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Average Carpenters Salary in Colorado

Carpenters in Colorado earn an average annual salary of $58,650, which is slightly below the national average of $64,010. This difference can be attributed to a variety of factors, including the specific demand for carpentry skills within the state's construction and development sectors, as well as regional economic conditions.

Executive Summary

  • Average Salary: $58,650 per year.
  • Growth Trend: Salaries have shifted 12.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $75,680.
  • Outlook: With a total local workforce of 13,840 and a Location Quotient of 1.06, Colorado demonstrates a healthy and slightly above-average concentration of carpentry jobs. This indicates a robust demand for skilled carpenters, suggesting a stable and potentially growing job market within the state.
2024 Market Data

Salary Overview

$58,650

The average Carpenters in Colorado earns-8.4%below the national average.

BreakdownBased on 40h/week
Hourly

$28.2

Weekly

$1,128

Monthly

$4,888

Carpenters Salary Distribution in Colorado

Salary progression for carpenters in Colorado typically scales with experience. Entry-level positions may start at a lower wage, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries. The percentile gaps in earnings clearly signify the career progression and increased earning potential as one moves from apprentice to master carpenter.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$40,000$19.2
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$43,988$21.1
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$59,490$28.6
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$73,313$35.2
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$75,680$36.4

Detailed Carpenters Market Analysis

Relocation Context

Nominal Salary

$58,650

Gross Pay

Real Wage (Purchasing Power)

$55,592

Adjusted for COL (105.5)

The average carpenter salary of $58,650 in Colorado needs to be viewed in the context of its Cost of Living Index of 105.5. This index is slightly above the national average, meaning that while the nominal salary is below the national average, the purchasing power might be closer when considering the higher cost of goods and services in the state.

Job Market Context

13,840

Total Jobs

4.787

Per 1K Jobs

1.06

Location Quotient

Above Average

With a location quotient of 1.06, Colorado has a slightly higher-than-average concentration of Carpenters roles compared to the national norm.

Colorado's Location Quotient of 1.06 for carpenters suggests that the state has a slightly higher concentration of these professionals compared to the national average. This indicates a competitive yet well-established market, where demand is present and the workforce is adequately, if not slightly more than adequately, supplied.

Nearby Job Markets

Nearby Cities for Carpenters

CitySalaryDist.
Colorado Springs, CO Carpenters Salary$54,640↓ 7%32 mi
Denver-Aurora-Centennial, CO Carpenters Salary$60,020↑ 2%54 mi
Pueblo, CO Carpenters Salary$55,280↓ 6%66 mi
Boulder, CO Carpenters Salary$60,810↑ 4%67 mi
Greeley, CO Carpenters Salary$53,450↓ 9%98 mi

Comparing salaries near Colorado

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Frequently Asked Questions

How much does a Carpenters make in Colorado?

The median annual salary for a Carpenters in Colorado is $58,650. This typically ranges from $40,000 for entry-level positions to $75,680 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Colorado is 8.4% lower than the national median of $64,010.

Is Colorado a lucrative place for Carpenters?

Yes, with caveats.Colorado offers a slightly above-average concentration of carpentry jobs, indicating steady demand. However, the average salary is slightly below the national average, and the cost of living is higher, requiring careful financial planning.

Is Colorado a good place to live for Carpenters?

The Cost of Living Index in Colorado is 105.5. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Colorado?

Some top paying nearby cities include Colorado Springs, CO ($54,640) and Denver-Aurora-Centennial, CO.

How does Colorado's carpenter salary compare to the national average?

Carpenters in Colorado earn an average of $58,650 annually, which is approximately $5,360 less than the national average of $64,010.

What is the concentration of carpenters in Colorado?

Colorado has a Location Quotient of 1.06 for carpenters, indicating a slightly higher concentration of this profession compared to the national average.

How does the cost of living affect a carpenter's salary in Colorado?

With a Cost of Living Index of 105.5, Colorado is slightly more expensive than the national average. This means the $58,650 salary may have less purchasing power than a similar salary in a lower-cost state.

What is the total number of carpenters employed in Colorado?

There are approximately 13,840 carpenters employed in Colorado, representing a significant portion of the state's skilled trades workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 13,840 employees in the Colorado area with a job density of 4.787 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Carpenters • Data source: BLS OEWS 2024 •Jobs in Colorado