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Demographics

Population and Growth
Loveland’s estimated population for 2016 is 74,427 with a median age of 38.4. Loveland continues to grow robustly, having added over 6,000 residents since the 2010 Census.

Age distribution
65+: 15.6% | 45-64: 26.4% | 35-44: 13% | 20-34: 20% | 0-19: 24.9%
As the city has grown, it has become older overall. The number of school-aged children (under 19) fell by 16 percent. At the opposite end of the spectrum, the age groups over 45 experienced the sharpest growth rate. The number of those between ages 20-34 grew by six percent, which may suggest that the city is attracting more millennials as well.

Generational Breakdown

Ages
Greatest Generation (-1927) ≥89
Silent Generation (1928-1945) 71-88
Baby Boomers (1946-1964) 52-70
Gen X (1965-1979) 37-51
Millennial (1980-1999) 17-36
Next Generation (2000+) ≤16
Median Age: 38.4

Climate
Loveland has four seasons with moderate temperatures, low humidity and an average 69 percent of days with sunshine. The region also averages about 60 inches of snow annually, although winter storms are normally short lived.

• Abundance sunshine and low humidity
• Average temperature: 54 degrees
• Annual precipitation: 15.8 inches
• Average snowfall: 300 inches at mountain resorts
• First snow in September

Average Temperatures:
Spring 25°/61° F | Summer 54°/83° F
Fall 34°/63° F | Winter 16°/43° F

Household Income
Median Income – Median household income in Loveland in 2014 was $55,580.
Total households (2014) 29,227
% by Household
Less than $10,000 4%
$10,000 to $14,999 4%
$15,000 to $24,999 11%
$25,000 to $34,999 11%
$35,000 to $49,999 14%
$50,000 to $74,999 21%
$75,000 to $99,999 14%
$100,000 to $149,999 14%
$150,000 to $199,999 4%
$200,000 or more 2%

Cost of living
The Denver-Boulder-Greeley Consumer Price Index (CPI) is a benchmark for inflation and deflation, generally calculated by monitoring the average costs increase for a number of goods. The 2015 CPI value is 240.

Housing
The average sale price for a single family home in Loveland in 2014 was $281,405.

Rent
The median rent is $1,187 per month, according to the Colorado Division of Housing Multi-family Housing Vacancy and Rental.

Housing Assistance Programs
The Housing Authority of the City of Loveland (HACOL) provides housing resources to assure that all residents of Loveland have access to safe and decent housing, and to create and maintain an environment which encourages the realization of each person’s ability to manage their life with dignity. The HACOL is dedicated to excellence in management and in the delivery of services.

Taxes
Colorado has one of the nation’s most favorable business tax climates. The state ranked 16th on the Tax Foundation’s 2012 State Business Tax Climate Index, which measures the extent to which state tax policies promote corporate growth and investment.
*These numbers do not include individual URA or metro district taxes.

Corporate Income Tax – Every domestic and foreign corporation located in and doing business in Colorado is subject to corporate income tax. For income tax years beginning Jan. 1, 2009, multistate corporations with operations in Colorado are taxed using single-factor apportionment. This approach allows companies to pay taxes based solely on their sales in the state.

Individual Income Tax – Colorado has a flat individual income tax structure. The State of Colorado Personal Income Tax rate 4.63 percent of federal taxable income.

Retail Sales Tax – The state of Colorado retail sales tax rate has been 2.9 percent since January 2001. Loveland’s City Retail Sales Tax is three percent. Larimer County’s rate is 0.65 percent. The total retail sales tax for this region is 6.55 percent.

Lodging Tax – Loveland has a three percent lodging tax on the lodging price approved by the voters in November 2009. Revenue is to be used to promote tourism, conventions and related activities within the city by marketing the city and promoting community events.

Real Property Tax – The city’s mill levy has been 9.564 since 1992 and Loveland continues to have one of the lowest city government property tax levies in northern Colorado. Larimer County has a mill levy of 22.424.

Education
Loveland has an excellent network of elementary schools, community colleges and universities that prepare students for the workforce. Of Loveland’s adult population 25 years and older, 32.5 percent have a bachelor’s or higher-level degree and 90.4 percent have graduated from high school. By comparison, 28.2 percent of adults nationwide have a bachelor’s or higher-level degree and 85.6 percent have graduated from high school.

Loveland’s bragging rights
• No. 2 of the 100 Best Small Art Towns in America – John Villani 2005
• Largest Outdoor Sculpture Show in America – LovelandSculptureGroup.org
• Most Satisfied City Loveland/Fort Collins – Live Happy Magazine
July 2014
• Top Colorado City for Job Growth, Loveland-Fort Collins: 2011 Best Cities for Job Growth, www.newgeography.com – May 2011
• 3rd Happiest Metro Region, Loveland/Fort Collins, CO: Gallup and Healthways Well-Being Index – March 2014
• Best Places to Live No. 33 – Money magazine 2010, 2008
• Best Performing Cities Loveland/Fort Collins – Forbes 2010
• Best Places for a Long Life – Money magazine 2008
• Best Place to Retire on the Water – US News 2009
• Best Places to Retire List – Money magazine 2006
• Nation’s No. 1 Boomtown 2015, SmartAsset
• No. 3 Best Places in Colorado for job seekers Nerdwallet
• Downtown Colorado Inc. 2014 Governor’s Award for Best New Construction, Infill or Redevelopment: the Gallery Flats August 2014
• Largest Outdoor Sculpture Show in America – LovelandSculptureGroup.org
• Featured Arts District and Downtown – Sunset Magazine February 2014

Services, Utilities, Licenses

Cable TV, Internet & Telephone
Qwest Residential | (800) 244-1111
Qwest Business | (800) 503-6000
Comcast | (888) 824-4010
Directv | (888) 777-2454
Dish Network | (800) 823-4929

Communication
Reporter Herald | (970) 669-5050
Loveland Connection | (970) 203-9581
Economic Development/Building/Planning

City of Loveland Economic
Development Department | (970) 962-2561

Department of Labor
Unemployment Insurance Benefits | (800) 388-5515
Unemployment Insurance Tax | (800) 480-8299
Workers’ Compensation Customer Service | (303) 318-8700
Workers’ Compensation Employer Services | (303) 318-8640

Electric & Water
Utility Billing provides electric and water service
for majority of Loveland | (970) 962-2111
Poudre Rural Electric Association
serves a portion of Loveland | (800) 432-1012
Fort Collins-Loveland Water District serves parts
of North Loveland | (970) 226-3104

Little Thompson Water District
serves parts of South Loveland | (970) 532-2096

Licenses
Sales Tax License | (970) 962-2708
Liquor Licensing | (970) 962-2324
Driver License | (970) 667-7247
License Plates | (970) 679-4521
Loveland requires no business license

Natural Gas
Xcel Energy | (800) 895-4999

Trash/Recycling
Loveland Recycle Center | (970)962-2529
Larimer County Landfill | (970) 498-5760
Utility Notification Center “Call before you dig”
(800) 922-1987 or 811

Voter Registration
Loveland City Clerk | (970) 962-2322

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