Estimating the Economic Boost of Marriage for Same-Sex Couples in Colorado

CO-census-mapBy Lee Badgett, Christy Mallory
April 2014

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.

Click here for the full report.

Click here for the press release.

 

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