Blue skies, mountain views, and legal cannabis are not the only reasons to move to Colorado. It is also an exceptional place to find a job. Denver is an ideal location for job seekers because its central location relative to the rest of the American West has made the surge in industry explode ever since the turn of the century. Between 2001 and 2017, the GDP of Denver nearly doubled. The local universities such as the University of Colorado and the University of Denver are producing skilled graduates, and the strong aerospace, defense, biotech, healthcare, finance, and hospitality sectors are creating positions both in number and diversity.
In the city of Denver, the annual average salary is $74,000. The employment-to-population ratio is the fifth highest in the US, indicative of the number of available job opportunities, and the unemployment rate beats the national average.
The Job Market
Economists predict that the job market in Colorado will remain strong well into the future. It will outpace many other states in the country. With the number of job opportunities in Denver, there is no reason one cannot find employment within their area of expertise. There are low unemployment rates, and the median household income is almost 20% higher than the national average. Unlike other cities, Denver has a fantastic work-life balance, and employers encourage businesses to accommodate employees who move to Denver for work and their lifestyle.
Top Industries
The Mile High City has an undeniable draw. There are numerous significant employers in Denver representing multiple industries. A few of the sectors you will find in Denver include:
- Tech Sector. The tech sector in Denver employs 21,090. There are 130 companies, and the average salary in tech is $129,730. Among the major tech employers in Denver are SendGrid, Ibotta, Arrow Electronics, Gusto, Amazon, and Facebook.
- Aerospace. Ball Aerospace & Technologies, Boeing, Harris Corporation, Lockheed Martin, Northrop Grumman Corporation, and Raytheon are major aerospace companies in Denver. The industry brings in $15.4 billion annually, and Colorado is home to many highly regarded aerospace educational programs.
- Financial Services. Denver is a hub for banking, investing, and insurance corporations. The sizeable financial center is home to companies such as Janus Henderson Investors, ALPS Inc., Empower Retirement, Charles Schwab, Transamerica, and Western Union.
- Denver is a healthy city with high rates of exercise and low rates of chronic illnesses. Two huge medical campuses anchor Denver’s vibrant health care services, which employ 222,700 people among 21,160 companies.
- Since Colorado decriminalized recreational marijuana in 2012, the trade now takes in over a billion dollars annually. Employers in the marijuana sector in Denver include Native Roots, The Green Solution, LivWell, and Baker Technologies.
The job market in Denver is hot. PrideStaff can find you the right job right now in Denver, Colorado.
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