Economic Dashboard May 2018

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 2018

Economic conditions in La Plata County from May 2014 to May 2018.

 

Summary
Improved (+) 11
No Change (o) 3
Declined (-) 5
Improved (Declined) 6
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 32,245 32,039 32,136 o
  Unemployment Rate (%) 2.1 2.3 1.9
  Labor Force Participation (%) 57.4 57.1 57.9 o
  Job Openings 881 924 2,055
8
Construction & Housing
  New Permits (to Date) 98 71 82 +
  Value of Permits ($,000) (to Date) 44,128 31,095 35,843 +
  Home Sales 299 209 310
  Average Home Price ($) 474,748 486,673 426,968 +
  Earnings Needed* ($) 84,100 85,000 70,600
8
Travel & Tourism
  Enplanements 15,449 13,734 14,651 +
  Lodgers Tax ($) 59,335 61,323 53,479 +
  Train Visitors 13,463 3,737 12,536 +
8
Gas & Oil
  New Permits (to date) 66 52 55 +
  Production (mmcf) 25,426 23,948 24,766 +
8
Other
Sales Tax, Durango ($,000)** 1,259 1,363 1,158 +
Commercial Sales ($,000) (to date) 13,698 12,153 16,723
Foreclosures (to date) 27 19 29 +
  Energy Use
     Commercial (mwh) 55,288 52,775 53,401 +
     Commercial Accounts 6,470 6,461 6,425 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 2018

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 2018

Economic conditions in La Plata County from April 2014 to April 2018.

 

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

Change

(vs Last Year)

Workforce
  Labor Force 32,039 31,381 31,589 o
  Unemployment Rate (%) 2.4 2.9 1.9
  Labor Force Participation (%) 57.1 56.0 56.9 o
  Job Openings 924 881 1,863
8
Construction & Housing
  New Permits (to Date) 71 52 55 +
  Value of Permits ($,000) (to Date) 31,095 18,655 24,066 +
  Home Sales 209 148 219
  Average Home Price ($) 486,673 476,352 432,425 +
  Earnings Needed* ($) 85,000 82,900 71,900
8
Travel & Tourism
  Enplanements 13,734 15,201 12,370 +
  Lodgers Tax ($) 61,323 42,056 55,983 +
  Train Visitors 3,737 4,676 4,049
8
Gas & Oil
  New Permits (to date) 52 47 47 +
  Production (mmcf) 21,757 25,532 21,862 o
8
Other
Sales Tax, Durango ($,000)** 1,363 1,046 1,287 +
Commercial Sales ($,000) (to date) 12,153 11,673 7,040 +
Foreclosures (to date) 19 16 22 +
  Energy Use
     Commercial (mwh) 52,775 56,074 50,812 +
     Commercial Accounts 6,461 6,415 6,420 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 2018

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 2018

Economic conditions in La Plata County from March 2014 to March 2018.

 

Summary
Improved (+) 10
No Change (o) 2
Declined (-) 7
Improved (Declined) 3
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 31,381 31,411 30,750 +
  Unemployment Rate (%) 3.0 3.3 2.2
  Labor Force Participation (%) 56.0 56.1 55.4 o
  Job Openings 881 975 1,807
8
Construction & Housing
  New Permits (to Date) 52 33 33 +
  Value of Permits ($,000) (to Date) 18,655 10,836 12,002 +
  Home Sales 148 91 158
  Average Home Price ($) 476,352 467,440 415,063 +
  Earnings Needed* ($) 82,900 80,300 69,600
8
Travel & Tourism
  Enplanements 15,201 12,588 15,901
  Lodgers Tax ($) 42,056 34,185 38,893 +
  Train Visitors 4,676 1,856 4,397 +
8
Gas & Oil
  New Permits (to date) 47 35 2 +
  Production (mmcf) 23,010 22,887 23,940
8
Other
Sales Tax, Durango ($,000)** 1,046 1,142 1,068
Commercial Sales ($,000) (to date) 11,673 10,284 3,950 +
Foreclosures (to date) 16 10 19 +
  Energy Use
     Commercial (mwh) 56,074 53,890 52,718 +
     Commercial Accounts 6,415 6,401 6,368 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 2018

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 2018
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Economic conditions in La Plata County from February 2014 to February 2018.

 

Summary
Improved (+) 11
No Change (o) 2
Declined (-) 6
Improved (Declined) 5
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 31,411 31,426 30,804 +
  Unemployment Rate (%) 3.4 3.1 3.1
  Labor Force Participation (%) 56.1 56.2 55.6 o
  Job Openings 975 939 1,422
8
Construction & Housing
  New Permits (to Date) 33 19 15 +
  Value of Permits ($,000) (to Date) 10,836 3,673 5,034 +
  Home Sales 91 46 94
  Average Home Price ($) 467,440 436,731 501,010
  Earnings Needed* ($) 80,300 72,400 84,500 +
8
Travel & Tourism
  Enplanements 12,588 13,563 13,114
  Lodgers Tax ($) 34,185 61,413 31,496 +
  Train Visitors 1,856 2,691 1,817 +
8
Gas & Oil
  New Permits (to date) 35 33 2 +
  Production (mmcf) 21,203 22,941 22,331
8
Other
Sales Tax, Durango ($,000)** 1,142 1,793 1,057 +
Commercial Sales ($,000) (to date) 10,284 4,743 920 +
Foreclosures (to date) 10 6 11 +
  Energy Use
     Commercial (mwh) 53,890 55,708 48,940 +
     Commercial Accounts 6,401 6,396 6,359 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)

It’s coming! The Economic Summit!

The Economic Development Alliance is pleased to announce the 12th Annual Economic Summit, to be held on October 24th at the Sky Ute Casino in beautiful Ignacio, Colorado.  For information on tickets or sponsorships, please contact the Alliance at info@yeslpc.com today!

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Economic Dashboard January 2018

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 2018
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Economic conditions in La Plata County from January 2014 to January 2018.

 

Summary
Improved (+) 9
No Change (o) 4
Declined (-) 6
Improved (Declined) 3
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 31,426 31,148 30,408 +
  Unemployment Rate (%) 3.2 2.6 2.5
  Labor Force Participation (%) 56.2 55.7 55.0 o
  Job Openings 939 941 1,478
8
Construction & Housing
  New Permits (to Date) 19 308 7 +
  Value of Permits ($,000) (to Date) 3,673 200,111 2,216 +
  Home Sales 46 873 47
  Average Home Price ($) 436,731 449,244 567,623
  Earnings Needed* ($) 72,400 73,700 95,500 +
8
Travel & Tourism
  Enplanements 13,563 14,448 13,161 +
  Lodgers Tax ($) 61,413 42,342 70,727
  Train Visitors 2,691 30,115 1,604 +
8
Gas & Oil
  New Permits (to date) 33 108 0 +
  Production (mmcf) 23,387 24,884 24,943
8
Other
Sales Tax, Durango ($,000)** 1,793 1,171 1,794 o
Commercial Sales ($,000) (to date) 4,743 35,142 920 +
Foreclosures (to date) 6 54 9 +
  Energy Use
     Commercial (mwh) 55,708 57,696 56,464 o
     Commercial Accounts 6,396 6,392 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)