Alma, Colorado, a small town nestled in Park County, has experienced notable economic developments in recent years. With a population of approximately 316 residents, Alma’s economy is primarily driven by a few key industries.
Key Industries and Employment
The construction sector stands out as the largest employer in Alma, engaging 73 individuals. This is followed by the manufacturing industry, which employs 59 people, and the accommodation and food services sector, providing jobs for 30 residents. Notably, the construction industry offers the highest average annual salary at $100,871, reflecting its significant role in the local economy.
From 2023 to 2024, employment in Alma grew by 63.3%, increasing from 158 to 258 employees. The most common occupations among residents include construction and extraction roles, transportation positions, and installation, maintenance, and repair jobs.
Housing Market Trends
The housing market in Alma has seen dynamic changes. As of March 2026, the median listing price for homes was $684,000, marking a 6.17% decrease year-over-year but a 9.44% increase month-over-month. The median days on the market for homes stood at 76, indicating a buyer’s market where supply exceeds demand.
In terms of affordability, the typical home price in Alma was $609,055 as of April 2026. With a median household income of $73,336, the housing cost burden remains a consideration for many residents.
Community and Lifestyle
Beyond its economic aspects, Alma offers a unique lifestyle. As the highest town in the United States, situated over 10,500 feet in the Rocky Mountains, it attracts outdoor enthusiasts with activities like fishing, hiking, and skiing. The town’s Main Street features local businesses such as the Al-Mart General Store and Bristlecone Bake Shop, contributing to its small-town charm.
In summary, Alma’s economy is characterized by a strong construction industry, a growing employment rate, and a dynamic housing market. These factors, combined with its unique geographical setting, make Alma a distinctive place to live and work.