Average Light Truck Drivers Salary in Colorado Springs, CO
Light Truck Drivers in Colorado Springs, CO earn an average annual salary of $46,520. This figure is slightly below the national average of $47,920, indicating a localized compensation structure influenced by regional economic factors and the specific demands of the Colorado Springs market. The cost of living in Colorado Springs aligns perfectly with the national average, suggesting that this salary offers a comparable standard of living.
Executive Summary
- Average Salary: $46,520 per year.
- Growth Trend: Salaries have shifted 15.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,210.
- Outlook: With a local workforce of 1,530 Light Truck Drivers, Colorado Springs presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.74 suggests that while the profession is present, it is not disproportionately represented compared to the national landscape. This indicates a steady demand that aligns with general economic activity rather than a hyper-specialized need.
Salary Overview
The average Light Truck Drivers in Colorado Springs, CO earns-2.9%below the national average.
$22.4
$895
$3,877
Light Truck Drivers Salary Trends (2020-2024)
While specific historical data for Light Truck Drivers in Colorado Springs is not provided, it is reasonable to assume a trend of gradual salary growth over the past four years, mirroring national patterns. Economic recovery and increased demand for logistics services typically drive upward pressure on wages for essential roles like truck driving, suggesting that compensation has likely kept pace with inflation and evolving market conditions.
Light Truck Drivers Salary Distribution in Colorado Springs, CO
Salary progression for Light Truck Drivers in Colorado Springs is typically tied to experience and specialization. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive driving records, specialized endorsements (like hazardous materials), and proven reliability can command significantly higher salaries. The percentile gaps in earnings clearly signify career advancement opportunities, rewarding dedication and skill development within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $34,000 | $16.3 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $34,890 | $16.8 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $43,750 | $21 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $58,150 | $28 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $62,210 | $29.9 |
Detailed Light Truck Drivers Market Analysis
Relocation Context
Nominal Salary
$46,520
Gross Pay
Real Wage (Purchasing Power)
$46,520
Adjusted for COL (100)
The average annual salary of $46,520 in Colorado Springs aligns precisely with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power effectively within the city, offering a standard of living equivalent to the national benchmark. Relocating professionals can expect their earnings to translate directly into comparable lifestyle expenses.
Job Market Context
1,530
Total Jobs
4.783
Per 1K Jobs
0.74
Location Quotient
Colorado Springs, CO has 0.74x the national average concentration of Light Truck Drivers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.74 for Light Truck Drivers in Colorado Springs indicates that the concentration of these professionals is slightly below the national average. This suggests that while the job market is active and supports a workforce of 1,530 individuals, it may not be overly saturated. Consequently, there could be consistent opportunities for skilled drivers, but the market is not characterized by an unusually high demand relative to other professions.
Nearby Job Markets
Nearby Cities for Light Truck Drivers
| City | Salary | Dist. |
|---|---|---|
| Northwest Colorado nonmetropolitan area Light Truck Drivers Salary | $47,510↑ 2% | 32 mi |
| Southwest Colorado nonmetropolitan area Light Truck Drivers Salary | $49,920↑ 7% | 32 mi |
| Eastern and Southern Colorado nonmetropolitan area Light Truck Drivers Salary | $46,870↑ 1% | 32 mi |
| Pueblo, CO Light Truck Drivers Salary | $43,390↓ 7% | 42 mi |
| Denver-Aurora-Centennial, CO Light Truck Drivers Salary | $52,540↑ 13% | 62 mi |
Comparing salaries near Colorado Springs, CO
Hiring Light Truck Driverss?
Frequently Asked Questions
How much does a Light Truck Drivers make in Colorado Springs, CO?
The median annual salary for a Light Truck Drivers in Colorado Springs, CO is $46,520. This typically ranges from $34,000 for entry-level positions to $62,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado Springs, CO is 2.9% lower than the national median of $47,920.
Is Colorado Springs, CO a lucrative place for Light Truck Drivers?
No, it is not exceptionally lucrative compared to the national average.The average salary of $46,520 is slightly below the national average of $47,920, though the cost of living is on par with the national average. The location quotient also suggests a slightly lower concentration of these roles than the national average.
Is Colorado Springs, CO a good place to live for Light Truck Drivers?
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 ($47,510) and Southwest Colorado nonmetropolitan area.
How does the cost of living in Colorado Springs affect the Light Truck Driver salary?
The Cost of Living Index in Colorado Springs is 100, matching the national average. This means the $46,520 salary provides a purchasing power equivalent to the national average, making it a fair reflection of living expenses.
What does the Location Quotient of 0.74 mean for Light Truck Drivers in Colorado Springs?
A Location Quotient of 0.74 signifies that Light Truck Drivers are slightly less concentrated in Colorado Springs compared to the national average. This suggests a balanced job market without extreme oversupply or undersupply of drivers.
How many Light Truck Drivers are there in Colorado Springs?
There are approximately 1,530 Light Truck Drivers employed in Colorado Springs, CO, contributing to the local logistics and transportation sector.
Are there many job opportunities for Light Truck Drivers in Colorado Springs?
With 4.783 jobs per 1,000 workers, the presence of Light Truck Drivers is notable in Colorado Springs, indicating consistent demand within the local economy for transportation services.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,530 employees in the Colorado Springs, CO area with a job density of 4.783 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Light Truck Drivers • Data source: BLS OEWS 2024 •Jobs in Colorado Springs, CO