Economic Dashboard December 2016

How is the economy right now in Durango and La Plata County?

Find out the latest on our employment, home construction, tourism, and other key measures of our local economic performance. If you have any questions, please feel free to contact us and we can walk you through what the data means.

Local Economic Conditions

December 2016

Economic conditions in La Plata County from December 2012 to 2016.

 

Summary
Improved (+) 10
No Change (o) 3
Declined (-) 9
Improved (Declined) 1
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 29,699 30,520 30,604
  Employed 28,967 29,579 29,690
  Unemployment Rate (%) 2.5 2.3 3.0 +
  Labor Force Participation (%) 52.8 53.9 55.3
8
Construction & Housing
  New Permits (to Date)
     Durango 68 63 97
     Rest of County 183 172 141 +
  Value of Permits ($,000) (to Date)
     Durango 21,977 20,716 37,676
     Rest of County 100,211 93,673 49,755 +
  Home Sales 846 787 710 +
  Average Home Price ($) 454,967 454,233 423,951 +
Earnings Needed* ($) 75,100 72,800 68,300
8
Travel & Tourism
  Enplanements 15,196 15,018 15,100 o
  Lodgers Tax ($) 39,756 126,123 36,624 +
  Train Visitors 27,878 3,024 23,980 +
8
Gas & Oil
  New Permits (to date) 91 90 106
  Production (mmcf) 24,870 24,660 25,907
8
Other
Sales Tax, Durango ($,000)** 1,192 1,325 1,157 +
Commercial Sales ($,000) (to date) 34,241 31,963 28,936 +
Foreclosures (to date) 61 54 67 +
  Energy Use
     Large Industry (mwh) 31,669 31,625 31,632 o
     Other Commercial (mwh) 26,542 22,860 27,458
     Commercial Accounts 6,352 6,355 6,341 o

Notes:

*”Earnings needed” is the household income necessary to purchase an average-priced home in La Plata County.

**Sales tax for Durango includes Use Tax.

Sources: Employment: Colorado Department of Labor and US Census Construction & Housing: City of Durango, La Plata County, Mortgage-X.com, and the Wells Group  Travel & Tourism: City of Durango, Durango Area Tourism Organization (DATO), and Durango & Silverton Narrow Gauge Railroad   Gas & Oil: Colorado Oil & Gas Conservation Commission  Other: City of Durango (Sales tax and business permits), La Plata County Treasurers Office (Foreclosures),  and LPEA (Energy Use) (LPEA data is unaudited)




Economic Dashboard November 2016

How is the economy right now in Durango and La Plata County?

Find out the latest on our employment, home construction, tourism, and other key measures of our local economic performance. If you have any questions, please feel free to contact us and we can walk you through what the data means.

Local Economic Conditions

November 2016

Economic conditions in La Plata County from November 2012 to 2016.

 

Summary
Improved (+) 9
No Change (o) 6
Declined (-) 7
Improved (Declined) 2
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 30,520 30,520 29,669 o
  Employed 29,713 29,713 28,813 o
  Unemployment Rate (%) 2.3 2.6 2.9 +
  Labor Force Participation (%) 53.9 54.4 54.3 o
8
Construction & Housing
  New Permits (to Date)
     Durango 63 53 92
     Rest of County 172 154 140 +
  Value of Permits ($,000) (to Date)
     Durango 20,716 17,245 36,120
     Rest of County 93,673 83,899 49,069 +
  Home Sales 787 713 666 +
  Average Home Price ($) 454,233 452,777 424,741 +
Earnings Needed* ($) 72,800 69,400 68,500
8
Travel & Tourism
  Enplanements 15,018 17,440 13,706 +
  Lodgers Tax ($) 126,123 132,465 87,360 +
  Train Visitors 3,024 17,716 5,712
8
Gas & Oil
  New Permits (to date) 90 84 98
  Production (mmcf) 24,660 26,248 25,763
8
Other
Sales Tax, Durango ($,000)** 1,325 1,527 1,256 +
Commercial Sales ($,000) (to date) 31,963 28,955 26,652 +
Foreclosures (to date) 54 46 54 o
  Energy Use
     Large Industry (mwh) 31,625 32,196 31,836 o
     Other Commercial (mwh) 22,860 22,149 23,315
     Commercial Accounts 6,355 6,353 6,339 o

Notes:

*”Earnings needed” is the household income necessary to purchase an average-priced home in La Plata County.

**Sales tax for Durango includes Use Tax.

Sources: Employment: Colorado Department of Labor and US Census Construction & Housing: City of Durango, La Plata County, Mortgage-X.com, and the Wells Group  Travel & Tourism: City of Durango, Durango Area Tourism Organization (DATO), and Durango & Silverton Narrow Gauge Railroad   Gas & Oil: Colorado Oil & Gas Conservation Commission  Other: City of Durango (Sales tax and business permits), La Plata County Treasurers Office (Foreclosures),  and LPEA (Energy Use) (LPEA data is unaudited)




Economic Dashboard October 2016

How is the economy right now in Durango and La Plata County?

Find out the latest on our employment, home construction, tourism, and other key measures of our local economic performance. If you have any questions, please feel free to contact us and we can walk you through what the data means.

Local Economic Conditions

October 2016

Economic conditions in La Plata County from October 2012 to 2016.

Economic conditions in La Plata County from October 2012 to 2016.

 

Summary
Improved (+) 11
No Change (o) 3
Declined (-) 8
Improved (Declined) 3
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 30,520 30,142 29,669 +
  Employed 29,713 29,392 28,813 +
  Unemployment Rate (%) 2.6 2.5 2.9 +
  Labor Force Participation (%) 54.4 53.8 53.8 o
8
Construction & Housing
  New Permits (to Date)
     Durango 53 50 86
     Rest of County 154 139 133 +
  Value of Permits ($,000) (to Date)
     Durango 17,245 16,116 34,930
     Rest of County 83,899 76,487 47,902 +
  Home Sales 713 614 632 +
  Average Home Price ($) 452,777 435,908 425,446 +
Earnings Needed* ($) 69,600 66,000 66,900
8
Travel & Tourism
  Enplanements 17,440 18,073 16,988 +
  Lodgers Tax ($) 132,465 133,870 139,181
  Train Visitors 17,716 24,133 16,202 +
8
Gas & Oil
  New Permits (to date) 84 84 86
  Production (mmcf) 25,812 25,349 27,038
8
Other
Sales Tax, Durango ($,000)** 1,527 1,521 1,599
Commercial Sales ($,000) (to date) 28,955 27,169 26,427 +
Foreclosures (to date) 46 42 51 +
  Energy Use
     Large Industry (mwh) 32,143 32,143 35,481
     Other Commercial (mwh) 22,149 21,861 21,864 o
     Commercial Accounts 6,353 6,384 6,339 o

Notes:

*”Earnings needed” is the household income necessary to purchase an average-priced home in La Plata County.

**Sales tax for Durango includes Use Tax.

Sources: Employment: Colorado Department of Labor and US Census Construction & Housing: City of Durango, La Plata County, Mortgage-X.com, and the Wells Group  Travel & Tourism: City of Durango, Durango Area Tourism Organization (DATO), and Durango & Silverton Narrow Gauge Railroad   Gas & Oil: Colorado Oil & Gas Conservation Commission  Other: City of Durango (Sales tax and business permits), La Plata County Treasurers Office (Foreclosures),  and LPEA (Energy Use) (LPEA data is unaudited)




Economic Dashboard September 2016

How is the economy right now in Durango and La Plata County?

Find out the latest on our employment, home construction, tourism, and other key measures of our local economic performance. If you have any questions, please feel free to contact us and we can walk you through what the data means.

Local Economic Conditions

September 2016

Economic conditions in La Plata County, September 2012 to September 2016.

Economic conditions in La Plata County, September 2012 to September 2016.

 

Summary
Improved (+) 15
No Change (o) 4
Declined (-) 3
Improved (Declined) 12
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 30,142 31,209 29,408 +
  Employed 29,392 30,304 28,569 +
  Unemployment Rate (%) 2.5 2.9 2.9 +
  Labor Force Participation (%) 54.3 56.3 53.9 o
8
Construction & Housing
  New Permits (to Date)
     Durango 50 38 81
     Rest of County 139 116 121 +
  Value of Permits ($,000) (to Date)
     Durango 16,116 9,536 34,126
     Rest of County 76,487 63,650 42,910 +
  Home Sales 614 544 579 +
  Average Home Price ($) 435,908 439,102 416,400 +
Earnings Needed* ($) 66,000 66,100 66,400 o
8
Travel & Tourism
  Enplanements 18,073 18,384 17,656 +
  Lodgers Tax ($) 133,870 169,759 123,712 +
  Train Visitors 24,133 26,042 23,186 +
8
Gas & Oil
  New Permits (to date) 84 79 77 +
  Production (mmcf) 25,349 25,906 26,553
8
Other
Sales Tax, Durango ($,000)** 1,521 1,512 1,371 +
Commercial Sales ($,000) (to date) 27,169 27,079 20,077 +
Foreclosures (to date) 42 38 43 +
  Energy Use
     Large Industry (mwh) 32,143 32,319 31,608 o
     Other Commercial (mwh) 21,861 23,047 21,429 +
     Commercial Accounts 6,384 6,402 6,365 o

Notes:

*”Earnings needed” is the household income necessary to purchase an average-priced home in La Plata County.

**Sales tax for Durango includes Use Tax.

Sources: Employment: Colorado Department of Labor and US Census Construction & Housing: City of Durango, La Plata County, Mortgage-X.com, and the Wells Group  Travel & Tourism: City of Durango, Durango Area Tourism Organization (DATO), and Durango & Silverton Narrow Gauge Railroad   Gas & Oil: Colorado Oil & Gas Conservation Commission  Other: City of Durango (Sales tax and business permits), La Plata County Treasurers Office (Foreclosures),  and LPEA (Energy Use) (LPEA data is unaudited)




Economic Dashboard August 2016

How is the economy right now in Durango and La Plata County?

Find out the latest on our employment, home construction, tourism, and other key measures of our local economic performance. If you have any questions, please feel free to contact us and we can walk you through what the data means.

Local Economic Conditions

August 2016

dashboard_aug16

Summary
Improved (+) 12
No Change (o) 4
Declined (-) 6
Improved (Declined) 6
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 31,209 31,015 29,790 +
  Employed 30,304 30,042 28,805 +
  Unemployment Rate (%) 2.9 3.1 3.3 +
  Labor Force Participation (%) 56.3 56.0 54.7 +
8
Construction & Housing
  New Permits (to Date)
     Durango 38 35 68
     Rest of County 111 92 115
  Value of Permits ($,000) (to Date)
     Durango 9,536 9,130 32,092
     Rest of County 60,526 52,110 41,088 +
  Home Sales 544 464 519 +
  Average Home Price ($) 439,102 414,162 417,328 +
Earnings Needed* ($) 66,100 63,100 66,600 o
8
Travel & Tourism
  Enplanements 18,384 18,518 18,867
  Lodgers Tax ($) 169,759 131,520 163,167 +
  Train Visitors 26,042 35,451 25,171 +
8
Gas & Oil
  New Permits (to date) 79 79 60 +
  Production (mmcf) 25,906 25,722 27,606
8
Other
Sales Tax, Durango ($,000)** 1,512 1,644 1,536 o
Commercial Sales ($,000) (to date) 30,890 23,580 17,841 +
Foreclosures (to date) 38 31 36 +
  Energy Use
     Large Industry (mwh) 32,319 33,242 32,661 o
     Other Commercial (mwh) 23,047 24,375 23,930
     Commercial Accounts 6,402 6,397 6,360 o

Notes:

*”Earnings needed” is the household income necessary to purchase an average-priced home in La Plata County.

**Sales tax for Durango includes Use Tax.

Sources: Employment: Colorado Department of Labor and US Census Construction & Housing: City of Durango, La Plata County, Mortgage-X.com, and the Wells Group  Travel & Tourism: City of Durango, Durango Area Tourism Organization (DATO), and Durango & Silverton Narrow Gauge Railroad   Gas & Oil: Colorado Oil & Gas Conservation Commission  Other: City of Durango (Sales tax and business permits), La Plata County Treasurers Office (Foreclosures),  and LPEA (Energy Use) (LPEA data is unaudited)




Economic Dashboard July 2016

How is the economy right now in Durango and La Plata County?

Find out the latest on our employment, home construction, tourism, and other key measures of our local economic performance. If you have any questions, please feel free to contact us and we can walk you through what the data means.

Local Economic Conditions

July 2016

Economic conditions in La Plata County as of July 2016.

Economic conditions in La Plata County as of July 2016.

 

Summary
Improved (+) 12
No Change (o) 5
Declined (-) 5
Improved (Declined) 7
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 31,015 30,821 30,029 +
  Employed 30,042 29,702 28,958 +
  Unemployment Rate (%) 3.1 3.6 3.6 +
  Labor Force Participation (%) 56.0 55.8 55.2 o
8
Construction & Housing
  New Permits (to Date)
     Durango 35 32 61
     Rest of County 92 75 102
  Value of Permits ($,000) (to Date)
     Durango 9,130 7,469 25,727
     Rest of County 52,110 44,640 32,492 +
  Home Sales 464 324 431 +
  Average Home Price ($) 414,162 414,111 421,903 o
Earnings Needed* ($) 63,100 63,100 68,400 +
8
Travel & Tourism
  Enplanements 18,518 17,361 19,495
  Lodgers Tax ($) 131,520 79,897 120,518 +
  Train Visitors 35,451 25,836 35,167 o
8
Gas & Oil
  New Permits (to date) 79 63 56 +
  Production (mmcf) 25,302 24,642 26,917
8
Other
Sales Tax, Durango ($,000)** 1,644 1,255 1,536 +
Commercial Sales ($,000) (to date) 23,580 22,859 14,645 +
Foreclosures (to date) 31 27 32 +
  Energy Use
     Large Industry (mwh) 33,242 32,992 33,090 o
     Other Commercial (mwh) 24,375 21,250 23,420 +
     Commercial Accounts 6,397 6,404 6,351 o

Notes:

*”Earnings needed” is the household income necessary to purchase an average-priced home in La Plata County.

**Sales tax for Durango includes Use Tax.

Sources: Employment: Colorado Department of Labor and US Census Construction & Housing: City of Durango, La Plata County, Mortgage-X.com, and the Wells Group  Travel & Tourism: City of Durango, Durango Area Tourism Organization (DATO), and Durango & Silverton Narrow Gauge Railroad   Gas & Oil: Colorado Oil & Gas Conservation Commission  Other: City of Durango (Sales tax and business permits), La Plata County Treasurers Office (Foreclosures),  and LPEA (Energy Use) (LPEA data is unaudited)