Average Carpenters Salary in Southwest Colorado nonmetropolitan area
Carpenters in the Southwest Colorado nonmetropolitan area earn an average annual salary of $58,150. This figure is notably below the national average of $64,010, suggesting that regional economic factors and potentially lower demand contribute to this pay scale. The specific economic landscape and industry demands within this nonmetropolitan region play a significant role in shaping compensation for skilled trades.
Executive Summary
- Average Salary: $58,150 per year.
- Growth Trend: Salaries have shifted 13.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,940.
- Outlook: The carpenter job market in Southwest Colorado appears robust, with a total local workforce of 1,010 individuals. The location quotient of 2.07 indicates a concentration of carpenters nearly twice the national average, signaling strong local demand and a significant presence of this profession within the region's economy. This suggests a stable and potentially growing job market for skilled carpenters.
Salary Overview
The average Carpenters in Southwest Colorado nonmetropolitan area earns-9.2%below the national average.
$28
$1,118
$4,846
Carpenters Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that carpenter salaries in Southwest Colorado have experienced gradual growth over the past four years, mirroring national trends in skilled trades. Economic development and construction activity within the region likely contributed to modest increases in compensation, reflecting an evolving labor market.
Carpenters Salary Distribution in Southwest Colorado nonmetropolitan area
Carpenter salaries typically scale with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies clear career progression opportunities and increased earning potential as expertise develops.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $36,460 | $17.5 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $43,613 | $21 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $59,850 | $28.8 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $72,688 | $34.9 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $76,940 | $37 |
Detailed Carpenters Market Analysis
Relocation Context
Nominal Salary
$58,150
Gross Pay
Real Wage (Purchasing Power)
$58,150
Adjusted for COL (100)
The average carpenter salary of $58,150 in Southwest Colorado aligns perfectly with the national average cost of living index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that income is equivalent to the national standard, making it a neutral financial consideration for relocation from a cost-of-living perspective.
Job Market Context
1,010
Total Jobs
9.378
Per 1K Jobs
2.07
Location Quotient
Southwest Colorado nonmetropolitan area has 2.1x the national concentration of Carpenters jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a location quotient of 2.07, Southwest Colorado exhibits a significantly higher concentration of carpenters compared to the national average. This indicates that the demand for carpentry services is robust relative to the general workforce, and the profession is a key component of the local economy. While this suggests ample opportunities, it also implies a competitive environment among professionals.
Nearby Job Markets
Nearby Cities for Carpenters
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO Carpenters Salary | $54,640↓ 6% | 32 mi |
| Denver-Aurora-Centennial, CO Carpenters Salary | $60,020↑ 3% | 54 mi |
| Pueblo, CO Carpenters Salary | $55,280↓ 5% | 66 mi |
| Boulder, CO Carpenters Salary | $60,810↑ 5% | 67 mi |
| Greeley, CO Carpenters Salary | $53,450↓ 8% | 98 mi |
Comparing salaries near Southwest Colorado nonmetropolitan area
Hiring Carpenterss?
Frequently Asked Questions
How much does a Carpenters make in Southwest Colorado nonmetropolitan area?
The median annual salary for a Carpenters in Southwest Colorado nonmetropolitan area is $58,150. This typically ranges from $36,460 for entry-level positions to $76,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Colorado nonmetropolitan area is 9.2% lower than the national median of $64,010.
Is Southwest Colorado nonmetropolitan area a lucrative place for Carpenters?
No, not more lucrative than the national average.Carpenters in this region earn less than the national average salary. However, the cost of living is also at the national average, meaning purchasing power is comparable.
Is Southwest Colorado nonmetropolitan area a good place to live for Carpenters?
The Cost of Living Index in Southwest Colorado nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Colorado nonmetropolitan area?
Some top paying nearby cities include Colorado Springs, CO ($54,640) and Denver-Aurora-Centennial, CO.
How does the carpenter job market compare nationally?
The Southwest Colorado nonmetropolitan area has a concentration of carpenters (LQ 2.07) that is more than double the national average, indicating a stronger local presence and demand for the trade.
What is the impact of the cost of living on carpenter salaries in Southwest Colorado?
The cost of living in Southwest Colorado is exactly at the national average (100). Therefore, the $58,150 salary offers purchasing power equivalent to the national average, despite being lower than the national salary average.
How many carpenters are employed in Southwest Colorado?
There are approximately 1,010 carpenters employed in the Southwest Colorado nonmetropolitan area, representing 9.378 jobs per 1,000 workers.
Does experience significantly affect a carpenter's salary in this region?
Yes, as with most trades, experience is a key factor. Senior carpenters with specialized skills and extensive experience can expect to earn considerably more than entry-level workers, moving into higher salary percentiles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,010 employees in the Southwest Colorado nonmetropolitan area area with a job density of 9.378 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Carpenters • Data source: BLS OEWS 2024 •Jobs in Southwest Colorado nonmetropolitan area