51 Colorado Business Stats & Facts For 2025

Here are 51 business stats about Colorado for 2025.

Basics:

Population: 5,877,610 (US Census 2020)
Population desnity per square mile: 55.70
GDP: $520,389 (millions USD)
GDP Per Capita: $89,469
Median household income (in 2022 dollars): $87,598
Real GDP Growth Rate: 2.90%
Total Employment: 3.4m
Unemployment Rate: 3.5%

Rankings

% Share of National Economy: 1.90%
State Economic Growth Rank (out of 50): 8
Population Growth Rank (out of 50): 15
Business Growth Rank (out of 50): 11
State Growth Rank in Employment (out of 50): 42

Biggest Industries In Colorado By Revenue

1. Oil Drilling & Gas Extraction: $37.4b
2. Tourism: $26.9b
3. New Car Dealers: $21.5b
4. Hospitals: $21.1b
5. Supermarkets & Grocery Stores: $16.8b
6. Drug, Cosmetic & Toiletry Wholesaling: $16.1b
7. Real Estate Loans & Collateralized Debt: $15.4b
8. Public Schools: $14.7b
9. Housing Developers: $14.0b
10. Electronic Part & Equipment Wholesaling: $13.9b

Biggest Employers In Colorado

1. Denver International Airport: 35,000 (1.0%)
2. Walmart Inc.: 30,491 (0.9%)
3. The Kroger Co.: 21,689 (0.6%)
4. Amazon.Com, Inc.: 20,000 (0.6%)
5. Lockheed Martin Corporation: 14,000 (0.4%)
6. Hca Healthcare, Inc.: 11,050 (0.3%)
7. United States Postal Service: 10,479 (0.3%)
8. The Home Depot, Inc.: 10,086 (0.3%)
9. Comcast Corporation: 8,000 (0.2%)
10. Lumen Technologies, Inc.: 6,500 (0.2%)

Small Businesses In Colorado

Number of Small Businesses 684,726
Percent of bossiness that are small businesses: 99.50%
Number of employees: 1,200,000
Share of Employment: 47.30%
Number of New Businesses In The Past Year: 32,069
Number of Businesses That Closed In The Past Year: 23,408
Net Change In New Businesses: 8,661

Number of Businesses With No Employees: 542,712
Number of Businesses with 1-19 Employees: 127,294
Number of Businesses with 20-499 Employees: 14,720
Share of Businesses Owned By Women: 44.80%
Share of Businesses Owned By Veterans: 7.10%
Share of Hispanic Owned Businesses: 12.20%
Share of Businesses Owned By Racial Minorities: 8.30%

Fortune 500 Companies In Colorado

Number of Fortune 500 Headquaters: 10
Biggest Company: Arrow Electronics
Biggest Company Type: Wholesalers: Electronics and Office Equipment
Number of Employees: 22,300
Revenue (in millions): $37,124

Taxes In Colorado

State Corporate Tax Rate: 4.40%
State Corporate Tax Rate Brackets: $0

State Sales Tax Rate: 2.90%
State Sales Tax Rank (out of 50): 45
Average Local Sales Tax Rate: 4.91%
Max Local Sales Tax Rate: 8.30%
Average Combined Sales Tax Rate: 7.81%
Combined Sales Tax Rank (out of 50): 16

Minimum State Income Tax Rate If You’re Single: 4.00%
Minimum State Income Tax Rate If You’re Married: 4.00%

General Colorado Population Facts

In civilian labor force, total, percent of population age 16 years+: 67.70%
In civilian labor force, female, percent of population age 16 years+: 63.10%
Share of population which is foreign born: 9.50%
Mean travel time to work (minutes), workers age 16 years+: 25.6

Housing

Number of Housing Units: 2,638,724
Owner-occupied housing unit rate: 66.20%
Median value of owner-occupied housing units: $465,900
Median gross rent per month: $1,594
Households with a computer: 96.20%
Households with a broadband Internet subscription: 91.80%

Education

High school graduate or higher, percent of persons age 25 years+: 92.50%
Bachelor’s degree or higher, percent of persons age 25 years+: 43.70%

Also See

• Colorado Registered Agent Services
• Colorado Secretary of State Business Search
• How To Form an LLC In Colorado
• Colorado Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Colorado
• https://www.ibisworld.com/united-states/economic-profiles/colorado/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-CO.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/mountain-plains/colorado.htm#eag
• https://www.census.gov/quickfacts/fact/table/CO,US/PST045223
• https://www.50pros.com/fortune500