Colorado's
Competitiveness

Business
Climate

Workforce &
Talent

Cost of Living

Quality of Life

Manufacturing
& Tech

Colorado
Scorecard

Colorado Population

5,877,610


(Increasing)

Key Business Rankings

Best State for Business

16th


(Declining)
Cost of Doing Business

39th


(Declining)
Cost of Living​

46th


(Declining)

Key Quality of Life Rankings

Housing Affordability State​

47th


(Declining)
Well-Being Ranking

9th


(Declining)
Healthiest States​

2nd


(Improving)

By the Numbers

Colorado’s Economy​
40% Right Track / 60% Wrong Track
(Declining)
Median Full-time Salary for Open Positions​

$57,491


(Increasing)
GDP​

$529

Billion

(Increasing)

Civic Engagement

Presidential Election Voter Turnout​

78.31%


(Increasing)
Midterm Election Voter Turnout​

58.4%


(Declining)

CO Population

2023: 5,877,610
2022: 5,839,926
2020: 5,773,733

Source: U.S. Census

Best State for Business Ranking

2024 ranking: 16th
2023 ranking: 11th
2022 ranking: 4th

Source: CNBC Top States for Business

Cost of Doing Business Ranking

2024: 39th
2023: 38th
2022: 36th

Source: CNBC Top States for Business

Cost of Living Ranking

2024: 46th
2023: 35th
2022: 34th

Source: CNBC Top States for Business

Housing Affordability State Ranking

2024: 47th
2023: 46th
2021: 41st

Source: U.S. News

Well-being ranking

2022: 9th
2021: 7th

Source: The Gallup-Sharecare Well-Being Index

Healthiest States Ranking

2024: 2nd
2023: 5th
2022: 10th

Source: United Health Foundations

Colorado’s Economy is on the Right Track/Wrong Track

2023: 40% Right Track / 60% Wrong Track
2022: 46% Right Track / 53% Wrong Track

Source: Colorado Chamber Business Leader Survey

Median Full-time Salary for Open Positions

2024: $57,491
2023: $53,040
2022: $52,000

Source: Aspen Technology Labs

GDP

2023: $529 Billion
2022: $484 Billion
2021: $436 Billion

Source: U.S. Bureau of Economic Analysis

Presidential Election Voter Turnout

2024: 78.31%*
2020: 78.2%
2016: 74.4%

Source: 2020 2016

*as of November 11, 2024

Midterm Election Voter Turnout

2022: 58.4%
2018: 64.9%

Source: 2022 2018