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)




Economic Dashboard June 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

June 2016

Economic conditions in La Plata County as of June 2016.

Economic conditions in La Plata County as of June 2016.

 

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

Change

(vs Last Year)

Workforce
  Labor Force 30,821 30,201 30,411 o
  Employed 29,702 29,217 29,209 o
  Unemployment Rate (%) 3.6 3.3 4.0 +
  Labor Force Participation (%) 55.8 54.7 55.9 o
8
Construction & Housing
  New Permits (to Date)
     Durango 32 26 47
     Rest of County 75 58 80
  Value of Permits ($,000) (to Date)
     Durango 7,469 5,096 23,837
     Rest of County 44,640 32,092 23,143 +
  Home Sales 324 226 345
  Average Home Price ($) 414,111 405,235 427,580
Earnings Needed* ($) 63,100 62,100 70,200 +
8
Travel & Tourism
  Enplanements 17,361 14,481 17,830
  Lodgers Tax ($) 79,897 52,790 86,489
  Train Visitors 25,836 11,598 27,847
8
Gas & Oil
  New Permits (to date) 63 34 42 +
  Production (mmcf) 24,642 26,133 26,083
8
Other
Sales Tax, Durango ($,000)** 1,255 1,119 1,242 o
Commercial Sales ($,000) (to date) 22,859 18,305 13,995 +
Foreclosures (to date) 27 26 27 o
  Energy Use
     Large Industry (mwh) 32,992 33,270 30,351 +
     Other Commercial (mwh) 21,250 19,797 20,408 +
     Commercial Accounts 6,404 6,404 6,353 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 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

May 2016

Economic conditions in La Plata County as of May 2016.

Economic conditions in La Plata County as of May 2016.

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

Change

(vs Last Year)

Workforce
  Labor Force 30,201 29,915 29,988 o
  Employed 29,217 28,946 28,837 o
  Unemployment Rate (%) 3.3 3.2 3.8 +
  Labor Force Participation (%) 54.7 54.3 55.2 o
8
Construction & Housing
  New Permits (to Date)
     Durango 26 22 41
     Rest of County 58 43 61
  Value of Permits ($,000) (to Date)
     Durango 5,096 4,603 22,705
     Rest of County 32,092 24,279 16,548 +
  Home Sales 226 160 250
  Average Home Price ($) 405,235 418,695 411,374 o
Earnings Needed* ($) 62,100 64,200 66,300 +
8
Travel & Tourism
  Enplanements 14,481 12,105 14,912
  Lodgers Tax ($) 52,790 53,222 46,630 +
  Train Visitors 11,598 3,804 11,983
8
Gas & Oil
  New Permits (to date) 34 34 35
  Production (mmcf) 26,728 25,563 27,364
8
Other
Sales Tax, Durango ($,000)** 1,119 1,317 1,155
Commercial Sales ($,000) (to date) 18,305 16,810 9,390 +
Foreclosures (to date) 26 20 21
  Energy Use
     Large Industry (mwh) 33,270 31,090 31,719 +
     Other Commercial (mwh) 19,797 19,848 20,170 o
     Commercial Accounts 6,404 6,391 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)