State Overview · Census CBP 2023
Colorado Industries
Employment and payroll benchmarks for 972 industries in Colorado
Reading the Colorado Industry Picture
Colorado (CO) shows 10,649,707 workers employed across 785,567 business establishments, covering 972 industries tracked by the Census Bureau County Business Patterns 2023 program. That single-state footprint is a starting point for anyone benchmarking location strategy, evaluating a market for expansion, or simply understanding where jobs concentrate. The single largest employer-industry in Colorado is Health Care and Social Assistance with 352,483 workers — a signal about what kind of labor market and supplier ecosystem the state actually supports.
Beyond the top employer, Accommodation and Food Services (304,455) and Retail Trade (292,486) fill out the top three, giving you a quick read on the state's economic base. Payroll dispersion is just as important as headcount: the highest-paying tracked industry (Finance and Insurance) pays $266,018/yr per employee, while the lowest-paying (Information) pays $18,609/yr. That gap tells you how the state's median wage is being pulled up or down by its industry composition — critical context for anyone comparing cost of labor across markets.
Census CBP data does not include profit margins (that comes from IRS Statistics of Income at the national level only), so a full benchmark on any specific NAICS code in Colorado requires combining this state page with the national industry page. Click any industry in the table below to drop into a Colorado-specific NAICS view showing employment, establishments, annual payroll, and average compensation for that exact combination — then cross-reference the national page for profitability, entity structure, and SBA lending activity in the same industry.
Total Employment
10,649,707
Total Establishments
785,567
Industries Tracked
972
Top Industries by Employment
| Industry | Employment |
|---|---|
| Health Care and Social Assistance NAICS 62 | 352,483 |
| Accommodation and Food Services NAICS 72 | 304,455 |
| Retail Trade NAICS 44 | 292,486 |
| Accommodation and Food Services NAICS 722 | 254,725 |
| Professional, Scientific, and Technical Services NAICS 54 | 243,578 |
| Professional, Scientific, and Technical Services NAICS 541 | 243,578 |
| Accommodation and Food Services NAICS 7225 | 231,199 |
| Accommodation and Food Services NAICS 72251 | 231,199 |
| Administrative and Support and Waste Management NAICS 56 | 214,724 |
| Administrative and Support and Waste Management NAICS 561 | 204,942 |
| Construction NAICS 23 | 188,263 |
| Health Care and Social Assistance NAICS 621 | 155,126 |
| Manufacturing NAICS 31 | 133,767 |
| Finance and Insurance NAICS 52 | 125,158 |
| Other Services (except Public Administration) NAICS 81 | 116,417 |
| Construction NAICS 238 | 112,229 |
| Accommodation and Food Services NAICS 722511 | 111,442 |
| Transportation and Warehousing NAICS 48 | 111,004 |
| Wholesale Trade NAICS 42 | 105,318 |
| Information NAICS 51 | 101,428 |
Frequently Asked Questions
How many people are employed in Colorado?
What are the largest industries in Colorado?
What is the average payroll in Colorado?
How many businesses operate in Colorado?
Industry Benchmarking Guides
Related Data from Other Sources
Salary Data
Occupation Wage Benchmarks
BLS salary data by occupation and metro area on WageDex
Labor Market
Industry Labor Statistics
BLS labor force and employment projections by industry on PlainLabor
Tax Data
IRS Tax Statistics
Income, deduction, and filing statistics by state on PlainTaxData
Innovation
Patent Activity Data
USPTO patent grants and applications by technology class on PlainPatent
Source: Census Bureau County Business Patterns (CBP) 2023 · CO
Read our methodology — how this data is sourced, computed, and verified.