A shortage of construction workers in Denver means it’s a job seekers market, according to a report released in April by IPP Magazine.
The report ranked the 49 most highly populated metros for the report, based on the number of building permits authorized, how many workers were employed for each permit, average salary for each worker and the cost of living in those areas.
“As we enter a post-COVID world, it’s worth examining which cities are poised for explosive growth in residential markets—and where construction workers are in demand and paid a respectable wage,” Tommy O’Shaughnessy, owner of IPP Magazine, wrote in the report.
Texas and Southern states led the list, thanks to relatively low living costs. Denver’s appearance at No. 14 is a result of its low worker-to-permit ratio.
“Denver, like many cities, is struggling to keep up with homebuyer demand. We found there are only six construction laborers for every new building permit, according to BLS data. Many construction companies rely on outsourced/out-of-state laborers to satisfy project demands,” O’Shaughnessy said.
Denver issued 1,784 building permits in the first quarter, according to the report, with only 10,590 workers to join those projects. The average salary for a construction worker in the Mile High City is $38,630, while the cost of living is a little above average, with an index scale of 103.
The top 10 cities for construction workers are as follows: