Economy, jobs and prices in Colorado, United States: official figures
The economy of Colorado (gross domestic product) was worth $574.9 billion in 2025 at current prices, 1.9% of the US total of $30.86 trillion; 17th largest of 51. In current dollars it was up 4.2% on 2024.
How fast is the economy of Colorado growing?
After adjusting for inflation, real GDP in Colorado grew 1.9% in 2025, against 2.3% for the United States; 25th slowest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Colorado?
Dividing 2025 GDP by the Census Bureau's population estimate gives $95,610 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 12th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Colorado growing or shrinking?
In the second quarter of 2026, real GDP in Colorado grew at an annual rate of 1.0% (United States: 2.2%); 17th slowest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Colorado?
In 2025 the largest private industry in Colorado's economy was real estate, rental and leasing (15.8% of GDP), followed by professional, scientific and technical services (11.4%) and health care and social assistance (6.4%). Government accounted for 11.3% and manufacturing for 5.1%; the manufacturing share was 9th lowest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Colorado spend?
Consumer spending (personal consumption expenditures) in Colorado came to $68,438 per person in 2025 (United States: $61,062); 9th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Colorado expensive to live in?
Prices in Colorado were 3.1% above the national average in 2024, by BEA's regional price parity of 103.1 (US = 100), which covers goods, services and housing; 13th most expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Colorado?
Prices in Colorado rose 3.8% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Colorado?
Personal income per person in Colorado was $86,342 in 2025, against $77,028 for the United States; 10th highest of 51. It was up 4.7% on 2024 and up 33.5% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Colorado?
After taxes, disposable personal income per person was $75,180 in 2025 (United States: $67,251); 10th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Colorado?
Adjusted for local price levels, real personal income per person in Colorado was $65,223 in 2024 in 2017 dollars (United States: $59,195); 8th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Colorado?
Median household income in Colorado was $97,113 in 2024 (margin of error ±$1,081), against $81,604 for the United States; 9th highest of 51 by the point estimate. It was not statistically different from 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Colorado?
The Gini index of household income inequality in Colorado was 0.461 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); tied for 20th least unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Colorado?
The unemployment rate in Colorado was 4.1% in September 2026 (seasonally adjusted, preliminary), up from 3.8% a year earlier; 21st highest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Colorado?
In September 2026, 131,932 people in Colorado were unemployed and 3,047,353 employed, out of a labor force of 3,179,285.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Colorado in 2025?
Over 2025 the unemployment rate in Colorado averaged 4.0% (an 11-month average: October 2025 was not collected during the federal shutdown), against 4.1% in 2024; tied for 24th highest of 51. The lowest annual rate since 1976 was 2.6% in 2017.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Colorado?
Workers covered by unemployment insurance in Colorado were paid $84,153 on average in 2025 ($1,618 a week), up 4.8% on 2024; the US average was $78,720. That is 8th highest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Colorado?
Employers in Colorado had an average of 2,891,626 jobs on their payrolls in 2025 across 250,068 establishments, down 0.2% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Colorado?
The median annual wage across all occupations in Colorado was $59,800 in May 2025 (mean $77,190); 5th highest of 51. One in ten workers earned less than $36,350 and one in ten more than $136,330.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Colorado?
The most common occupation in Colorado in May 2025 was fast food and counter workers, with 82,010 workers and a median annual wage of $36,270.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Colorado?
Median household income in Colorado was $96,871 in 2024, 9th highest among the 50 states and DC (U.S.: $81,604). In 2019 it was $77,104, so it has risen 25.6% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Colorado?
The median gross rent in Colorado, including utilities, was $1,822 a month in 2024, up 2.9% on 2023 ($1,771); 6th highest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Colorado?
Homeowners in Colorado valued their homes at a median of $574,600 in 2024, up 4.4% on 2023 ($550,300); 6th highest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Colorado?
The median home value in Colorado was 5.9 times the median household income in 2024 ($574,600 against $96,871); 5th highest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Colorado?
A household on the median income in Colorado would spend 22.6% of its income on the median rent of $1,822 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Colorado compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Colorado ranks 17 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 14 | Michigan | $733.9 billion |
| 15 | Arizona | $592.1 billion |
| 16 | Tennessee | $586.2 billion |
| 17 | Colorado | $574.9 billion |
| 18 | Maryland | $567.0 billion |
| 19 | Indiana | $542.5 billion |
| 20 | Minnesota | $515.1 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Colorado ranks 12 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 9 | Nebraska | $102,386 |
| 10 | Alaska | $99,875 |
| 11 | Illinois | $97,568 |
| 12 | Colorado | $95,610 |
| 13 | New Jersey | $92,980 |
| 14 | Texas | $92,474 |
| 15 | Virginia | $90,981 |
Real GDP growth, 2025 (2025)
Colorado ranks 27 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 24 | Montana | 2.0% |
| 25 | Alabama | 2.0% |
| 26 | Vermont | 1.9% |
| 27 | Colorado | 1.9% |
| 28 | Indiana | 1.9% |
| 29 | Pennsylvania | 1.8% |
| 30 | North Carolina | 1.8% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Colorado ranks 35 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 32 | Nevada | 1.3% |
| 33 | Virginia | 1.2% |
| 34 | Arkansas | 1.1% |
| 35 | Colorado | 1.0% |
| 36 | Rhode Island | 0.9% |
| 37 | Oregon | 0.8% |
| 38 | District of Columbia | 0.8% |
Personal income per person, 2025 (2025)
Colorado ranks 10 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 7 | New Jersey | $89,720 |
| 8 | Washington | $88,944 |
| 9 | New Hampshire | $88,145 |
| 10 | Colorado | $86,342 |
| 11 | Maryland | $82,387 |
| 12 | Virginia | $80,903 |
| 13 | Alaska | $80,510 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Colorado ranks 8 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 5 | South Dakota | $69,153 |
| 6 | Nebraska | $65,297 |
| 7 | North Dakota | $65,271 |
| 8 | Colorado | $65,223 |
| 9 | New Hampshire | $64,632 |
| 10 | Washington | $64,421 |
| 11 | New York | $64,153 |
Median household income, 2024 (ACS) (2024)
Colorado ranks 9 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 6 | California | $100,149 |
| 7 | New Hampshire | $99,782 |
| 8 | Washington | $99,389 |
| 9 | Colorado | $97,113 |
| 10 | Utah | $96,658 |
| 11 | Connecticut | $96,049 |
| 12 | Alaska | $95,665 |
Regional price parity, 2024 (US = 100) (2024)
Colorado ranks 13 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 10 | Connecticut | 103.6 |
| 11 | Florida | 103.4 |
| 12 | Oregon | 103.4 |
| 13 | Colorado | 103.1 |
| 14 | Alaska | 102.4 |
| 15 | Rhode Island | 102.3 |
| 16 | Virginia | 101.1 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Colorado ranks 21 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 18 | Alaska | 4.3% |
| 19 | New Jersey | 4.2% |
| 20 | Oklahoma | 4.2% |
| 21 | Colorado | 4.1% |
| 22 | South Carolina | 4.0% |
| 23 | Louisiana | 4.0% |
| 24 | West Virginia | 4.0% |
Unemployment rate, 2025 annual average (2025)
Colorado ranks 26 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 23 | Arkansas | 4.1% |
| 24 | Missouri | 4.0% |
| 25 | Maryland | 4.0% |
| 26 | Colorado | 4.0% |
| 27 | Connecticut | 4.0% |
| 28 | Florida | 3.9% |
| 29 | Minnesota | 3.9% |
Labor force participation rate, September 2026 (September 2026)
Colorado ranks 11 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 8 | South Dakota | 66.3% |
| 9 | Massachusetts | 65.4% |
| 10 | Alaska | 65.3% |
| 11 | Colorado | 65.2% |
| 12 | Wisconsin | 64.9% |
| 13 | New Hampshire | 64.8% |
| 14 | Texas | 64.2% |
Average annual pay, 2025 (QCEW) (2025)
Colorado ranks 8 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 5 | California | $96,963 |
| 6 | Connecticut | $90,982 |
| 7 | New Jersey | $86,247 |
| 8 | Colorado | $84,153 |
| 9 | Maryland | $81,539 |
| 10 | New Hampshire | $80,892 |
| 11 | Virginia | $80,093 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Colorado ranks 5 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 2 | Massachusetts | $63,590 |
| 3 | Washington | $62,990 |
| 4 | Alaska | $61,000 |
| 5 | Colorado | $59,800 |
| 6 | Connecticut | $59,690 |
| 7 | New York | $59,670 |
| 8 | Maryland | $59,510 |
Median household income (2024)
Colorado ranks 9 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 6 | New Hampshire | $100,364 |
| 7 | California | $100,130 |
| 8 | Washington | $99,309 |
| 9 | Colorado | $96,871 |
| 10 | Utah | $96,398 |
| 11 | Alaska | $96,336 |
| 12 | Connecticut | $95,670 |
Median gross rent (monthly) (2024)
Colorado ranks 6 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 3 | District of Columbia | $1,931 |
| 4 | Massachusetts | $1,848 |
| 5 | Washington | $1,824 |
| 6 | Colorado | $1,822 |
| 7 | Florida | $1,812 |
| 8 | New Jersey | $1,800 |
| 9 | Maryland | $1,721 |
Median value of owner-occupied homes (2024)
Colorado ranks 6 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 3 | District of Columbia | $733,400 |
| 4 | Massachusetts | $607,400 |
| 5 | Washington | $602,200 |
| 6 | Colorado | $574,600 |
| 7 | Utah | $545,200 |
| 8 | Oregon | $497,500 |
| 9 | New Jersey | $496,000 |
More on Colorado: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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