SalaryNode

Average Carpenters Salary in Colorado Springs, CO

Carpenters in Colorado Springs, CO, earn an average annual salary of $54,640. This figure is notably below the national average of $64,010, suggesting that local market dynamics, such as demand, cost of living, and the concentration of the profession, play a significant role in shaping compensation for this trade.

Executive Summary

  • Average Salary: $54,640 per year.
  • Growth Trend: Salaries have shifted 7.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $68,440.
  • Outlook: With a local workforce of 1,470 Carpenters and a Location Quotient of 1.02, Colorado Springs presents a stable, albeit not exceptionally concentrated, job market for this profession. The number of jobs per 1,000 workers, at 4.603, indicates a steady demand that aligns closely with national employment patterns for skilled trades.
2024 Market Data

Salary Overview

$54,640

The average Carpenters in Colorado Springs, CO earns-14.6%below the national average.

BreakdownBased on 40h/week
Hourly

$26.3

Weekly

$1,051

Monthly

$4,553

Carpenters Salary Distribution in Colorado Springs, CO

Salary progression for Carpenters in Colorado Springs typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, 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 advances in expertise and responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$38,610$18.6
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$40,980$19.7
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$53,970$25.9
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$68,300$32.8
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$68,440$32.9

Detailed Carpenters Market Analysis

Relocation Context

Nominal Salary

$54,640

Gross Pay

Real Wage (Purchasing Power)

$54,640

Adjusted for COL (100)

The average Carpenter salary of $54,640 in Colorado Springs aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal income earned by a Carpenter in this city holds purchasing power equivalent to the national average, offering a balanced financial landscape for residents.

Job Market Context

1,470

Total Jobs

4.603

Per 1K Jobs

1.02

Location Quotient

Above Average

With a location quotient of 1.02, Colorado Springs, CO has a slightly higher-than-average concentration of Carpenters roles compared to the national norm.

A Location Quotient of 1.02 for Carpenters in Colorado Springs indicates that the concentration of this profession is very close to the national average. This suggests a balanced job market where demand and supply are relatively in equilibrium, without an overwhelming surplus or scarcity of skilled Carpenters compared to other occupations.

Nearby Job Markets

Nearby Cities for Carpenters

CitySalaryDist.
Northwest Colorado nonmetropolitan area Carpenters Salary$61,640↑ 13%32 mi
Southwest Colorado nonmetropolitan area Carpenters Salary$58,150↑ 6%32 mi
Eastern and Southern Colorado nonmetropolitan area Carpenters Salary$54,570↓ 0%32 mi
Pueblo, CO Carpenters Salary$55,280↑ 1%42 mi
Denver-Aurora-Centennial, CO Carpenters Salary$60,020↑ 10%62 mi

Comparing salaries near Colorado Springs, CO

Hiring Carpenterss?

Frequently Asked Questions

How much does a Carpenters make in Colorado Springs, CO?

The median annual salary for a Carpenters in Colorado Springs, CO is $54,640. This typically ranges from $38,610 for entry-level positions to $68,440 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Colorado Springs, CO is 14.6% lower than the national median of $64,010.

Is Colorado Springs, CO a lucrative place for Carpenters?

No, not significantly more lucrative than the national average.Carpenters in Colorado Springs earn below the national average salary, though the cost of living is also at the national average. This results in purchasing power that is comparable to the national median.

Is Colorado Springs, CO a good place to live for Carpenters?

The Cost of Living Index in Colorado Springs, CO is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Colorado Springs, CO?

Some top paying nearby cities include Northwest Colorado nonmetropolitan area ($61,640) and Southwest Colorado nonmetropolitan area.

What is the average salary for a Carpenter in Colorado Springs, CO?

The average annual salary for a Carpenter in Colorado Springs, CO is $54,640.

How does the Colorado Springs Carpenter salary compare to the national average?

The average salary in Colorado Springs ($54,640) is lower than the national average salary for Carpenters ($64,010).

What is the cost of living in Colorado Springs, CO?

The Cost of Living Index in Colorado Springs, CO is 100, which is exactly the national average.

How concentrated is the Carpenter job market in Colorado Springs?

The Carpenter job market in Colorado Springs is slightly more concentrated than the national average, with a Location Quotient of 1.02.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,470 employees in the Colorado Springs, CO area with a job density of 4.603 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 Springs, CO