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Immigrants and the economy in:

Colorado Springs Metro Area

  • Immigrant Residents

    46,789
  • Immigrant Share of Population

    6.7%
  • Immigrant Taxes Paid

    $331.1M
  • Immigrant Spending Power

    $1.0B
  • Immigrant Entrepreneurs

    3,439

Demographics

In the United States, immigrants are more likely to be working-age than their U.S.-born counterparts. This is true as well for every metro area featured in Map the Impact. This means immigrants are more likely to be active in the labor force, allowing them to contribute to the economy not only as consumers but also as taxpayers, helping fund social services and programs like Medicare and Social Security.

Age Group Foreign-Born Population Share U.S.-Born Population Share
0-15 5.1% 23.2%
16-64 78.5% 65.1%
65+ 16.3% 11.7%

Workforce

The growth in the immigrant population has helped to strengthen America’s labor force. As baby boomers retire, younger immigrants are filling critical gaps in the market. Nationally, immigrants are more likely to hold an advanced degree than the U.S.-born. They are also more likely to have less than a high school education. In many cities across the country, their unique educational profile allows immigrants to fill labor shortages at both ends of the skill spectrum, from high-tech fields to more manual sectors like construction or food service.

Educational Attainment by Nativity, Age 25+
Workforce Education Foreign-Born Population U.S.-Born Population
Less Than High School 22.7% 4.5%
High School & Some College 48.3% 57.4%
Bachelor's Degree 17.6% 23.3%
Graduate Degree 11.5% 14.8%
Top Industries with Highest Share of Foreign-Born Workers
16.7% Construction
12.8% Manufacturing
12.1% Administrative Support
9.8% General Services
8.2% Health Care and Social Assistance

Voting Power

As more immigrants naturalize and become eligible to vote, they continue to gain power at the voting booth. The number of immigrant voters is only projected to rise in the next decade, but already in some states and cities, foreign-born voters are already capable of deciding the outcome of local elections.

Immigrants Eligible to Vote 22,777

Home Ownership

Immigrant families have long played an important role helping to build housing wealth in the United States. In recent decades, the more than 40 million immigrants collectively in the country increased U.S. housing wealth by $3.7 trillion. Much of this was possible because immigrants moved into neighborhoods once in decline, helping to revitalize communities and make them more attractive to U.S.-born residents.

Immigrant Homeowners 11,149

Taxes & Spending Power

Nationwide, immigrant households contribute hundreds of billions of dollars in federal income, state, and local taxes nationwide and hold a tremendous amount of spending power. This gives them significant economic clout, even at a local level, where they help support local communities as consumers and taxpayers.

Immigrant Household Income $1.4B
Taxes Paid $331.1M
State & Local Taxes $99.8M
Federal Taxes $231.4M
Total Spending Power $1.0B

Entrepreneurship

It is hard to overstate the importance of entrepreneurship since new businesses are the main driver of job growth in the United States. Immigrants play a particularly important role in this—founding businesses at far higher rates than the U.S. population overall. Their knack for starting businesses is an important source of new job creation in cities across the country.

How many immigrant entrepreneurs reside in this metro area? 3,439
How much more likely are immigrant residents to be entrepreneurs than U.S.-born residents? 38.8%

About NAE

New American Economy is a bipartisan research and advocacy organization fighting for smart federal, state, and local immigration policies that help grow our economy and create jobs for all Americans. More…