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Construction workers: for better pay potential, move to Denver

• With so many great cities to help build, why should construction workers move to labor-strapped Denver? As it turns out, the answer is money (and of course, the mountains). Compared to surrounding metros, the Mile High City is roughly mid-pack in overall annual pay. However, it has seen the highest pay growth for construction workers over the last two years. Wages have climbed more than twice as much here than in Phoenix and nearly 110 basis points higher than in Los Angeles. If this trajectory continues during the next few years, a Denver-based construction worker would earn more than his/her counterpart in either Kansas City or L.A.

• Our metro has long boasted a lower unemployment rate than the national average. Square feet under construction for industrial buildings has continued to climb as supply struggles to match demand, leading developers to scramble for employees. Despite rising construction costs and the potential impact of steel tariffs, Denver’s strong economy has allowed developers to continue their growth streaks.

• With strong economic fundamentals, accelerating construction industry pay growth and a diverse local economy, Denver is the place to be for a construction worker looking for better, crane-filled horizons. 

Source: JLL Research, Bureau of Labor Statistics

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