Denver has swiftly taken the national tech scene by storm, growing exponentially over the last decade. Now, Denver stands as a national hub for software talent, and with a balanced economy and strong industries, Software Engineers have a choice of where they would like to take their careers. Not only do tech professionals move to Denver to enjoy the blend of nature and urban life, but Denver has several top universities, like the University of Colorado Boulder and the University of Denver, that create highly skilled and talented tech professionals.
Even though Denver has become a competitive job market for various tech positions, including software development, data science, and cybersecurity, new positions are always being created. Job growth in Denver for tech positions remains steady at 2%, and the unemployment rate remains below the national average. Denver offers various tech professionals a way to jump into one of the most up-and-coming tech markets while providing residents with a great quality of life. Aspiring or experienced Software Engineers should consider Denver a place to grow their career.
Even with a well-rounded economy with several highly ranked industries, one sector continuously dominates growth in the Denver market: Tech. The U.S. Bureau of Labor Statistics predicts Denver will experience a 22% surge in software development positions over the next decade. This growth surpasses the national average for this position, making Denver the prime location for these tech professionals.
As more jobs appear in the Denver market, more companies opt for remote/hybrid work. Since Denver has more to offer than the typical city lifestyle, companies want to improve the average work/life balance and give their employees a chance to experience everything Colorado offers. This also allows employees to live outside of the Denver-Metro area, where living costs are more affordable.
Several major companies in the aerospace and finance sectors are moving into Denver to take advantage of the large tech talent pool. As these companies move in and create a more competitive market, tech professionals are seeing salary increases. The average salary for software development positions sits around $125,000 annually; however, these positions may experience up to a 25% increase in salary over the next 5 years. Denver could easily rise to be within the top 5 markets in the coming years if the city continues to experience this amount of growth.
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