Economic Dashboard February 2017

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

February 2017

Economic conditions in La Plata County from February 2013 to 2017.

 

Summary
Improved (+) 3
No Change (o) 6
Declined (-) 12
Improved (Declined) (9)
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 30,708 30,406 30,623 o
  Unemployment Rate (%) 3.4 3.1 3.2
  Labor Force Participation (%) 54.4 53.9 55.2 o
  Job Openings 1,422 1,478 1,734
Average Wage, Openings ($to Date) 35,527 35,0562 34,304 +
8
Construction & Housing
  New Permits (to Date) 14 6 31
  Value of Permits ($,000) (to Date) 4,984 2,216 14,953
  Home Sales 94 47 64 +
  Average Home Price ($) 501,010 567,623 397,585 +
  Earnings Needed* ($) 81,700 93,800 61,400
8
Travel & Tourism
  Enplanements 13,114 13,161 13,064 o
  Lodgers Tax ($) 31,496 70,727 37,103
  Train Visitors 1,817 1,604 2,059
8
Gas & Oil
  New Permits (to date) 2 0 21
  Production (mmcf) 23,800 25,613 24,529
8
Other
Sales Tax, Durango ($,000)** 1,057 1,794 1,062 o
Commercial Sales ($,000) (to date) 920 920 13,084
Foreclosures (to date) 11 9 6
  Energy Use
     Large Industry (mwh) 29,640 31,808 29,227 o
     Other Commercial (mwh) 19,300 24,656 20,758
     Commercial Accounts 6,359 6,351 6,342 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 January 2017

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

January 2017

Economic conditions in La Plata County from January 2013 to 2017.

 

Summary
Improved (+) 5
No Change (o) 5
Declined (-) 11
Improved (Declined) (6)
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 30,406 29,699 30,630 o
  Unemployment Rate (%) 3.2 2.5 3.0
  Labor Force Participation (%) 54.0 52.8 55.4
  Job Openings 1,478 1,393 1,552
Average Wage, Openings ($to Date) 35,056 36,022 34,092 +
8
Construction & Housing
  New Permits (to Date) 6 251 17
  Value of Permits ($,000) (to Date) 2,216 122,188 10,703
  Home Sales 47 846 35 +
  Average Home Price ($) 567,623 454,967 388,532 +
  Earnings Needed* ($) 93,800 75,100 61,100
8
Travel & Tourism
  Enplanements 13,161 15,196 13,437
  Lodgers Tax ($) 70,727 39,756 56,268 +
  Train Visitors 1,604 27,878 2,004
8
Gas & Oil
  New Permits (to date) 0 91 9
  Production (mmcf) 25,613 25,665 26,088 o
8
Other
Sales Tax, Durango ($,000)** 1,794 1,192 1,713 +
Commercial Sales ($,000) (to date) 920 34,241 2,410
Foreclosures (to date) 9 61 3
  Energy Use
     Large Industry (mwh) 31,808 31,669 31,854 o
     Other Commercial (mwh) 24,656 26,542 24,782 o
     Commercial Accounts 6,351 6,352 6,347 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 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)