Derrick Operators, Oil and Gas Salary in Colorado
Official Bureau of Labor Statistics Data - May 2024 - CO
Median Annual Salary in Colorado
$58,396
$28.08 / hour
▲ 8.0% above national avg
National Median
$54,070
$26.00 / hour nationally
COL-Adjusted Purchasing Power
$53,330
Missouri equivalent (COL: 109.5)
Derrick Operators, Oil and Gas Salary in Colorado
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $30,950 |
| 25th Percentile | $42,045 |
| 50th (Median) | $58,396 |
| 75th Percentile | $80,586 |
| 90th (Top Earners) | $100,441 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The Colorado median salary of $58,396 for Derrick Operators, Oil and Gas has the purchasing power of approximately $53,330 in Missouri (the COL baseline state with index 100).
Colorado's higher cost of living (COL index: 109.5) reduces the real purchasing power of wages compared to lower-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Derrick Operators, Oil and Gas make in Colorado?
Derrick Operators, Oil and Gas in Colorado earn a median annual salary of $58,396 per year ($28.08/hr) according to BLS OEWS data (May 2024). This is above the national median of $54,070.
Is Colorado a good state for Derrick Operators, Oil and Gas?
Colorado pays above the national average for derrick operators, oil and gas, making it a competitive market for this occupation. Cost of living in Colorado is higher average (COL index: 109.5).
What is the cost-of-living adjusted salary for Derrick Operators, Oil and Gas in Colorado?
After adjusting for cost of living (COL index: 109.5 vs. Missouri baseline of 100), the $58,396 salary in Colorado has the purchasing power of approximately $53,330 in Missouri. Higher living costs in Colorado reduce real purchasing power.
How does Colorado compare to neighboring states for Derrick Operators, Oil and Gas salaries?
For detailed comparison across all states, see the full Derrick Operators, Oil and Gas salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in Colorado
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $358,776 |
| 2 | Radiologists | $334,714 |
| 3 | Orthopedic Surgeons, Except Pediatric | $330,718 |
| 4 | Neurologists | $319,248 |
| 5 | Surgeons, All Other | $318,082 |
| 6 | Ophthalmologists, Except Pediatric | $293,630 |
| 7 | Psychiatrists | $269,782 |
| 8 | Physicians, Pathologists | $263,434 |
| Source: BLS OEWS May 2024 | ||
About Derrick Operators, Oil and Gas in Colorado
Derrick Operators, Oil and Gas work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the construction trades sector of the U.S. economy.
Education Required: High school diploma