile, has emerged as a key player in Colorado's migration patterns. It was the most popular state for Coloradans leaving, accounting for 10.82% of outbound moves. Conversely, Texas was also the top state sending new residents to Colorado, making up 13.51% of all inbound moves.

Despite the influx of millennials and wealthier residents, Colorado experienced a net loss in population, ranking it as the ninth least popular state to move to in the past year. As the state continues to attract younger, wealthier residents, understanding the reasons behind the departure of older generations and the net loss in population will be crucial for Colorado's future growth and planning.