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Summit County, Colorado Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Summit County, Colorado need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Colorado

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.02 5.67 4.49 7.28 0.00 5.89
  Total Electric Industry 7.02 5.67 4.49 7.28 0.00 5.89
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.07 5.73 4.56 7.34 0.00 5.95
  Total Electric Industry 7.07 5.73 4.56 7.34 0.00 5.95
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.20 5.77 4.59 7.61 0.00 6.02
  Total Electric Industry 7.20 5.77 4.59 7.61 0.00 6.02
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.24 5.82 4.52 7.72 0.00 6.05
  Total Electric Industry 7.24 5.82 4.52 7.72 0.00 6.05
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.36 6.00 4.58 7.43 0.00 6.07
  Total Electric Industry 7.36 6.00 4.58 7.43 0.00 6.07
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.42 6.07 4.52 7.87 0.00 6.12
  Total Electric Industry 7.42 6.07 4.52 7.87 0.00 6.12
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.49 5.93 4.35 7.69 0.00 6.05
  Total Electric Industry 7.49 5.93 4.35 7.69 0.00 6.05
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.42 5.77 4.28 8.00 0.00 5.95
  Total Electric Industry 7.42 5.77 4.28 8.00 0.00 5.95
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.45 5.67 4.34 7.92 0.00 5.95
  Total Electric Industry 7.45 5.67 4.34 7.92 0.00 5.95
1999              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.38 5.61 4.38 8.23 0.00 5.95
  Total Electric Industry 7.38 5.61 4.38 8.23 0.00 5.95
2000              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 7.31 5.55 4.25 7.77 0.00 5.88
  Total Electric Industry 7.31 5.55 4.25 7.77 0.00 5.88
2001              
  Full-Service Providers 7.47 5.67 4.48 8.36 0.00 6.02
  Total Electric Industry 7.47 5.67 4.48 8.36 0.00 6.02
2002              
  Full-Service Providers 7.37 5.67 4.52 6.64 0.00 6.00
  Total Electric Industry 7.37 5.67 4.52 6.64 0.00 6.00
2003              
  Full-Service Providers 8.14 6.60 5.10 0.00 7.32 6.77
  Total Electric Industry 8.14 6.60 5.10 0.00 7.32 6.77
2004              
  Full-Service Providers 8.42 6.89 5.11 0.00 5.81 6.95
  Total Electric Industry 8.42 6.89 5.11 0.00 5.81 6.95
2005              
  Full-Service Providers 9.06 7.62 5.74 0.00 5.01 7.64
  Total Electric Industry 9.06 7.62 5.74 0.00 5.01 7.64
2006              
  Full-Service Providers 9.02 7.50 5.88 0.00 7.78 7.61
  Total Electric Industry 9.02 7.50 5.88 0.00 7.78 7.61

(updated 2006)



Time Leaving to Work in Summit County, Colorado

12:00 A.M. TO 4:59 A.M.   : 299   (2.0%)
5:00 A.M. TO 5:29 A.M.   : 173   (1.2%)
5:30 A.M. TO 5:59 A.M.   : 346   (2.3%)
6:00 A.M. TO 6:29 A.M.   : 649   (4.3%)
6:30 A.M. TO 6:59 A.M.   : 1,019   (6.8%)
7:00 A.M. TO 7:29 A.M.   : 2,148   (14.3%)
7:30 A.M. TO 7:59 A.M.   : 3,182   (21.2%)
8:00 A.M. TO 8:29 A.M.   : 2,236   (14.9%)
8:30 A.M. TO 8:59 A.M.   : 1,059   (7.0%)
9:00 A.M. TO 9:59 A.M.   : 1,203   (8.0%)
10:00 A.M. TO 10:59 A.M.   : 425   (2.8%)
11:00 A.M. TO 11:59 A.M.   : 270   (1.8%)
12:00 P.M. TO 3:59 P.M.   : 1,143   (7.6%)
4:00 P.M. TO 11:59 P.M.   : 872   (5.8%)


(updated 2010)



Household Size By Vehicles Available
(Summit County, Colorado)

1-person household:

No vehicle available : 197

1 vehicle available : 2,206

2 vehicles available : 748

3 vehicles available : 68

4 or more vehicles available : 14

2-person household:

No vehicle available : 84

1 vehicle available : 1,064

2 vehicles available : 2,685

3 vehicles available : 390

4 or more vehicles available : 204

3-person household:

No vehicle available : 27

1 vehicle available : 195

2 vehicles available : 755

3 vehicles available : 420

4 or more vehicles available : 124

4-or-more-person household:

No vehicle available : 0

1 vehicle available : 150

2 vehicles available : 1,008

3 vehicles available : 294

4 or more vehicles available : 295


(updated 2013)



Household Size By Number Of Workers In Household
(Summit County, Colorado)

1-person household:

No workers : 477

1 worker : 2,756

2-person household:

No workers : 1,305

1 worker : 1,217

2 workers : 1,905

3-person household:

No workers : 0

1 worker : 330

2 workers : 723

3 workers : 468

4-or-more-person household:

No workers : 122

1 worker : 357

2 workers : 842

3 or more workers : 426


(updated 2013)



Travel Time To Work
(Summit County, Colorado)

Less than 5 minutes : 1,150

5 to 9 minutes : 2,948

10 to 14 minutes : 3,761

15 to 19 minutes : 2,943

20 to 24 minutes : 1,914

25 to 29 minutes : 597

30 to 34 minutes : 853

35 to 39 minutes : 177

40 to 44 minutes : 110

45 to 59 minutes : 586

60 to 89 minutes : 312

90 or more minutes : 218


(updated 2013)



Occupations in Summit County, Colorado

Male:


  • Management, Professional, And Related Occupations: 2,947  (28.8%)
  • Service Occupations: 2,049  (20.0%)
  • Sales And Office Occupations: 1,943  (19.0%)
  • Farming, Fishing, And Forestry Occupations 327  (3.2%)
  • Construction, Extraction, And Maintenance Occupations: 2,050  (20.0%)

Female:


  • Management, Professional, And Related Occupations: 2,159  (33.9%)
  • Service Occupations: 1,300  (20.4%)
  • Sales And Office Occupations: 2,590  (40.7%)
  • Farming, Fishing, And Forestry Occupations 34  (0.5%)
  • Construction, Extraction, And Maintenance Occupations: 74  (1.2%)


(updated 2010)





Amtrak Stations in Summit County, Colorado

Bus Station(s)


    1010 Meadow Drive
    Frisco Transfer Center
    Frisco, Colorado 80443

(updated 2008)



Employment Rate In Summit County, Colorado

Employed: 16,329
Unemployed: 534



Minority Owned Firms of 100 or More in
Summit County, Colorado

  • Total Black-owned firms of 100 or more, percent 2002: 0.0%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 0.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 0.0%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 21.9%
  • Other: 78.1%



Water Usage In Summit County, Colorado

Ground Water

 
Fresh 2.33 Mgal/d
Saline 0.00 Mgal/d

Total 2.33 Mgal/d
 

Surface Water

 
Fresh 2.17 Mgal/d
Saline 0.00 Mgal/d

Total 2.17 Mgal/d





There are 82 Farms In Summit County, Colorado


(updated 2008)



Banks In Summit County, Colorado

Alpine Bank - 5 Branches


    Bank Assets: $12m
    Industry Specialization: Commercial Lending
    Total Offices: 40

Bank Of The West - 3 Branches


    Bank Assets: $207.4m
    Industry Specialization: Commercial Lending
    Total Offices: 603

Wells Fargo Bank, National Association - 3 Branches


    Bank Assets: $4.3b
    Industry Specialization: All Other > $1 Billion
    Total Offices: 6,310

U.s. Bank National Association - 3 Branches


    Bank Assets: $1.1b
    Industry Specialization: Commercial Lending
    Total Offices: 3,238

Firstbank - 3 Branches


    Bank Assets: $41.7m
    Industry Specialization: Mortgage Lending
    Total Offices: 129

Centennial Bank - 1 Branches


    Bank Assets: $481.4k
    Industry Specialization: Commercial Lending
    Total Offices: 166

(updated 2014)







Airports Near Summit County, Colorado

  • Vail/Avon


    (about 16.9 miles in Vail, Colorado; Airport Code: WHR)

  • Lake County


    (about 27.8 miles in Leadville, Colorado; Airport Code: LXV)

  • Eagle County Regional


    (about 45.1 miles in Gypsum, Colorado; Airport Code: EGE)

  • Aspen Pitkin County Sardy Field


    (about 49.0 miles in Woody Creek, Colorado; Airport Code: ASE)

  • Rocky Mountain Metropolitan


    (about 55.7 miles in Broomfield, Colorado; Airport Code: BJC)

  • Glen-Aspen


    (about 59.5 miles in Glenwood Springs, Colorado; Airport Code: CQL)

  • Longmont Municipal


    (about 63.0 miles in Longmont, Colorado; Airport Code: LGM)

  • Stapleton International


    (about 64.8 miles in Denver, Colorado; Airport Code: DEN)

  • Centennial


    (about 65.1 miles in Centennial, Colorado; Airport Code: APA)

  • Arapahoe County


    (about 65.1 miles in Centennial, Colorado; Airport Code: APA)

  • Glenwood Springs Municipal


    (about 66.3 miles in Glenwood Springs, Colorado; Airport Code: GWS)

  • Buckhorn Ranch


    (about 68.0 miles in Crested Butte, Colorado; Airport Code: CSE)

  • Buckley Air National Guard Base


    (about 70.7 miles in Aurora, Colorado; Airport Code: BFK)

  • Buckley AFB


    (about 70.7 miles in Aurora, Colorado; Airport Code: BFK)

  • Harriet Alexander Field


    (about 71.6 miles in Salida, Colorado; Airport Code: SLT)

  • Denver International


    (about 76.9 miles in Aurora, Colorado; Airport Code: DEN)

  • Steamboat Springs/Bob Adams Field


    (about 77.4 miles in Steamboat Springs, Colorado; Airport Code: SBS)

  • USAF Academy Airfield


    (about 79.2 miles in Colorado Springs, Colorado; Airport Code: AFF)

  • Front Range


    (about 82.5 miles in Watkins, Colorado; Airport Code: FTG)

  • Fort Collins-Loveland Municipal


    (about 82.6 miles in Fort Collins, Colorado; Airport Code: FNL)


(updated 2015)



Modes of Transportation in Summit County, Colorado

Car, Truck, Or Van:

 

Drove Alone

65.67%

Carpooled

12.52%

Public Transportation:

 

Bus Or Trolley Bus

4.95%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.01%

Railroad

0.0%

Ferryboat

0.01%

Taxicab

0.05%

Motorcycle

0.0%

Bicycle

0.89%

Walked

8.70%

Other Means

1.33%

Worked At Home

5.86%



(updated 2010)





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