Denver Stats

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Category: Output & Income (page 1 of 3)

Denver is America’s 23rd Richest City

Incomes in the United States have been rising in recent years. The median household income rose to $59,039 last year, up 3.2% from 2015 and one of the highest incomes ever recorded. Poverty levels also declined, yet income inequality did not improve. So while there remain many poor communities, there are also plenty of extremely […]

Denver Among the Cities With the Lowest Poverty Rates

The U.S. Department of Health and Human Services set the poverty line for 2017 at an annual income of $12,060 for individuals and $24,600 for families of four. Despite numerous policies aimed at reducing or eliminating poverty — including President Lyndon Johnson’s war on poverty over half a century ago — an estimated 45.2 million […]

Colorado is the 12th Richest State in America

The U.S. Census Bureau released on Wednesday new data from its 2016 annual population survey — with largely positive findings. Most notable among the survey’s findings is the significant increase in U.S. median household income between 2014 and 2016 — more than in any two-year period on record. Not only did incomes go up nationwide, […]

Denver Among the Most Expensive Cities to Move

From Europeans heading west in the 19th century to immigrants searching for a fresh start, leaving home in pursuit of opportunity has long been a central part of the American dream. Today, cities and local areas across the United States are actually competing for new residents. Just 11.2% of Americans moved in the past year […]

Oil and Gas Extraction is the Largest Industry in Colorado

One of the strengths of the United States is its diverse economy, which comprises many industries that contribute to overall economic development and greater stability. Total U.S. economic output topped $16 trillion in 2015, and each state’s contribution to overall GDP was unique, both in terms of size and industrial composition. For example, California, New […]

Why Colorado Has the Best Economy in the Nation

Is your state a drag on the American economy or a boon? The 50 states — as diverse as they are — each contribute something to the U.S. economy. Because of their diversity, state economies rarely trend in unison. GDP growth is often the default measure for economic strength, but it often fails to tell […]

Gender Pay Gap Not as Large in Denver

The gender pay gap has narrowed substantially since the Equal Pay Act was signed in 1963. Still, the typical woman working full time in the United States earns $40,022 a year — or only about 80% of the median annual income for men working full time of $50,119. A study conducted by the Pew Research […]

Colorado More Dependent on Trade With Canada Than Most States

The United States Department of Commerce imposed on Monday a 20% import tax on softwood lumber from Canada. The measure is the latest indication of mounting economic tensions between the U.S. and its northern ally. In a press release, U.S. Secretary of Commerce Wilbur Ross said, “It has been a bad week for U.S.-Canada trade […]

18% of Colorado’s Electricity Produced From Renewables

Climate change is widely viewed as one of the long-term events most threatening to the Earth and human life. Research shows that since the Industrial Revolution in the 1700s, changes in the Earth’s climate are due in part to human activity — specifically, the burning of fossil fuels and the emission of greenhouse gas. Fossil […]

Colorado is America’s 4th Best State for Business

For 83 straight months, nearly seven years, the U.S. private sector has added jobs. Unemployment has steadily declined and remains close to a 10-year low. And with investors confident about the economy, the Dow Jones Industrial Average broke through the 20,000 mark early this year. By these and other key measures, business in the United […]

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