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Arvada Economic Data Dashboard
Arvada City Overview
Population (2021 Census)
123,436
Households (2021 Census)
49,441
Persons per household (2021 Census)
2.5
Owner Occupied (vs. 24% Renter Occupied)
76%
Population By Race
Population by Age Cohort
| Age Cohort | 2017 Population | 2022 Population | Change | % Change | 2022 % of Cohort |
|---|---|---|---|---|---|
| Under 5 years | 7,975 | 6,762 | -1,213 | -15% | 5.12% |
| 5 to 9 years | 7,292 | 7,386 | 95 | 1% | 5.59% |
| 10 to 14 years | 7,100 | 7,070 | -30 | -0% | 5.35% |
| 15 to 19 years | 7,603 | 7,703 | 100 | 1% | 5.83% |
| 20 to 24 years | 6,209 | 6,022 | -187 | -3% | 4.56% |
| 25 to 29 years | 9,358 | 8,809 | -550 | -6% | 6.67% |
| 30 to 34 years | 10,051 | 11,550 | 1,499 | 15% | 8.74% |
| 35 to 39 years | 9,345 | 10,435 | 1,090 | 12% | 7.9% |
| 40 to 44 years | 8,123 | 9,396 | 1,273 | 16% | 7.11% |
| 45 to 49 years | 8,433 | 8,472 | 39 | 0% | 6.41% |
| 50 to 54 years | 8,704 | 8,789 | 85 | 1% | 6.65% |
| 55 to 59 years | 9,366 | 7,416 | -1,950 | -21% | 5.61% |
| 60 to 64 years | 8,406 | 8,103 | -304 | -4% | 6.13% |
| 65 to 69 years | 7,347 | 8,286 | 940 | 13% | 6.27% |
| 70 to 74 years | 5,266 | 6,725 | 1,459 | 28% | 5.09% |
| 75 to 79 years | 3,952 | 4,407 | 455 | 12% | 3.33% |
| 80 to 84 years | 2,625 | 2,563 | -62 | -2% | 1.94% |
| 85 years and over | 2,570 | 2,270 | -300 | -12% | 1.72% |
Economy & Workforce
Total Employment (2021 BLS)
27,685
Businesses
3,758
Median Income
$72,010
Industry Characteristics
| Industry | 2023 Jobs | 2022 Average Earnings Per Worker | 2023 LQ (Industry Concentration) | 2018-2023 % Change in Jobs | 2022 GRP |
|---|---|---|---|---|---|
| Government | 8,103 | $90,899 | 1.17 | -5.06% | |
| Construction | 6,560 | $79,641 | 1.92 | 5.42% | |
| Retail Trade | 6,068 | $43,551 | 1.09 | -3.3% | |
| Professional, Scientific, and Technical Services | 5,139 | $77,067 | 1.11 | 7.73% | |
| Accommodation and Food Services | 4,945 | $31,454 | 1.15 | 5.11% | |
| Real Estate and Rental and Leasing | 4,830 | $52,006 | 1.37 | 32.46% | |
| Other Services (except Public Administration) | 4,473 | $42,347 | 1.32 | 0.64% | |
| Health Care and Social Assistance | 4,333 | $63,998 | 0.63 | -5.99% | |
| Finance and Insurance | 4,226 | $66,249 | 1.1 | 31.42% | |
| Manufacturing | 3,051 | $92,866 | 0.79 | 12.95% | |
| Administrative and Support and Waste Management and Remediation Services | 2,854 | $49,175 | 0.77 | -5.34% | |
| Transportation and Warehousing | 1,866 | $46,444 | 0.55 | 62.6% | |
| Wholesale Trade | 1,635 | $142,891 | 0.84 | 13.04% | |
| Arts, Entertainment, and Recreation | 1,108 | $26,415 | 0.85 | -17.89% | |
| Educational Services | 758 | $32,959 | 0.54 | 9.16% | |
| Agriculture, Forestry, Fishing and Hunting | 480 | $47,109 | 0.47 | 16.88% | |
| Information | 426 | $47,928 | 0.38 | 9.47% | |
| Utilities | 373 | $173,857 | 2.13 | 15.89% | |
| Mining, Quarrying, and Oil and Gas Extraction | 170 | $90,550 | 0.56 | -4.03% | |
| Management of Companies and Enterprises | 105 | $144,669 | 0.12 | 69.16% |
Job Postings 5-Year Trend
Workforce
Bachelor's Degree or Higher (2021 Census)
45.4%
Unemployment Rate
5.9%
Poverty Rate
7.14%
Occupation Concentration
| Occupation | 2023 Jobs | 2023 Median Salary | 2023 Average Hourly Wage | 2023 LQ (Occupation Concentration) | 2018-2023 % Change in Jobs |
|---|---|---|---|---|---|
| Sales and Related | 8,699 | $41,793 | $36.79 | 1.21 | 5.46% |
| Business and Financial Operations | 6,267 | $77,764 | $52.09 | 1.3 | 29.49% |
| Office and Administrative Support | 5,649 | $42,315 | $22.89 | 0.86 | 11.52% |
| Management | 5,231 | $88,179 | $54.46 | 0.95 | 30.07% |
| Food Preparation and Serving Related | 4,843 | $32,108 | $16.94 | 1.24 | 5.18% |
| Construction and Extraction | 4,529 | $50,362 | $27.22 | 1.68 | 0.03% |
| Transportation and Material Moving | 3,243 | $38,874 | $23.18 | 0.65 | 1.19% |
| Personal Care and Service | 2,458 | $32,372 | $21.19 | 1.19 | -11.2% |
| Educational Instruction and Library | 2,433 | $49,495 | $27.81 | 0.83 | -7.36% |
| Installation, Maintenance, and Repair | 2,308 | $53,272 | $28.59 | 1.06 | 5.72% |
| Building and Grounds Cleaning and Maintenance | 2,282 | $35,114 | $22.11 | 1.07 | -6.2% |
| Arts, Design, Entertainment, Sports, and Media | 2,277 | $44,134 | $33.19 | 1.19 | 0.44% |
| Production | 1,965 | $42,742 | $23.64 | 0.7 | 5.36% |
| Healthcare Practitioners and Technical | 1,891 | $82,221 | $48.08 | 0.63 | 3.32% |
| Computer and Mathematical | 1,319 | $93,472 | $47.86 | 0.78 | -6.52% |
| Healthcare Support | 1,306 | $36,916 | $20.4 | 0.54 | -13.27% |
| Architecture and Engineering | 1,237 | $86,445 | $46.32 | 1.46 | 5.36% |
| Protective Service | 1,118 | $60,397 | $30.85 | 1.04 | -4.2% |
| Community and Social Service | 1,034 | $51,496 | $28.25 | 1.12 | 10.57% |
| Life, Physical, and Social Science | 802 | $76,042 | $45.6 | 1.44 | 7.64% |
| Legal | 392 | $96,247 | $59.77 | 0.8 | -0.51% |
| Farming, Fishing, and Forestry | 227 | $31,576 | $18.27 | 0.55 | 5.75% |
| Military-only | 117 | $30,701 | $18.79 | 0.42 | 6.06% |
Annual Wage Ranges by Occupation (25th-75th Percentile)
Legal
$62,176
$170,260
Management
$42,598
$148,167
Computer and Mathematical
$64,809
$124,709
Architecture and Engineering
$63,166
$119,151
Business and Financial Operations
$52,994
$115,861
Life, Physical, and Social Science
$51,871
$110,940
Healthcare Practitioners and Technical
$56,997
$106,493
Protective Service
$40,514
$85,068
Sales and Related
$29,544
$79,516
Arts, Design, Entertainment, Sports, and Media
$22,165
$76,933
Educational Instruction and Library
$35,946
$72,863
Installation, Maintenance, and Repair
$39,475
$70,203
Community and Social Service
$40,599
$66,727
Construction and Extraction
$37,768
$65,993
Production
$34,100
$55,661
Office and Administrative Support
$33,777
$54,125
Military-only
$26,366
$50,981
Transportation and Material Moving
$32,191
$50,420
Personal Care and Service
$26,485
$46,616
Building and Grounds Cleaning and Maintenance
$29,027
$46,453
Healthcare Support
$32,218
$45,306
Farming, Fishing, and Forestry
$26,418
$42,442
Food Preparation and Serving Related
$28,710
$36,310
Top Hard Skills Companies Are Looking For
| Skill | Frequency in Job Postings | Frequency in Candidates | Skill Gap |
|---|---|---|---|
| Nursing | 6% | 1% | -5% |
| Merchandising | 6% | 2% | -4% |
| Cardiopulmonary Resuscitation (CPR) | 6% | 0% | -6% |
| Life Support | 5% | 0% | -5% |
| Restaurant Operation | 5% | 1% | -4% |
| Marketing | 4% | 9% | 5% |
| Construction | 4% | 2% | -2% |
| Direct Patient Care | 4% | 0% | -4% |
| Acute Care | 3% | 0% | -3% |
| Project Management | 3% | 10% | 7% |
| Selling Techniques | 3% | 2% | -1% |
| Cash Register | 3% | 1% | -2% |
| Nursing Process | 3% | 0% | -3% |
| Auditing | 3% | 3% | 0% |
| Accounting | 2% | 4% | 2% |
| Purchasing | 2% | 3% | 1% |
| Care Coordination | 2% | 0% | -2% |
| Cash Handling | 2% | 0% | -2% |
| Data Entry | 2% | 2% | 0% |
| Housekeeping | 2% | 0% | -2% |
Data
Lightcast, BLS, Census
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