Economic Data

May282019

Economic Dashboard April 2019

laplata-adminEconomic Data, Featured Newslines, News

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 2019

Economic conditions in La Plata County from Apr 2015 to Apr 2019.

Summary
Improved (+)	5
No Change (o)	7
Declined (-)	7
Improved (Declined)	(2)

	Current	Last Month	Last Year	Change (vs Last Year)
Workforce
Labor Force	32,189	31,494	32,039	o
Unemployment Rate (%)	2.6	3.1	2.3	–
Labor Force Participation (%)	56.6	55.4	57.1	o
Job Openings	1,183	715	924	+
8
Construction & Housing
New Permits (to Date)	22	16	71	–
Value of Permits ($,000) (to Date)	129,829	125,008	31,095	+
Home Sales	71	56	209	–
Average Home Price ($)	499,750	496,764	486,673	+
Earnings Needed* ($)	87,000	85,800	85,000	+
8
Travel & Tourism
Enplanements	13,480	15,766	13,734	o
Lodgers Tax ($)	55,452	43,493	61,323	–
Train Visitors	3,895	3,818	3,737	+
8
Gas & Oil
New Permits (to date)	0	0	52	–
Production (mmcf)	0	17,176	23,948	–
8
Other
Sales Tax, Durango ($,000)**	1,357	1,061	1,363	o
Commercial Sales ($,000) (to date)	3,414	1,389	12,153	–
Foreclosures (to date)	14	11	19	–
Energy Use
Commercial (mwh)	57,500	55,262	52,775	+
Commercial Accounts	6,508	6,481	6,461	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 CensusConstruction & 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)

April292019

Economic Dashboard March 2019

laplata-adminEconomic Data, Featured Newslines, News

How is the economy right now in Durango and La Plata County?

Local Economic Conditions

March 2018

Economic conditions in La Plata County from Mar 2015 to Mar 2019.

Summary
Improved (+)	4
No Change (o)	7
Declined (-)	8
Improved (Declined)	(4)

	Current	Last Month	Last Year	Change (vs Last Year)
Workforce
Labor Force	31,494	31,330	31,381	o
Unemployment Rate (%)	3.1	3.7	2.9	–
Labor Force Participation (%)	554	55.2	56.0	o
Job Openings	715	892	881	–
8
Construction & Housing
New Permits (to Date)	0	10	52	–
Value of Permits ($,000) (to Date)	125,008	118,992	18,655	+
Home Sales	71	56	148	–
Average Home Price ($)	499,750	496,764	476,352	+
Earnings Needed* ($)	87,000	85,800	82,900	+
8
Travel & Tourism
Enplanements	15,766	12,944	15,201	o
Lodgers Tax ($)	43,493	41,538	42,056	+
Train Visitors	3,818	1,307	4,676	–
8
Gas & Oil
New Permits (to date)	0	0	47	–
Production (mmcf)	204	15,284	25,532	–
8
Other
Sales Tax, Durango ($,000)**	1,061	1,207	1,046	o
Commercial Sales ($,000) (to date)	1,389	0	11,673	–
Foreclosures (to date)	11	9	16	–
Energy Use
Commercial (mwh)	55,262	52,619	56,074	o
Commercial Accounts	6,481	6,484	6,415	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.

January312019

Economic Dashboard December 2018

laplata-adminEconomic Data, Featured Newslines, News

How is the economy right now in Durango and La Plata County?

Local Economic Conditions

December 2018

La Plata County Year-Over-Year Economic Indicator — Economic conditions in La Plata County from Dec 2014 to Dec 2018.

Summary
Improved (+)	7
No Change (o)	3
Declined (-)	9
Improved (Declined)	(6)

	Current	Last Month	Last Year	Change (vs Last Year)
Workforce
Labor Force	32,381	33,785	31148	+
Unemployment Rate (%)	3.7	2.7	2.6	–
Labor Force Participation (%)	57.2	58.0	55.7	+
Job Openings	832	925	941	–
8
Construction & Housing
New Permits (to Date)	268	255	308	–
Value of Permits ($,000) (to Date)	156,977	139,692	200,111	–
Home Sales	832	755	863	–
Average Home Price ($)	495,946	494,455	449,244	+
Earnings Needed* ($)	88,400	90,500	73,700	+
8
Travel & Tourism
Enplanements	15338	15150	14448	+
Lodgers Tax ($)	45,570	91,384	42,342	+
Train Visitors	27,594	8,615	30,115	–
8
Gas & Oil
New Permits (to date)	99	98	108	–
Production (mmcf)	22,887	21,115	24,884	–
8
Other
Sales Tax, Durango ($,000)**	1,263	1,492	1,171	o
Commercial Sales ($,000) (to date)	34,888	32,398	35,142	–
Foreclosures (to date)	60	52	54	+
Energy Use
Commercial (mwh)	58,505	55,673	57,696	o
Commercial Accounts	6,474	6,474	6,392	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.

December52018

Economic Dashboard October 2018

Roger ZalneraitisEconomic Data, Featured Newslines, News

How is the economy right now in Durango and La Plata County?

Local Economic Conditions

October 2018

Summary
Improved (+)	4
No Change (o)	7
Declined (-)	8
Improved (Declined)	(4)

	Current	Last Month	Last Year	Change (vs Last Year)
Workforce
Labor Force	32,785	33,395	32,714	o
Unemployment Rate (%)	2.7	2.6	2.2	–
Labor Force Participation (%)	58.0	59.2	58.7	o
Job Openings	925	1,007	1,752	–
8
Construction & Housing
New Permits (to Date)	227	206	249	–
Value of Permits ($,000) (to Date)	119,175	103,676	148,2740	–
Home Sales	688	630	721	–
Average Home Price ($)	489,559	485,870	439,964	+
Earnings Needed* ($)	89,200	86,500	71,800	–
8
Travel & Tourism
Enplanements	17,440	17,029	17,451	o
Lodgers Tax ($)	142,586	125,226	149,761	–
Train Visitors	15,363	17,906	13,696	+
8
Gas & Oil
New Permits (to date)	98	86	103	–
Production (mmcf)	25,471	23,962	24,995	o
8
Other
Sales Tax, Durango ($,000)**	1,651	1,477	1,631	o
Commercial Sales ($,000) (to date)	30,315	28,730	27,558	+
Foreclosures (to date)	47	45	49	+
Energy Use
Commercial (mwh)	55,348	54,614	54,765	o
Commercial Accounts	6,464	6,452	6,408	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.

December32018

Economic Dashboard September 2018

Roger ZalneraitisEconomic Data, Featured Newslines, News

How is the economy right now in Durango and La Plata County?

Local Economic Conditions

September 2018

Summary
Improved (+)	7
No Change (o)	4
Declined (-)	8
Improved (Declined)	(1)

	Current	Last Month	Last Year	Change (vs Last Year)
Workforce
Labor Force	33,395	32,872	32,196	+
Unemployment Rate (%)	2.6	3.1	1.9	–
Labor Force Participation (%)	59.2	58.3	57.8	+
Job Openings	1,007	1,175	1,698	–
8
Construction & Housing
New Permits (to Date)	204	182	207	o
Value of Permits ($,000) (to Date)	102,730	94,238	104,409	o
Home Sales	630	561	644	–
Average Home Price ($)	485,870	480,586	438,935	+
Earnings Needed* ($)	86,500	84,800	70,800	–
8
Travel & Tourism
Enplanements	17,029	18,648	17,373	+
Lodgers Tax ($)	125,226	142,785	142,099	–
Train Visitors	17,906	14,001	24,164	–
8
Gas & Oil
New Permits (to date)	86	79	93	–
Production (mmcf)	24,500	24,901	23,984	+
8
Other
Sales Tax, Durango ($,000)**	1,477	1,487	1,510	–
Commercial Sales ($,000) (to date)	28,730	22,487	26,208	+
Foreclosures (to date)	45	40	46	+
Energy Use
Commercial (mwh)	54,614	58,867	53,138	+
Commercial Accounts	6,452	6,468	6,424	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.

October42018

Economic Dashboard August 2018

Roger ZalneraitisEconomic Data, Featured Newslines, News

How is the economy right now in Durango and La Plata County?

Local Economic Conditions

August 2018

Summary
Improved (+)	9
No Change (o)	3
Declined (-)	7
Improved (Declined)	2

	Current	Last Month	Last Year	Change (vs Last Year)
Workforce
Labor Force	32,872	32,915	31,739	+
Unemployment Rate (%)	3.1	3.0	1.9	–
Labor Force Participation (%)	58.3	58.5	57.0	+
Job Openings	1,175	1,013	1,860	–
8
Construction & Housing
New Permits (to Date)	184	165	178	+
Value of Permits ($,000) (to Date)	95,184	86,181	87,927	+
Home Sales	561	470	565	o
Average Home Price ($)	480,586	469,427	433,419	+
Earnings Needed* ($)	84,800	82,600	70,500	–
8
Travel & Tourism
Enplanements	18,648	18,959	18,003	+
Lodgers Tax ($)	142,785	125,498	164,387	–
Train Visitors	14,001	16,088	25,383	–
8
Gas & Oil
New Permits (to date)	79	76	81	–
Production (mmcf)	24,179	21,032	24,223	o
8
Other
Sales Tax, Durango ($,000)**	1,487	1,551	1,548	–
Commercial Sales ($,000) (to date)	22,487	16,063	18,376	+
Foreclosures (to date)	32	32	36	+
Energy Use
Commercial (mwh)	58,867	58,859	55,282	+
Commercial Accounts	6,468	6,469	6,424	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.

August292018

Economic Dashboard July 2018

Roger ZalneraitisEconomic Data, Featured Newslines, News

How is the economy right now in Durango and La Plata County?

Local Economic Conditions

July 2018

Summary
Improved (+)	9
No Change (o)	3
Declined (-)	7
Improved (Declined)	2

	Current	Last Month	Last Year	Change (vs Last Year)
Workforce
Labor Force	32,915	32,625	31,594	+
Unemployment Rate (%)	3.0	2.7	2.1	–
Labor Force Participation (%)	58.5	58.0	56.8	+
Job Openings	1,013	1,008	2,218	–
8
Construction & Housing
New Permits (to Date)	165	126	149	+
Value of Permits ($,000) (to Date)	86,181	66,560	73,818	+
Home Sales	470	384	476	o
Average Home Price ($)	469,427	476,687	433,349	+
Earnings Needed* ($)	82,600	84,300	71,300	–
8
Travel & Tourism
Enplanements	18,959	17,724	18,499	+
Lodgers Tax ($)	125,498	99,671	144,637	–
Train Visitors	16,088	1,465	36,542	–
8
Gas & Oil
New Permits (to date)	76	76	62	+
Production (mmcf)	24,823	23,728	24,633	o
8
Other
Sales Tax, Durango ($,000)**	1,551	1,432	1,620	–
Commercial Sales ($,000) (to date)	16,063	14,742	17,631	–
Foreclosures (to date)	32	32	36	+
Energy Use
Commercial (mwh)	58,859	54,896	55,789	+
Commercial Accounts	6,469	6,471	6,423	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.

August82018

Economic Dashboard June 2018

Roger ZalneraitisEconomic Data, Featured Newslines, News

How is the economy right now in Durango and La Plata County?

Local Economic Conditions

June 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	32,625	32,245	32,619	o
Unemployment Rate (%)	2.7	2.1	2.1	–
Labor Force Participation (%)	58.0	57.4	58.7	o
Job Openings	1,008	881	1,729	–
8
Construction & Housing
New Permits (to Date)	126	98	115	+
Value of Permits ($,000) (to Date)	66,560	44,128	57,495	+
Home Sales	384	299	399	–
Average Home Price ($)	476,687	474,748	428,348	+
Earnings Needed* ($)	84,300	84,100	69,900	–
8
Travel & Tourism
Enplanements	17,724	15,449	16,896	+
Lodgers Tax ($)	99,671	59,335	91,575	+
Train Visitors	1,200	13,463	27,467	–
8
Gas & Oil
New Permits (to date)	76	66	56	+
Production (mmcf)	24,370	25,126	23,794	+
8
Other
Sales Tax, Durango ($,000)**	1,432	1,259	1,350	+
Commercial Sales ($,000) (to date)	17,298	13,698	17,298	o
Foreclosures (to date)	32	27	34	+
Energy Use
Commercial (mwh)	54,896	55,288	53,385	+
Commercial Accounts	6,471	6,470	6,426	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.

July92018

Economic Dashboard May 2018

Roger ZalneraitisEconomic Data, Featured Newslines, News

How is the economy right now in Durango and La Plata County?

Local Economic Conditions

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.

June252018

Economic Dashboard April 2018

Roger ZalneraitisEconomic Data, Featured Newslines, News

How is the economy right now in Durango and La Plata County?

Local Economic Conditions

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.