Real Estate, Rental and Leasing Wages and Salaries in Colorado
COWREA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,876,441.00
Year-over-Year Change
2.10%
Date Range
1/1/1998 - 1/1/2025
Summary
This trend measures wages and salaries in the real estate, rental, and leasing industries in Colorado. It provides insights into economic activity and labor market conditions in this important sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Estate, Rental and Leasing Wages and Salaries in Colorado metric tracks compensation for workers in real estate, rental, and leasing businesses within the state. It serves as a key indicator of economic health and the strength of the housing and commercial property markets.
Methodology
The data is collected through establishment surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the real estate market and broader economic conditions in Colorado.
Key Facts
- Colorado's real estate wages grew 5.2% in 2021.
- The real estate sector accounts for 6.4% of Colorado's GDP.
- Rental and leasing services make up over one-third of real estate industry wages in Colorado.
FAQs
Q: What does this economic trend measure?
A: This trend measures wages and salaries for workers in the real estate, rental, and leasing industries within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and activity of Colorado's real estate market, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through establishment surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess housing and commercial real estate market conditions, as well as the broader economic climate in Colorado.
Q: Are there update delays or limitations?
A: This data is released on a monthly basis, but may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real Estate, Rental and Leasing Wages and Salaries in Colorado (COWREA), retrieved from FRED.