Highlands Ranch CDP Colorado Income Charts

This section shows the Highlands Ranch CDP Colorado economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Highlands Ranch CDP depicts it has a Median earnings of $89,601 which is in the mid range of other places in the local area. The place with the highest median earnings per worker in the area is Columbine Valley which depicts a median earnings of $167,188 (about twice as large). Comparing median earnings per worker to the United States average of $53,269, Highlands Ranch CDP is 68.2% larger. Also, measured against the state of Colorado, median earnings per worker of $57,852, Highlands Ranch CDP is 54.9% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $134,041 which is the second most of all the places in the greater region. The place with the highest median household income in the area is Columbine Valley which shows a median income of $245,208 (about twice as large). Comparing median household income to the United States average of $69,021, Highlands Ranch CDP is about twice as large. Also, benchmarked against the state of Colorado, median household income of $80,184, Highlands Ranch CDP is 67.2% larger.

The next section examines a variety of different income statistics for the Highlands Ranch CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the greater region at 3.7% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 39.4 which is the third most of all other places in the metro area. The place with the highest average hours in the area is Columbine Valley which shows an average hours of 41.7 (only about 5.8% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $43.73 which is in the middle range of other places in the metro area. The place with the highest average hourly earnings in the area is Columbine Valley which depicts an average hourly earnings of $77.10 (76.3% larger). Comparing average hourly earnings to the United States average of $26.40, Highlands Ranch CDP is 65.6% larger. Also, measured against the state of Colorado, average hourly earnings of $28.53, Highlands Ranch CDP is 53.3% larger.

Figure 7 examines the number of self employed people in the Highlands Ranch CDP metro area based on the number of people who reported any self employment income. Highlands Ranch CDP indicates it has a Self Employed of 15.4% which is less than most other places in the local area. The place with the highest percentage of people self employed in the area is Columbine Valley which shows a percentage self employed of 26.8% (74.1% larger).

Turning our attention to Figure 8, the median household income by age group, it has one of the largest proportions of median income-under 25 years at $138,919 of the total and is ranked #2. The only larger place being Columbine Valley with $250,000. Second, it has one of the largest proportions of median income-25 to 44 years at $156,272 of the total and is ranked #3. Only #2 Greenwood Village ($186,023), and #1 Columbine Valley ($250,001) are larger. Third, it has one of the largest proportions of median income-45 to 64 years at $94,659 of the total and is ranked #3. Only #2 Greenwood Village ($123,478), and #1 Columbine Valley ($191,667) are larger.

Figure 9 breaks down the source of income and Highlands Ranch CDP has the smallest proportion of income from wages at 4.5% of the total.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 20.5% which is the third most households with retirement income of all other places in the greater Highlands Ranch CDP region. The place with the highest households with retirement income in the area is Columbine Valley which shows a households with retirement income of 42.6% (about twice as large).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the percentage of overall family income in the center range of other places in the greater region at $149,811 of the total. Second, it has the largest proportion of white family income at $156,500 of the total and is ranked #1. Third, it has the largest proportion of black family income at $153,750 of the total and is ranked #1. Also, it has the largest proportion of american indian family income at $132,165 of the total and is ranked #1. In addition, it has one of the largest proportions of hawaiian family income at $121,525 of the total and is ranked #3. Only #2 Greenwood Village ($160,368), and #1 Lone Tree ($175,978) are larger.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Highlands Ranch CDP indicates it has the hightest cost of 214.1 for the cost of housing category.

Highlands Ranch CDP Colorado Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It depicts that from February 2010 to before the Wuhan Coronavirus/COVID Pandemic the monthly unemployment rate went from 8.2% to 2.7% in February 2020. This represents a decrease in the monthly unemployment rate of 67.1%. Since that time, the monthly unemployment rate has gone to 3.1% This represents an increase in the monthly unemployment rate of 14.8%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It depicts that from February 2010 to before the disasterous Coronavirus Pandemic the monthly labor force participation went from 22,397 to 25,214 in March 2020. This represents an increase in the monthly labor force participation of 12.6%. Since that time, the monthly labor force participation has gone to 25,867 This represents an increase in the monthly labor force participation of 2.6%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Highlands Ranch CDP depicts it has a Unemployment Rate of 2.5% which is the second most unemployment rate of all the places in the greater Highlands Ranch CDP region. The place with the highest unemployment rate in the area is Littleton which depicts a rate of 2.7% (6.5% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Highlands Ranch CDP shows it has a Labor Force Participation of 72.8% which is the third most participation rates of all other places in the greater Highlands Ranch CDP region.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Highlands Ranch CDP shows full time employees approximately 3.6 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Highlands Ranch CDP area. Highlands Ranch CDP shows it has a Single Earner Families of 25.7% which is less than most other places in the local area. The place with the highest families with a single earner in the area is Columbine Valley which depicts a single earners rate of 51.5% (about twice as large). The percentage of families with no one working is depicted in Figure 22. Highlands Ranch CDP depicts it has a Families with No One Working of 9.7% which is the second smallest in order of families with no one working of all the other places in the local area. The place with the highest families with no one working in the area is Greenwood Village which depicts a families with no worker of 18.6% (about twice as large).

Highlands Ranch CDP Colorado Poverty Charts

The next section details economy analysis about poverty for residents of the Highlands Ranch CDP community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Highlands Ranch CDP shows it has a Total In Poverty of 2,516 which is the second most total people earning less than the poverty level of all the places in the greater Highlands Ranch CDP region. The place with the highest total people earning less than the poverty level in the area is Littleton which shows a total people earning less than the poverty level of 3,328 (32.3% larger).

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Highlands Ranch CDP depicts it has a Percent of Population In Poverty of 2.4% which is the second smallest in order of percent of people earning less than the poverty level of all the other places in the greater region. The place with the highest percent of people earning less than the poverty level in the area is Louviers CDP which depicts a percent of people in poverty of 11.3% (approximately 4.6 times bigger).

In Figure 25 people who are in poverty are broken out by age group. Highlands Ranch CDP has the percentage of person in poverty 55 to 64 years the second smallest when sorted by person in poverty under 12 years of all the other places in the local area at 15% of the total.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Highlands Ranch CDP has one of the largest proportions of white poverty rate at 7% of the total and is ranked #2. The only larger place being Acres Green CDP with 100%.

Figure 27 shows key poverty statistics for groups based on marriage status. Highlands Ranch CDP has the percentage of married with children and in poverty in the mid range of other places in the local area at 4% of the total. Second, it has in the mid range of other places in the local area as measured by unmarried with children and in poverty at 4% of the total.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Highlands Ranch CDP has the percentage of less than highschool in poverty less than most other places in the metropolitan area at 4% of the total. Second, it has the smallest proportion of highschool graduate and in poverty at 2% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Highlands Ranch CDP shows it has a Public Assistance Percent of 1.6% which is less than most other places in the local area. The place with the highest households with public assistance in the area is Louviers CDP which depicts a households with public assistance of 17.6% ( very much bigger).

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Highlands Ranch CDP depicts it has a Gini Index of 37.3% which is the second smallest as measured by the gini index of all the other places in the metro area.

Highlands Ranch CDP Colorado Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Highlands Ranch CDP or elsewhere.) Highlands Ranch CDP has the largest proportion of people who take the ferry at 0% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Highlands Ranch CDP has the percentage of people who leave for work between 12am to 5am in the mid range of other places in the metro area at 2% of the total.

The average commute time is shown in Figure 37. Highlands Ranch CDP shows it has a Avg Commute Time of 26 which is in the middle range of other places in the area. Figure 38 shows the difference between male versus female commuting time. Highlands Ranch CDP shows average commute time in minutes for men 38.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Highlands Ranch CDP has the percentage of no vehicle available in the mid range of other places in the surrounding region at 11% of the total. Second, it has in the mid range of other places in the local area when sorted by 1 vehicle available at 48% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Highlands Ranch CDP shows it has a Work in city or place where live of 36% which is in the center range of other places in the surrounding region. The place with the highest people who both work and live in the same city in the area is Columbine Valley which shows a people who both work and live in the same city of 42% (17.2% larger). Comparing people who both work and live in the same city to the United States average of 44%, Highlands Ranch CDP is about 22.5% smaller. Also, versus the state of Colorado, people who both work and live in the same city of 47%, Highlands Ranch CDP is approximately three-fourths the size.

Highlands Ranch CDP Colorado Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Highlands Ranch CDP shows it has the hightest median earnings of $130,369 for the management, business, and financial occupations grouping. Similarly, Figure 47 shows the median earnings of women for the job categories and Highlands Ranch CDP depicts it has the hightest median earnings of $97,841 for the management, business, and financial occupations aggregate. The table in Figure 48, shows Highlands Ranch CDP employment data in terms of job categories and salary data.

Highlands Ranch CDP Colorado Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Highlands Ranch CDP depicts it has the hightest entrepreneurs of 70% for the self employed management, business, science, and arts businesses classification.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Highlands Ranch CDP depicts it has the hightest entrepreneurs of 32% for the self employed in professional, scientific, management, administrative services grouping.

In Figure 51 the average annual self employment/entrepreneur income is shown. Highlands Ranch CDP shows it has a Self Employment Income of $46,960 which is less than most other places in the area. The place with the highest average annual self employment income in the area is Columbine Valley which shows an average annual self employment income of $159,645 (approximately 3.4 times bigger). Comparing average annual self employment income to the United States average of $42,141, Highlands Ranch CDP is 11.4% larger. Also, in contrast to the state of Colorado, average annual self employment income of $41,720, Highlands Ranch CDP is 12.6% larger.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Highlands Ranch CDP depicts total number of self-employed men 35.5% larger as the total number of self-employed women.