Colorado Springs, Colorado was selected as the No. 1 Best Big City in “Best Places to Live” by Money magazine in 2006. The city sits at the base of Pikes Peak in the eastern edge of the southern Rocky Mountains. The elevation is 6035 ft., over one mile above sea level.
The city’s population stood at 416,427 according to the 2010 census. Denver is 65 miles to the north along I-25. Colorado Springs features a semi arid climate. The city receives approximately 16.2 inches (41 cm) of annual precipitation, which includes rain and snow. The average snowfall is 42.7 inches (108 cm). Due to unusually low precipitation for several years after flooding in 1999, Colorado Springs enacted lawn water restrictions in 2002. These were lifted in 2005.
Colorado Springs’ economy is driven primarily by the military, the high-tech industry, and tourism, in that order. The city is currently experiencing some growth mainly in the service sectors. The current unemployment rate, as of June 2012, in Colorado Springs is 9.8% compared to 8.2% for the State and the Nation.
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