Estimating the Economic Boost of Marriage for Same-Sex Couples in Colorado
By Lee Badgett, Christy Mallory
Extending marriage to same-sex couples in Colorado would generate $50 million in spending to the state and local economy. According to the 2010 U.S. Census, 12,424 same-sex couples live in Colorado. Of those couples, the Institute estimates that 50% (6,212 couples) would choose to marry in the first three years, a pattern that has been observed in Massachusetts and elsewhere. Of the couples that will marry, 64% of those marriages will occur during the first year, 21% in the second year and 15% in the third years. The report also takes into account the couples who have already celebrated their marriage elsewhere and the estimated 3,976 Colorado resident couples who have already entered into civil unions. If those couples marry without ceremonies, the economic impact will be smaller, or $32 million.