Economic Dashboard

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

December 2013LPC_Economic_Indicator_NovLPC_Economic_Indicator_Nov
Economic Conditions in La Plata County through December 2013

Economic Conditions in La Plata County through December 2013

Summary
Improved (+) 11
No Change (o) 5
Declined (-) 4
Improved (Declined) +7
8
Current Last Month Last Year

Change

(vs Last Year)

Workforce
  Labor Force 30,024 30,124 29,832 o
  Employed 28,583 28,639 28,072 o
  Unemployment Rate (%) 4.8 4.9 5.9 +
  Labor Force Participation (%) 55.4 55.7 56.3 o
8
Construction & Housing
  New Permits (to Date)
     Durango 78 76 47 +
     Rest of County 143 137 126 +
  Value of Permits ($,000) (to Date)
     Durango 30,392 30,037 22,933 +
     Rest of County 39,870 38,472 37,664 +
  Home Sales 693 642 534 +
  Average Home Price ($) 377,502 377,345 360,757 +
Earnings Needed* ($) 65,800 64,600 55,000 -
8
Travel & Tourism
  Enplanements 13,841 12,883 15,596 -
  Lodgers Tax ($) 30,666 69,908 29,565 +
  Train Visitors 3,152 557 2,854 +
8
Gas & Oil
  New Permits (Year-to-date) 32 32 71 -
  Production (mmcf) 26,484 28,952 31,884 -
8
Other
  Sales Tax, Durango ($,000)** 1,045 1,162 1,045 +
  Energy Use
     Large Industry (mwh) 35,233 32,411 35,255 o
     Other Commercial (mwh) 26,831 23,328 24,362 +
     Commercial Accounts 6,202 6,209 6,154 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), and LPEA (Energy Use)