If you’re a high-tech worker, Colorado is a very good place to live. According to the recent Cyberstates 2011 report from the Tech America Foundation, Colorado has the third-highest concentration of high-tech workers in the country. There were 156,900 high-tech workers in Colorado in 2010, and the state’s high-tech payroll of $14.2 billion was 12th highest in the nation.
States were ranked in several different ways, including total number of high-tech employees, total number of high-tech firms, and total high-tech payroll. In 2010, Colorado had 87 high-tech workers per 1,000 private sector workers, giving it the number three ranking behind Virginia and Massachusetts.
This is great news for Denver residents and those living in other large Colorado cities, since high-tech is a critical industry for the economy. Some feel it’s the basis for many of the ideas that develop into new inventions which then help create new jobs.
The Colorado Department of Labor and Employment categorizes its high-tech segment as “advanced technology,” which currently numbers 172,600 employees. This is broken down into seven sub-areas including computer and electronic manufacturing, transportation-equipment manufacturing, and software publishing.
A high-tech worker living in Denver or anywhere along the Front Range earned $90,800 on average in 2010, which is 96 percent more than the average salary of fellow private-sector workers, says the study.
Because they are paid so well, high-tech employees spend more and help create more jobs in the support-services sector of the local economy.
Colorado did lose some high-tech jobs during the recession, but the high-tech industry is still one of the keystones of the state’s overall economy, offering many skilled workers for tech companies to hire. If the state’s schools and universities keep investing in math and science education, there will continue to be a cache of qualified high-tech workers in Colorado, which in turn will keep drawing technology companies to the state.
So whether you already live here or are considering relocating to the Denver area, know that Colorado’s strong high-tech industry makes this a great place to live, no matter what your skill set.
Let the professionals at the Bandy Team help you buy or sell a Denver home, contact us for a no-obligation consultation. If you’re thinking about buying a home in Denver, we can show you some terrific properties in Denver, including homes in Denver Highlands and real estate in Washington Park (also known as Wash Park). You may also be interested in horse property in Franktown or homes in Parker, including a wide variety of homes in Canterberry and real estate in Stonegate.