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Grand Junction, CO Employment Information
Grand Junction, Colorado Overview
Grand Junction is the largest city in western Colorado, with a population of 58,566. It has experienced moderate population growth at 10% over the past decade-and-a-half.
Grand Junction is a major mountain biking destination because of its abundant single-track trails. The close proximity of Country Jam Ranch also means it's a draw for country music fans.
Grand Junction's cost of living is right at national average. Housing, healthcare, transportation, and groceries contribute to this with slightly higher than average costs, while utilities counter-balance it by costing 6 percent less than the rest of the country. The median home price in Grand Junction is $173,900, very similar to the national price of $170,100. A cheap rental market means a one-bedroom apartment rents for $603 on average in Grand Junction, while it costs about $765 throughout the rest of the country.
Glenwood Springs is a little over an hour's drive from Grand Junction. In addition to being "The Most Fun Town in America" according to Rand McNally, jobs in Glenwood Springs are expected to grow over the next decade at a slightly faster rate than Grand Junction jobs.
Grand Junction Job Opportunities
Traditionally, Grand Junction, CO jobs were in farming, fruit growing, and cattle raising. Fruit orchards continue to be a staple of the economy, growing a variety of produce that includes pears, apricots, cherries, and wine grapes. Since the town has become a stop for outdoor enthusiasts, retail stores have flourished.
The oil industry was quite prosperous in the 70s and 80s, but it was abandoned when it became too costly to drill and oil prices plummeted. With today's oil prices soaring and mining technology increasing, this may soon change, and lucrative energy jobs in Grand Junction, CO may return.
Jobs in Grand Junction seem to be turning around as the unemployment rate continues to decrease. It has a broad-based economy with many jobs in education, retail, and healthcare. The move away from the energy industry as being the town's major source of revenue will place Grand Junction in a much more stable position in the future.
Grand Junction Employment Trends
The unemployment rate in Grand Junction hovers around 7.1 percent, slightly higher than the national average of 6.3 percent, but it has been continually falling since it reached its peak of 13.1 percent in January of 2011. Its mining/logging/construction industry has seen the most growth for Grand Junction jobs over the past 12 months, followed by leisure and hospitality.
Grand Junction's economy suffered some setbacks during the recession, but it is coming back as it broadens its employment industries to embrace the healthcare, tourism, agriculture, and livestock industries.