Colorado Employment Statistics

  • 204,912 employers
  • 2,673,688 employees
  • $1,134 average weekly wage
  • The average weekly wage is 3.0% above the national average
  • The cost of living is 5.5% above the national average

Types of Employers (Private Sector vs Government Agency)

As an employer in Colorado, you are most likely to be running a private company rather than a government agency. 98.4% of employers run private companies in the state, BIGGER1.3% greater than the national average of 97.0. The remaining 1.6% of employers are government agencies: 0.6% work in a federal agency, 0.3% work for the state and 0.7% work for local government. The chart below illustrates the breakout of employers by type.
84.4% of employees work for a private company. This is 0.9% below the national average of 85.2%. Local government agencies employ 9.8% of the workers in the state, state government agencies employ 3.8% of the workers and the federal government employs 2.0%. The percentage of employees working for a government agency (15.6%) is 0.9% higher than the national average. The chart below illustrates the breakout of employees by type of employer.
The average weekly wage in Colorado is $1,134 per week, which is 3.0% less than the national average of $1,101 per week. Colorado workers that are employed by private businesses earn $1,140 per week, 3.6% greater than the national average for private company employees. Employees of federal government agencies in Colorado earn $1,616 per week, a premium of 41.8% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Professional services with 18.5% of the businesses in the state. Construction (9.7%) and Healthcare (9.1%) round out the top 3 sectors.
Table: Sectors by # of Businesses
Sector# Businesses% of Bus.
Professional services37,81418.5%
Construction19,8669.7%
Healthcare18,5569.1%
Retail trade17,8228.7%
Other services16,3918.0%
Accommodation and food services13,6676.7%
Wholesale trade13,5206.6%
Real estate and rental12,1035.9%
Waste services11,7905.8%
Finance and insurance11,2035.5%
Manufacturing5,8022.8%
Information4,1712.0%
Transport and warehousing4,1062.0%
Arts and entertainment3,2611.6%
Educational services3,0971.5%
Company management2,8821.4%
Unclassified1,8220.9%
Agriculture and forestry1,7010.8%
Mining and oil extraction1,5560.8%
Utilities4090.2%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 11.2% of the employees in the state. Accommodation and food services (10.6%) and Retail trade (10.2%) round out the top 3 sectors.
Table: Sectors by # of Employees
Sector# Employees% of Emp'
Healthcare298,55011.2%
Accommodation and food services282,47010.6%
Retail trade272,66410.2%
Professional services224,6078.4%
Construction173,0596.5%
Waste services158,5145.9%
Manufacturing147,2745.5%
Finance and insurance112,6284.2%
Wholesale trade108,2704.0%
Other services82,0133.1%
Transport and warehousing77,4542.9%
Information74,9912.8%
Arts and entertainment56,8452.1%
Real estate and rental52,1462.0%
Company management40,8241.5%
Educational services36,6811.4%
Mining and oil extraction28,2091.1%
Agriculture and forestry18,1420.7%
Utilities8,0300.3%
Unclassified2,0120.1%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Company management paying $2,617per week compared with the state average of $1,140. Mining and oil extraction ($2,323) and Utilities ($2,010) round out the top 3 sectors.
Table: Wages by Sector
SectorWkly Wagevs St Avg.
Company management$2,617229.6%
Mining and oil extraction$2,323203.8%
Utilities$2,010176.3%
Information$1,938170.0%
Professional services$1,882165.1%
Finance and insurance$1,851162.4%
Wholesale trade$1,644144.2%
Manufacturing$1,359119.2%
Unclassified$1,336117.2%
Construction$1,200105.3%
Real estate and rental$1,143100.3%
Transport and warehousing$1,09195.7%
Healthcare$98586.4%
Waste services$84774.3%
Educational services$80070.2%
Other services$78869.1%
Agriculture and forestry$73764.6%
Arts and entertainment$73064.0%
Retail trade$62454.7%
Accommodation and food services$45139.6%


Leading Industries

Businesses by Industry

Each broad sector is made up of specific industries. In Colorado. the industry with the most businesses is Restaurants and other eating places with 5.1% of the businesses in the state (with 10,426 employing 214,386 workers). Computer systems design and related services (4.6%) and Management consulting services (3.4%) round out the top 3 industries. The Top 10 Industries in the state are:
Industry# BusinessesEmp/Biz
Restaurants and other eating places10,42620.6
Computer systems design and related services9,3316.6
Management consulting services6,9633.3
Offices of real estate agents and brokers5,5981.6
Private households4,7441.2
Residential building construction4,3214.1
Accounting and bookkeeping services4,0675.0
Offices of lawyers3,7264.6
Insurance agencies and brokerages3,4794.0
Offices of physicians3,23711.5


Employees by Industry

The industry with the greatest number of employees in the state is Restaurants and other eating places with 8.0% of the businesses in the state. The industry employs 214,386 in 10,426 businesses, there are 20.6 employees on average in each of these businesses. Computer systems design and related services (2.3%) and General medical and surgical hospitals (1.8%) round out the top 3 industries.
Table: Industries by # of Employees
Industry# EmpEmp/Biz
Restaurants and other eating places214,38620.6
Computer systems design and related services61,3866.6
General medical and surgical hospitals49,332632.5
Temporary help services44,32734.7
Hotels and motels except casino hotels41,59432.2
Management of companies and enterprises40,82414.2
Supermarkets and other grocery stores40,12063.1
Offices of physicians37,31211.5
Engineering services35,50012.0
General merchandise stores including warehouse clubs and supercenters35,48873.6


Average Weekly Wage by Industry

The industry that pays their employees the most is Spectator sports, paying $9,001 compared with the state average of $1,140. Pipeline transportation of crude oil ($6,508) and Open-end investment funds ($4,335) round out the top 3 industries.
Table: Wages by Industry
IndustryWkly Wage% of Avg
Spectator sports$9,001789.6
Pipeline transportation of crude oil$6,508570.9
Open-end investment funds$4,335380.3
Securities and commodity exchanges$4,076357.5
Investment banking and securities dealing$3,971348.3
Commodity contracts brokerage$3,665321.5
Other financial vehicles$3,617317.3
Crude petroleum extraction$3,615317.1
Computer and peripheral equipment mfg.$3,451302.7
Natural gas extraction$3,369295.5


Company Size

Colorado Businesses by Size

The solopreneur company, has the most businesses in Colorado by far. 63.9% of all businesses in the state have fewer than 5 employees. The 191,481 small businesses in the state represent 96.1% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.

Colorado Employees by Business Size

The largest companies in the state represent 80.6% of all employees, which is 57.9% lower than the national average of 138.4%. Smallest companies also employ a lower percentage of the states workforce than the largest companies. The solopreneur (those that employ fewer than 5) companies employ 90.8% of all workers, which is 0.7% lower than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 546.8% of the labor force in the state, 3.2% less than the national average of 550.0%.

Colorado Avg Weekly Wages by Business Size

The smallest companies in Colorado (those with fewer than 5 employees) pay workers 17.2% more than the national average ($1,178 per week as compared to the national average of $975 per week). The largest companies in Colorado (those with more than 1,000 employees) pay 12.2% workers below the national average ($1,677 per week as compared to the national average of $1,882 per week).



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.