US News and World Report ranked Colorado as having the best economy in the country in early 2017, and Lt. Governor Donna Lynne cited the state’s “vibrant growth” as being a key factor for this prestigious rating.
The legal industry benefits greatly from this growth with the increase in the number of jobs for paralegals expected to be almost four times the national average according to the Colorado Department of Labor and Employment. The Department predicts an astounding growth rate of 30.07% between 2014 and 2024.
The US Bureau of Labor Statistics reported that Colorado’s paralegals earned an average salary of $54,240 with those in the top 10% earning $84,080 on average as of 2016.
Paralegal Salaries in Colorado’s Major Cities
The average salaries for paralegals in the Denver and Boulder areas exceeded the state average. However, average salaries in all of Colorado’s cities were respectable, exceeding $41,000 annually. Experienced paralegals in the top 10% earned salaries that were as much as $35,000 above the average in their location.
Denver’s experienced paralegals earned by far the highest average salary. The city offers a variety of options for experienced legal professionals in corporate law since the regional economy has four supersectors that rely on in-house legal staff. They range from finance and natural resources/construction to education/health services and leisure/hospitality. Such a variety of industries increase the likelihood that paralegals will be able to practice in their specialty.
- Average – $54,260 ($26.09 hourly)
- Top 10% – $79,950 ($38.44 hourly)
- Average – $49,830 ($23.96 hourly)
- Top 10% – $75,150 ($36.13 hourly)
- Average – $55,600 ($26.73 hourly)
- Top 10% – $86,850 ($41.75 hourly)
- Average – $52,450 ($25.22 hourly)
- Top 10% – $75,730 ($36.41 hourly)
- Average – $42,580 ($20.47 hourly)
- Top 10% – $51,180 ($24.61 hourly)
- Average – $44,380 ($21.34 hourly)
- Top 10% – $72,540 ($34.88 hourly)
- Average – $41,110 ($19.76 hourly)
- Top 10% – $60,970 ($29.31 hourly)
Salary and employment data from the United States Department of Labor’s Bureau of Labor Statistics, May 2016.