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Website - Economics

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Introduction

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Welcome to Arvada, Colorado! Our community of 120,492 residents features a workforce of 61,333 with a median annual income of $72,010.00. Top industries include Health Care and Social Assistance, Retail Trade, and Accommodation and Food Services.

During the past five years employment in Arvada, Colorado has grown by 4,253, at a growth rate of 0.81%. Unemployment is currently 3.72%.

We invite you to explore this data in further detail in the report below, and get in touch to see how Arvada, Colorado can help you reach your goals!

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Population

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120,492

2018 Population Estimate

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45,246

Households

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People
105,420
115,786
126,152
136,519
157,251

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People

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Households

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2.48

Average Household Size

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3.0

Average Family Size

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73%

Owner Occupied (vs. 27% Renter Occupied)

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Economy & Workforce

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Population with College Degree

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Population with High School Diploma

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61,333

Labor Force

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3,758

Businesses

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$72,010

Median Income

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Business growth (YoY)

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Firms Projection

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All Sectors by Employment
Ordered by Wage
Industry Employees Yearly Wage Firms Growth (YoY)
54 - Professional, Scientific, and Technical Services 4,290 $86,960.22 816 0.02%
71 - Arts, Entertainment, and Recreation 619 $22,127.66 60 0.07%
81 - Other Services (except Public Administration) 1,434 $37,125.01 321 0.02%
72 - Accommodation and Food Services 4,652 $20,471.28 228 0.02%
52 - Finance and Insurance 1,515 $73,351.35 229 0.02%
62 - Health Care and Social Assistance 5,316 $49,544.33 245 -0.09%
61 - Educational Services 605 $36,749.15 74 0.00%
55 - Management of Companies and Enterprises 491 $100,264.21 62 0.05%
56 - Administrative and Support and Waste Management and Remediation Services 2,561 $50,257.06 235 0.01%
53 - Real Estate and Rental and Leasing 671 $49,462.36 200 -0.02%
51 - Information 837 $81,048.45 67 0.00%
48-49 - Transportation and Warehousing 579 $68,359.24 51 0.06%
44-45 - Retail Trade 5,512 $31,180.25 329 -0.01%
42 - Wholesale Trade 1,318 $102,699.29 301 -0.01%
23 - Construction 3,131 $59,820.45 415 0.05%
31-33 - Manufacturing 3,583 $94,876.24 99 0.00%
11 - Agriculture, Forestry, Fishing and Hunting 87 $30,821.38 9 -0.06%
21 - Mining, Quarrying, and Oil and Gas Extraction 73 $117,856.58 16 0.07%

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Average Yearly Income
$57,831
$65,549
$73,267
$80,986
$96,422

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Employees

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Average Yearly Income

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Jobs Projection

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Workforce

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24.48%

College Educated

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3.72%

Unemployment Rate

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7.14%

Poverty Rate

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Average Wages

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Average Industry Wages Growth (Projection)

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Unemployed
3.18%
3.47%
3.77%
4.06%
4.64%

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Unemployed

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College Educated

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Sales Tax

Sales tax revenue

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Sales Tax Revenue
2013-2017

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$497

Per Capita Sales Tax

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$9

Sales Tax per Retail Square Foot

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Consumer Spending

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Consumer Spending

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Spending by Category

Data & Methodology

How the data in this report was calculated.

METHODOLOGY

This report includes totalling 0 data points from 30 measures, collected from 2 public sources (described below). We also estimated 0 data points based on our estimation and projection methodology.

Some of the summary data included in the report may not include suppressed data. Data suppression occurs in cases where private, identifying information would be disclosed. In most cases, this does not impact the total values presented in the report, but in cases where there are small industries or areas, data suppressions may reduce the accuracy of the data we can display.


SOURCES

  • American Community Survey

    Website: https://www.census.gov/programs-surveys/acs/data.html
    Data Year:

    The American Community Survey (ACS) publishes a rolling 5-year average profile of American communities.

    Measures

    Population, Race, Median Household Income, Unemployed Population, Employed Population, Population Below Poverty Level, Population with High School Diploma, Population with College Degree, Households, Median Home Value, Median Rent, Rent as Percentage of Income, Median Age, Poverty Rate, Percentage with High School Diploma, Percentage with College Degree, Unemployment Percentage

    Populations

    Total, White alone, Black or African American alone, American Indian and Alaska Native alone, Asian alone, Native Hawaiian and Other Pacific Islander alone, Some other race alone, Two or more races:

  • Quarterly Census of Employment and Wages

    Website: https://www.bls.gov/cew/
    Data Year:

    The Quarterly Census of Employment and Wages (QCEW) program publishes a quarterly count of employment and wages reported by employers covering more than 95 percent of U.S. jobs, available at the county, MSA, state and national levels by industry.

    Measures

    Total Annual Wages, Taxable Annual Wages, Firms, Employment Level, Annual Contributions, Employment Growth (YoY Change), Firms (YoY Change), Wage Growth (YoY Change), Yearly Pay Growth (YoY Change), Average Industry Pay, Employment vs US Average, Wages vs US Average, Yearly Pay vs US Average

    Populations

    11 - Agriculture, Forestry, Fishing and Hunting, 21 - Mining, Quarrying, and Oil and Gas Extraction, 31-33 - Manufacturing, 23 - Construction, 42 - Wholesale Trade, 44-45 - Retail Trade, 48-49 - Transportation and Warehousing, 51 - Information, 53 - Real Estate and Rental and Leasing, 55 - Management of Companies and Enterprises, 56 - Administrative and Support and Waste Management and Remediation Services, 61 - Educational Services, 62 - Health Care and Social Assistance, 52 - Finance and Insurance, 72 - Accommodation and Food Services, 81 - Other Services (except Public Administration), 92 - Public Administration, 71 - Arts, Entertainment, and Recreation, 54 - Professional, Scientific, and Technical Services