Sometimes Durango is named to a list it may not want to be on. That’s possibly the case with being named the 16th richest small town in America by Bloomberg Business.

The publication ranked more than 500 micropolitan areas – populations between 10,000 and 50,000 – based on median household income, percentage of households making $200,000 or more annually, median home value and percentage of homes worth $1 million or more. Numbers came from the U.S. Census Bureau’s 2013 American Community Survey.

Ranking all four factors equally may make the methodology suspect, because one factor leading to high median home values here is a lack of inventory.

Many of the towns were near ski resorts or on vacation-worthy islands.

Because Colorado’s cities are too far from ski resorts for commuting, it’s different from Utah’s richest small towns, meaning most of the wealth here was earned in the past, is income from investments or telecommuting or second homes for the wealthy.

For more information, visit www.bloomberg.com/news/articles/2015-08-19/these-are-the-20-richest-small-towns-in-america.

Herald staff