Economic Dashboard June 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

June 2017

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

 

Summary
Improved (+) 11
No Change (o) 3
Declined (-) 7
Improved (Declined) 4
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 32,619 32,122 30,821 +
  Unemployment Rate (%) 2.2 2.1 3.6 +
  Labor Force Participation (%) 57.5 56.7 55.2 +
  Job Openings 1,729 2,039 2,271
Average Wage, Openings ($to Date) 35,604 35,682 32,374 +
8
Construction & Housing
  New Permits (to Date) 116 75 110 +
  Value of Permits ($,000) (to Date) 62,366 37,528 54,064 +
  Home Sales 399 310 324 +
  Average Home Price ($) 428,348 426,928 414,111 +
  Earnings Needed* ($) 67,800 68,400 63,100
8
Travel & Tourism
  Enplanements 16,896 14,651 17,045 o
  Lodgers Tax ($) 91,575 53,479 79,897 +
  Train Visitors 27,467 12,536 25,836 +
8
Gas & Oil
  New Permits (to date) 56 55 63
  Production (mmcf) 23,794 24,766 24,681
8
Other
Sales Tax, Durango ($,000)** 1,350 1,158 1,255 +
Commercial Sales ($,000) (to date) 17,298 16,723 22,859
Foreclosures (to date) 34 29 27
  Energy Use
     Large Industry (mwh) 31,708 33,069 32,992
     Other Commercial (mwh) 21,554 20,332 21,250 o
     Commercial Accounts 6,426 6,425 6,404 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 May 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

May 2017

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

 

Summary
Improved (+) 10
No Change (o) 5
Declined (-) 6
Improved (Declined) 4
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 32,122 31,029 30,201 +
  Unemployment Rate (%) 2.1 1.9 3.3 +
  Labor Force Participation (%) 56.7 54.8 54.2 +
  Job Openings 2,039 1,863 2,590
Average Wage, Openings ($to Date) 35,682 36,473 32,843 +
8
Construction & Housing
  New Permits (to Date) 75 51 84
  Value of Permits ($,000) (to Date) 37,528 25,818 37,188 o
  Home Sales 310 219 226 +
  Average Home Price ($) 426,928 432,435 405,235 +
  Earnings Needed* ($) 68,400 70,100 62,100
8
Travel & Tourism
  Enplanements 14,651 12,370 14,481 o
  Lodgers Tax ($) 53,479 55,983 52,790 o
  Train Visitors 12,536 4,049 11,598 +
8
Gas & Oil
  New Permits (to date) 55 47 34 +
  Production (mmcf) 24,072 21,544 26,133
8
Other
Sales Tax, Durango ($,000)** 1,158 1,287 1,119 +
Commercial Sales ($,000) (to date) 16,723 7,040 18,305
Foreclosures (to date) 29 22 26
  Energy Use
     Large Industry (mwh) 33,069 30,816 33,270 o
     Other Commercial (mwh) 20,332 19,996 19,797 +
     Commercial Accounts 6,425 6,420 6,404 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 April 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

April 2017

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

 

Summary
Improved (+) 9
No Change (o) 4
Declined (-) 8
Improved (Declined) 1
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 31,029 30,721 29,915 +
  Unemployment Rate (%) 2.0 2.2 3.2 +
  Labor Force Participation (%) 54.8 54.3 53.8 o
  Job Openings 1,863 1,807 2,519
Average Wage, Openings ($to Date) 36,473 36,315 33,655 +
8
Construction & Housing
  New Permits (to Date) 51 32 65
  Value of Permits ($,000) (to Date) 25,818 13,585 28,882
  Home Sales 219 158 160 +
  Average Home Price ($) 432,425 415,063 418,695 +
  Earnings Needed* ($) 70,100 68,600 64,200
8
Travel & Tourism
  Enplanements 12,370 15,901 12,105 +
  Lodgers Tax ($) 55,983 38,893 53,222 +
  Train Visitors 4,049 4,397 3,804 +
8
Gas & Oil
  New Permits (to date) 47 2 34 +
  Production (mmcf) 24,614 23,934 25,563
8
Other
Sales Tax, Durango ($,000)** 1,287 1,068 1,317
Commercial Sales ($,000) (to date) 7,040 3,950 16,810
Foreclosures (to date) 22 19 20
  Energy Use
     Large Industry (mwh) 30,816 31,926 31,090 o
     Other Commercial (mwh) 19,996 20,792 19,848 o
     Commercial Accounts 6,420 6,368 6,391 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 March 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

March 2017

Economic conditions in La Plata County from March 2013 to 2017

 

Summary
Improved (+) 8
No Change (o) 3
Declined (-) 10
Improved (Declined) (2)
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 30,721 30,708 30,340 o
  Unemployment Rate (%) 2.3 3.2 3.3 +
  Labor Force Participation (%) 54.3 54.4 54.6 o
  Job Openings 1,807 1,422 2,088
Average Wage, Openings ($to Date) 36,315 35,527 34,384 +
8
Construction & Housing
  New Permits (to Date) 22 14 47
  Value of Permits ($,000) (to Date) 9,770 4,984 22,041
  Home Sales 158 94 109 +
  Average Home Price ($) 415,063 501,010 402,237 +
  Earnings Needed* ($) 68,600 81,700 63,200
8
Travel & Tourism
  Enplanements 15,901 13,144 14,632 +
  Lodgers Tax ($) 38,893 31,496 35,299 +
  Train Visitors 4,397 1,817 4,627
8
Gas & Oil
  New Permits (to date) 2 2 30
  Production (mmcf) 25,142 23,303 26,430
8
Other
Sales Tax, Durango ($,000)** 1,068 1,057 1,034 +
Commercial Sales ($,000) (to date) 3,950 920 14,863
Foreclosures (to date) 19 11 15
  Energy Use
     Large Industry (mwh) 31,926 29,640 33,082
     Other Commercial (mwh) 20,792 19,300 19,961 +
     Commercial Accounts 6,368 6,359 6,346 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 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)