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?
According to Census Bureau County Business Patterns 2023 data, Colorado has 10,649,707 employees across 785,567 business establishments in 972 tracked industries.
What are the largest industries in Colorado?
The largest industries in Colorado by employment are Health Care and Social Assistance (352,483), Accommodation and Food Services (304,455), and Retail Trade (292,486).
What is the average payroll in Colorado?
Average payroll per employee varies widely by industry in Colorado. The highest-paying tracked industry is Finance and Insurance at $266,018/yr. All data is from Census Bureau County Business Patterns 2023.
How many businesses operate in Colorado?
Colorado has 785,567 business establishments across 972 industries tracked by the Census Bureau County Business Patterns program. Each establishment represents a single physical location or operating unit.
Disclaimer: PlainBizBench provides publicly available IRS and Census data for informational purposes only. This is not financial, tax, or business advice. Consult a qualified accountant or financial advisor for business-specific guidance.

Source: Census Bureau County Business Patterns (CBP) 2023 · CO

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Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainBizBench Editorial

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