Colorado's
Competitiveness

Business
Climate

Workforce &
Talent

Cost of Living

Quality of Life

Manufacturing
& Tech

Colorado
Scorecard

Colorado Population

5,839,926


(Increasing)

Key Business Rankings

Best State for Business

11th


(Declining)
Cost of Doing Business

38th


(Declining)
Cost of Living​

35th


(Declining)

Key Quality of Life Rankings

Housing Affordability State​

46th


(Declining)
Public Safety​

44th


(Declining)
Healthiest States​

5th


(Improving)

By the Numbers

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

$53,040


(Increasing)
GDP​

$484

Billion

(Increasing)

Civic Engagement

Presidential Election Voter Turnout​

78.2%


(Increasing)
Midterm Election Voter Turnout​

58.4%


(Declining)

CO Population

2022: 5,839,926
2020: 5,773,733

Source: U.S. Census

Best State for Business Ranking

2023 ranking: 11th
2022 ranking: 4th

Source: CNBC Top States for Business

Cost of Doing Business Ranking

2023: 38th
2022: 36th

Source: CNBC Top States for Business

Cost of Living Ranking

2023: 35th
2022: 34th

Source: CNBC Top States for Business

Housing Affordability State Ranking

2023: 46th
2021: 41st

Source: U.S. News

Public Safety Ranking

2023: 44th
2021: 39th

Source: U.S. News

Healthiest States Ranking

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

2023: $53,040
2022: $52,000

Source: Aspen Technology Labs

GDP

2022: $484 Billion
2021: $436 Billion

Source: U.S. Bureau of Economic Analysis

Presidential Election Voter Turnout

2020: 78.2%
2016: 74.4%

Source: 2020 2016

Midterm Election Voter Turnout

2022: 58.4%
2018: 64.9%

Source: 2022 2018