NAICS 23

Construction in Colorado Springs, CO

Metro Market Score 56.2 (Challenging), ranked #258 of 342 metros. 2,276 establishments, 18,118 jobs.

Metro Market Score 56.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national construction average.

Market conditions for construction in Colorado Springs are tougher than average. The 56.2 market score reflects a combination of moderate wages, slowing employment, and an already crowded field. Rank: #258 of 342 metros.

Industry Concentration

64.0

LQ: 1.09

Rank #219 of 342 metros

Wage Competitiveness

48.0

$72,218 avg wage

Growth Trend

↓ 28.1

Employment growth index

Rank #247 of 342 metros

Wage Pressure

33.0

YoY wage change index

2,276 Construction Firms in Colorado Springs

2,276

Establishments

-7.6% YoY

18,118

Total Employment

-0.3% YoY

$72,218

Average Annual Wage

+4.1% YoY

1.09

Location Quotient

Above national avg

Within Colorado

#3 of 7

construction metros in state

Colorado state rank

#40 of 51

for construction entry risk

vs State Median

-3.8

better than median (60.0)

Colorado Springs vs Colorado Statewide

How this metro's construction market compares to Colorado overall. The state ranks #40/51 for entry risk.

Measure	Colorado Springs	CO Statewide
Overall Score	56.2 Challenging	53.2 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#258 of 342 metros	#40 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Colorado Springs

Healthcare and Social Assistance 43.5 Retail Trade 54.1 Real Estate and Rental and Leasing 63.2 Administrative and Support Services 64.7 Professional, Scientific, and Technical Services 66.4 Other Services 66.9 Information 67.6 Finance and Insurance 68.5 Accommodation and Food Services 78.6

Construction in Other Colorado Metros

Boulder 53.8 #232/342 Grand Junction 54.8 #244/342 Greeley 60.0 #284/342 Pueblo 64.1 #306/342 Fort Collins-Loveland 65.3 #314/342 Denver-Aurora-Centennial 68.0 #321/342

Construction Metros With Similar Conditions

Metros within 5 points of Colorado Springs's 56.2 score. Useful when comparing markets with comparable entry profiles.

Albuquerque, NM 56.1 #257/342 Raleigh-Cary, NC 56.1 #256/342 Charlotte-Concord-Gastonia, NC 56.0 #255/342 St. Joseph, MO 56.0 #254/342 Albany, OR 56.4 #259/342 Dallas-Fort Worth-Arlington, TX 56.4 #260/342 Kokomo, IN 56.5 #261/342 Waterbury-Shelton, CT 56.6 #262/342 Lincoln, NE 55.7 #253/342 Anchorage, AK 55.7 #252/342

Construction in States Bordering Colorado

State-level entry risk for construction in adjacent states. Use this to weigh cross-border options.

Nebraska 32.5 #5/51 Arizona 38.6 #16/51 Utah 40.1 #22/51 New Mexico 47.4 #31/51 Kansas 51.5 #38/51 Oklahoma 52.2 #39/51 Wyoming 59.3 #49/51

Browse Construction in Other States

State-level entry risk reports for construction across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Colorado Springs's construction sector, the employment growth component (71.9) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Colorado Springs, CO MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment