Average Construction and Extraction Occupations Salary in Colorado
In Colorado, professionals in Construction and Extraction Occupations earn an average annual salary of $63,210. This figure is marginally below the national average of $64,030, suggesting that while the demand is present, other market factors may influence compensation. The state's unique economic landscape and specific industry needs contribute to this localized pay scale.
Executive Summary
- Average Salary: $63,210 per year.
- Growth Trend: Salaries have shifted 18.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $90,420.
- Outlook: Colorado boasts a substantial workforce of 138,470 individuals in Construction and Extraction Occupations. With a Location Quotient of 1.16, this sector is more concentrated in Colorado than the national average, indicating a robust and established presence. The high number of jobs per 1,000 workers further underscores the significant demand and activity within the state's construction and extraction industries.
Salary Overview
The average Construction and Extraction Occupations in Colorado earns-1.3%below the national average.
$30.4
$1,216
$5,268
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Construction and Extraction Occupations in Colorado have experienced growth over the past four years, mirroring national trends. Economic development, infrastructure projects, and a dynamic housing market typically drive up demand for these roles, leading to upward pressure on wages.
Construction and Extraction Occupations Salary Distribution in Colorado
Salary progression within Construction and Extraction Occupations in Colorado is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and supervisory experience can expect significantly higher compensation. The widening gap between entry-level and senior-level salaries, often reflected in percentile data, clearly signifies substantial career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $41,600 | $20 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $47,408 | $22.8 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $59,900 | $28.8 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $79,013 | $38 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $90,420 | $43.5 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$63,210
Gross Pay
Real Wage (Purchasing Power)
$59,915
Adjusted for COL (105.5)
Colorado's Cost of Living Index stands at 105.5, meaning it is 5.5% more expensive than the national average. The average annual salary of $63,210, while slightly below the national average, must be considered in this context. This indicates that the purchasing power of a Colorado construction worker's salary may be somewhat diminished compared to areas with a lower cost of living, requiring careful budgeting.
Job Market Context
138,470
Total Jobs
47.893
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Colorado has a slightly higher-than-average concentration of Construction and Extraction Occupations roles compared to the national norm.
A Location Quotient of 1.16 for Construction and Extraction Occupations in Colorado signifies that this sector is more concentrated in the state than it is nationally. This suggests a healthy and active job market with a demand that outpaces the national average relative to the overall workforce, potentially leading to more job opportunities and competitive hiring.
Nearby Job Markets
Nearby Cities for Construction and Extraction Occupations
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO Construction and Extraction Occupations Salary | $60,150↓ 5% | 32 mi |
| Denver-Aurora-Centennial, CO Construction and Extraction Occupations Salary | $65,800↑ 4% | 54 mi |
| Pueblo, CO Construction and Extraction Occupations Salary | $59,640↓ 6% | 66 mi |
| Boulder, CO Construction and Extraction Occupations Salary | $64,660↑ 2% | 67 mi |
| Greeley, CO Construction and Extraction Occupations Salary | $60,000↓ 5% | 98 mi |
Comparing salaries near Colorado
Hiring Construction and Extraction Occupationss?
Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Colorado?
The median annual salary for a Construction and Extraction Occupations in Colorado is $63,210. This typically ranges from $41,600 for entry-level positions to $90,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado is 1.3% lower than the national median of $64,030.
Is Colorado a lucrative place for Construction and Extraction Occupationss?
Yes, with caveats.Colorado offers a strong concentration of these jobs (LQ 1.16) and a large workforce, indicating demand. However, the average salary is slightly below the national average, and the cost of living is higher, which may impact overall financial well-being.
Is Colorado a good place to live for Construction and Extraction Occupations?
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 ($60,150) and Denver-Aurora-Centennial, CO.
How does Colorado's average salary compare to the national average for this field?
The average annual salary for Construction and Extraction Occupations in Colorado is $63,210, which is slightly lower than the national average of $64,030.
What does the Location Quotient of 1.16 mean for job seekers?
A Location Quotient of 1.16 indicates that Construction and Extraction Occupations are more concentrated in Colorado than the national average, suggesting a potentially stronger job market and more opportunities relative to the state's overall workforce.
How does the cost of living affect the purchasing power of the average salary?
With a Cost of Living Index of 105.5, Colorado is more expensive than the national average. This means the $63,210 salary may offer less purchasing power than a similar salary in a lower cost-of-living area.
What is the total number of workers in this sector in Colorado?
There are approximately 138,470 individuals employed in Construction and Extraction Occupations in Colorado.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 138,470 employees in the Colorado area with a job density of 47.893 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Construction and Extraction Occupations • Data source: BLS OEWS 2024 •Jobs in Colorado