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Income in La Plata County
Total Personal Income (TPI) is the
sum of all personal income that flows into the county.
In addition to employment income there are other sources
of income such as transfer payments; dividends, interest
& rent; and residency adjustments.
Retirees make significant contributions to the La
Plata County economy by purchasing goods and services
with income from outside sources (i.e. transfer payments),
bringing "new" money to circulate in the
local economy. This new money also creates employment
opportunities. The amenities that follow these individuals
- higher end housing, fine restaurants, country clubs,
and increased shopping opportunities- are on the rise.
The following chart provides the proportions of employment
income for the different job sectors in La Plata County.
For Detailed Employment Sector information, click
here.
La Plata County Average Annual Wage By Industry
Sector 2004
| Industry |
Average
Annual Wage |
| Agriculture, Forestry,
Fishing and Hunting |
$21,840 |
Mining |
$72,436 |
Utilities |
Data Suppressed |
Construction |
$30,940 |
Manufacturing (30-31) |
$27,872 |
Wholesale Trade |
$40,820 |
Retail Trade (44-45) |
$23,088 |
Transportation & Warehousing (48-49) |
$39,884 |
| Information |
$42,432 |
| Finance & Insurance |
$42,276 |
| Real Estate; Rental & Leasing |
$28,652 |
| Professional & Technical Services |
$40,716 |
Management of Companies & Enterprises |
$72,488 |
| Administrative & Waste Services
|
$25,688 |
Educational Services |
$39,780 |
Healthcare & Social Assistance |
$36,868 |
| Arts-Entertainment & Recreation |
$17,576 |
| Accommodation & Food Services |
$22,880 |
Other Services-Except Public Administration |
$22,880 |
Government |
$35,256 |
Median Household Income
| Area |
Median
HH Income |
Statewide-CO
|
$47,203
|
La Plata County
|
$40,159
|
Based on 2000 Census
|
Total Personal Income-La Plata County
|
Earnings |
Amount |
% of Income |
|
Transfer of Payments |
$141,318,000 |
10% |
|
Dividend, Interest &
Rent |
$330,211,000 |
24% |
|
Net Earnings
(Employment Income -Residency Adjustments) |
$904,207,000 |
66% |
|
Total Personal Income |
$1,375,736,000 |
100% |
Per Capita Income
| Area |
Per Capita
Personal
Income 1995 |
Per Capita
Personal
Income 2000 |
Per Capita
Personal
Income 2003 |
Per Capita
Personal
Income 2004 (P) |
|
United States |
$23,076 |
$29,845 |
$31,427 |
$32,937 |
|
Colorado |
$24,226 |
$33,370 |
$34,561 |
$36,063 |
|
La Plata County |
$20,998 |
$27,408 |
$29,807 |
(NA) |
Source: Econometer 2005
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