Larimer County, Colorado 2016 Economic Profile Table of Contents
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Larimer County, Colorado 2016 Economic Profile Table of Contents This workbook contains multiple worksheets of data for Larimer County. Please select the tabs at the bottom of this workbook to access contents. If tabs are not visible, maximize your Microsoft Excel viewing window. Workbook Contents Worksheet 1: Population & Cities Worksheet 2: Employment & Labor Force Worksheet 3: Education Worksheet 4: Cost of Living, Income, & Housing Worksheet 5: Tax Rates Worksheet 6: Transportation Worksheet 7: Commercial Real Estate Worksheet 8: Cultural Institutions Worksheet 9: Economic Development Partners To print all workbook pages at the same time, select "Print" from the File menu. In the print menu box and "Print What" section, select "Entire Workbook." Larimer County, Colorado 2016 Economic Profile Population & Cities Population and Households, 2015 Gender and Age Distribution, 2015 Population Households Male 49.6% Larimer County 332,832 142,779 Female 50.4% Berthoud (MCP) 5,619 2,240 Estes Park 6,209 4,235 Median age 36.7 Fort Collins 160,935 65,760 0 to 14 years 17.5% Johnstown (MCP) 790 389 15 to 29 years 23.9% Loveland 74,461 30,946 30 to 44 years 19.2% Timnath 2,418 914 45 to 59 years 19.0% Wellington 7,662 2,699 60 to 74 years 14.8% Windsor (MCP) 6,496 2,294 75 to 89 years 4.9% Unincorporated Area 68,242 33,302 90+ years 0.7% Note: MCP indicates multi-county place. Figures reported are the portion of total Note: Percentages may not add due to rounding. population and households located in the given county. Source: Colorado Division of Local Government, State Source: Colorado Division of Local Government, State Demography Office. Demography Office. Race and Ethnicity Distribution, 2015 Larimer County Square Miles Hispanic or Latino (of any race) 11.2% 2,632 Source: Colorado Department of Local Affairs. Not Hispanic or Latino 88.8% White alone 83.2% Black or African American alone 0.9% American Indian and Alaska Native alone 0.5% Asian alone 2.2% Native Hawaiian and Other Pacific Islander alone 0.1% Other race 2.0% Note: Percentages may not add due to rounding. Source: U.S. Census Bureau, Population Estimates Program. Larimer County, Colorado 2016 Economic Profile Employment & Labor Force Employment by Industry, 2015 Labor Force Data, 2015 Average Labor Force 180,306 Establishments Employment Annual Wage Employed 174,364 Total All Industries 11,190 147,447 $47,204 Unemployment Rate 3.3% Agriculture, Forestry, Fishing, Hunting 79 719 $32,093 Source: Colorado Department of Labor and Mining 69 543 $59,831 Employment, Labor Market Information. Utilities 13 233 $78,691 Construction 1,213 9,534 $51,705 Manufacturing 489 12,922 $82,076 Wholesale Trade 680 4,235 $65,585 Retail Trade 1,144 18,035 $27,480 Transportation & Warehousing 197 2,541 $40,952 Information 177 2,751 $52,972 Finance & Insurance 570 3,543 $68,636 Real Estate, Rental, & Leasing 591 2,654 $42,044 Professional & Technical Services 2,050 10,264 $78,382 Management of Companies & Enterprises 112 833 $172,016 Administrative & Waste Services 638 8,559 $33,780 Educational Services 179 1,427 $26,486 Health Care & Social Assistance 949 14,003 $44,965 Arts, Entertainment, & Recreation 198 2,382 $17,772 Accommodation & Food Services 839 17,611 $17,674 Other Services 862 4,076 $33,430 Government 129 30,561 $51,026 Non-Classifiable 13 21 $51,053 Note: Employment for individual industries may not add to the total due to rounding. Source: Colorado Department of Labor and Employment, Labor Market Information, Quarterly Census of Employment and Wages (QCEW). Ten Largest Employers in Larimer County Local Company Industry Employees UCHealth: Poudre Valley Hospital Healthcare 6,080 Hewlett Packard Technology Product Design 1,490 Broadcom Ltd. Semiconductor Components 1,450 Banner Health: McKee Medical Center Healthcare 1,340 Woodward Speed Controls 1,230 Hach Company Analytical Instruments 800 Qualfon Customer Care Center 680 Tolmar, Inc. Pharmaceuticals 610 Anheuser-Busch Brewery 560 New Belgium Brewing Company Brewery 450 Source: Development Research Partners, May 2016. Larimer County, Colorado 2016 Economic Profile Education K-12 Education Statistics Shares of Population Age 25 Years and Over by Educational (Most Recent Available School Year) Attainment (2015) School Year Larimer County Percent of Total Enrollment 2015-2016 46,713 Percent with high school diploma or higher 95.8 Number of Schools 2015-2016 92 Percent with bachelor's degree or higher 46.2 Pupil/Teacher Ratio 2015-2016 17.7 Colorado Dropout Rate (grades 7-12)1 2014-2015 1.6% Percent with high school diploma or higher 91.2 Completer Rate2 2014-2015 78.5% Percent with bachelor's degree or higher 39.2 3 Graduation Rate 2014-2015 80.6% U.S. Average Percent with high school diploma or higher 87.1 1 Includes alternative schools. Due to a change in Colorado law, dropout figures from 2005 and beyond could include students who have left to attend Percent with bachelor's degree or higher 30.6 school at home, outside of the state or country, or at a private institution. Source: U.S. Census Bureau, American Community Survey. These students are only included in the dropout count when specific documentation of the school change is not provided. 2 Completers are students who graduate, receive certificates or other designations of high school completion or attendance, or receive a G.E.D. Higher Education Facilities in Metro Denver and Northern Colorado from programs administered by the district. Fall 2015 3 Graduation rates are calculated based on high school graduates only. Four Year Public Colleges and Universities Enrollment Source: Colorado Department of Education. Colorado School of Mines - Golden 5,923 Colorado State University - Fort Collins, Denver 27,935 College Entrance Exam Scores Metropolitan State University - Denver 20,155 ACT Composite Score - 2016 University of Colorado Boulder 31,663 Larimer County 21.5 University of Colorado Denver 18,658 Northern Colorado 20.2 University of Northern Colorado - Greeley 10,058 Colorado 20.6 U.S. Average 20.8 Four Year Private Colleges and Universities SAT 2016 Colorado Christian University - Lakewood 5,787* Critical Reading Johnson & Wales - Denver 1,388 Colorado 587 Regis University - Denver 9,208* U.S. Average 494 University of Denver - Denver 11,797 University of Phoenix - Metro Denver campuses 1,674* Math Colorado 589 Two Year Public Colleges U.S. Average 508 Aims Community College - Greeley 5,298 Arapahoe Community College - Littleton 10,004 Writing Community College of Aurora 6,943 Colorado 571 Community College of Denver 9,130 U.S. Average 482 Front Range Community College - Westminster, Fort Collins 18,747 Note: All Colorado high school juniors are required to Red Rocks Community College - Lakewood 7,789 take the ACT. Nationally, only college bound juniors generally take the ACT. *Estimate. Source: Colorado Department of Higher Education and individual schools. Sources: Colorado Department of Education; ACT, Inc.; and College Board. Larimer County, Colorado 2016 Economic Profile Cost of Living, Income, & Housing Per Capita Personal Income, 2015 Avg. Monthly Apartment Rents, 3Q 2016 Single-Family Median Home Price Larimer County $45,318 Type Fort Collins/Loveland (000s) Northern Colorado $44,151 Efficiency $822.29 Colorado $50,899 1 Bed $1,138.75 City 3Q 2016 United States $48,112 2 Bed 1 Bath $1,194.36 Atlanta, GA $191.5 Source: U.S. Bureau of Economic Analysis. 2 Bed 2 Bath $1,415.60 Baltimore, MD $264.3 3 Bed $1,577.06 Boston, MA $435.3 All $1,306.24 Boulder, CO $515.2 1 Vacancy Rate 4.0% Chicago, IL $244.1 1 Vacancy rate for all apartment types. Cleveland, OH $138.9 Source: Colorado Division of Housing, Colorado Dallas, TX $230.5 Multi-Family Housing Vacancy and Rental Survey. Denver, CO $386.8 Houston, TX $217.4 Cost of Living Index (selected cities) - Third Quarter 2016 Los Angeles, CA $536.7 Misc. Goods Miami, FL $315.0 City All Items Index1 Grocery Housing Utilities Transportation Health Care and Services Minneapolis, MN $240.3 Atlanta, GA 97.6 101.6 84.9 104.8 101.1 110.2 101.7 New York, NY $397.6 Austin, TX 96.3 86.6 94.0 101.3 99.8 100.5 98.9 Philadelphia, PA $234.8 Boston, MA 146.4 107.9 203.2 150.2 113.3 132.7 125.3 Phoenix, AZ $235.3 Chicago, IL 117.6 103.5 140.9 87.1 133.0 103.3 109.7 Portland, OR $358.5 Dallas, TX 103.2 110.3 96.4 98.9 100.7 108.3 107.7 Raleigh, NC $250.2 Denver, CO 112.6 110.4 134.3 94.7 104.1 107.8 104.2 San Francisco, CA $835.4 Houston, TX 99.4 86.9 106.1 109.8 94.7 90.2 98.4 Seattle, WA $422.1 Las Vegas, NV 101.3 101.6 107.4 86.6 107.3 101.4 98.4 Washington, DC $393.5 Los Angeles, CA 143.6 112.9 225.2 106.7 130.6 110.0 106.8 United States $240.9 Miami-Dade County, FL 108.7 101.7 129.1 96.3 104.6 101.1 100.4 Source: National Association of Realtors. Oakland, CA 152.4 134.5 237.9 107.4 125.7 114.7 114.9 Phoenix, AZ 98.6 94.6 98.6 95.2 102.1 95.3 100.5 Portland, OR 128.2 117.2 175.1 80.9 109.0 108.3 116.6 Raleigh, NC 94.7 113.8 70.6 94.6 91.9 101.1 107.7 Salt Lake City, UT 93.1 93.9 90.5 78.5 108.6 92.3 94.3 San Diego, CA 145.7 114.7 235.1 117.4 127.0 108.0 102.3 San Francisco, CA 181.9 132.8 334.4 107.3 133.1 118.2 119.9 Seattle, WA 143.1 122.3 179.0 126.5 131.0 126.3 132.4 St.