Economic Dashboard August 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

August 2017

Economic conditions in La Plata County from August 2013 to July 2017.

 

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

Change

(vs Last Year)

Workforce
  Labor Force 31,596 32,986 31,209 o
  Unemployment Rate (%) 1.9 2.0 2.9 +
  Labor Force Participation (%) 55.5 58.0 55.8 o
  Job Openings 1,860 2,166 2,214
Average Wage, Openings ($to Date) 34,580 35,048 32,113 +
8
Construction & Housing
  New Permits (to Date) 154 142 154 o
  Value of Permits ($,000) (to Date) 81,492 75,219 73,186 +
  Home Sales 565 476 544 +
  Average Home Price ($) 433,419 433,349 439,102 o
  Earnings Needed* ($) 70,500 71,300 67,700
8
Travel & Tourism
  Enplanements 18,003 18,499 18,384
  Lodgers Tax ($) 164,387 144,637 169,759
  Train Visitors 25,383 36,542 26,042
8
Gas & Oil
  New Permits (to date) 81 62 79 +
  Production (mmcf) 24,223 24,633 25,988
8
Other
Sales Tax, Durango ($,000)** 1,548 1,620 1,512 +
Commercial Sales ($,000) (to date) 18,376 17,631 27,079
Foreclosures (to date) 42 36 38
  Energy Use
     Large Industry (mwh) 32,638 31,709 32,319 o
     Other Commercial (mwh) 21,537 22,208 23,047
     Commercial Accounts 6,424 6,423 6,402 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 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

July 2017

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

 

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

Change

(vs Last Year)

Workforce
  Labor Force 32,986 32,619 31,015 +
  Unemployment Rate (%) 2.1 2.2 3.1 +
  Labor Force Participation (%) 58.0 57.5 55.5 +
  Job Openings 2,166 1,729 2,212
Average Wage, Openings ($to Date) 35,048 35,604 32,113 +
8
Construction & Housing
  New Permits (to Date) 142 116 130 +
  Value of Permits ($,000) (to Date) 75,219 62,366 63,195 +
  Home Sales 476 399 464 +
  Average Home Price ($) 433,349 428,348 414,162 +
  Earnings Needed* ($) 69,400 67,800 63,100
8
Travel & Tourism
  Enplanements 18,499 16,896 18,518 o
  Lodgers Tax ($) 144,637 91,575 131,520 +
  Train Visitors 36,542 27,467 35,451 +
8
Gas & Oil
  New Permits (to date) 62 56 79
  Production (mmcf) 23,747 23,794 25,722
8
Other
Sales Tax, Durango ($,000)** 1,620 1,350 1,644 o
Commercial Sales ($,000) (to date) 17,631 17,298 23,580
Foreclosures (to date) 36 34 31
  Energy Use
     Large Industry (mwh) 31,709 31,708 33,242
     Other Commercial (mwh) 22,208 21,554 24,375
     Commercial Accounts 6,423 6,426 6,397 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 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)