Community Profile

2021-2022 Proposed Revised Biennial Operating and Capital Budget

COMMUNITY PROFILE

Arvada is a beautiful first-ring suburb of Denver, the Mile High City, with a small-town feel despite its estimated population of 124,785 . Established in 1870, Arvada enjoys a rich history, quiet tree-lined neighborhoods, and a robust mix of business . Our strong civic leadership balances quality of life with an understanding and support of business and economic development . The City has been recognized at the state and national level for its business retention program .

Arvada’s land encompasses nearly 23,000 acres . Three proximate interstate highways provide easy access to the larger metropolitan region and Denver International Airport . An extraordinary trail system links with Denver trails on the east and the foothills of the Rocky Mountains to the west, punctuated with thousands of acres of parks and open spaces .

Arvada’s historic downtown provides an eclectic shopping and dining experience, and includes one of three area transit stops as part of the metropolitan FasTracks light rail system .

Arvada’s diverse economic base, highly educated workforce, low crime rate, and superb quality of life have helped shape our community into one of the most attractive and competitive cities in the Centennial State!

2021-2022 Proposed Revised Biennial Operating and Capital Budget

Work Force • Labor Force: 61,333 • Median Income: $72,010 • Unemployment Rate: 7 .4%

Population • (2020 Estimate) 124,785 • Households: 45,246 • Average Family Size: 3 .0 • Owner Occupied: 73% (vs . 27% Renter Occupied)

Real Estate - Residential

• Median Rent: $1,139 • Median Single Family Home Sales Price: $445,000 • Median Townhouse/Condo Sales Price: $283,750

Real Estate - Office

• Average Rent: $16 • Vacancy Percentage: 1 .81% • Vacant Sq Ft: 53,486

Real Estate - Retail

• Average Rent (Sq Ft): $20 • Vacancy Percentage: 2 .28% • Vacant (Sq Ft): 233,492

Real Estate - Industrial

• Average Rent (Sq Ft): $10 • Vacancy Percentage: 2 .18% • Vacant (Sq Ft): 240,669

Vision:

We Dream Big and Deliver

Mission:

We are dedicated to delivering superior services to enhance the lives of everyone in our community

Values:

Innovation - We excel in creativity, flexibility and the use of best practices while valuing diverse backgrounds, ideas and perspectives. Passion - We are a high performing, inclusive team inspiring each other to pursue excellence. Opportunity - We value our diversity, embrace possibilities, face challenges, perservere and take action to deliver quality results.

Education • K-12 Schools: 34 • Students: 17,694 • Teachers: 1,194 Other Staff: 1,426