Is Becoming a Millwrights Worth It in Colorado? ROI Analysis
A data-driven look at the costs, earnings, and return on investment of a millwrights career in Colorado — compared to a 4-year college degree.
Millwrights in Colorado
ROI Analysis
Payback Period
$0
out of pocket
ExcellentApprenticeship Available — Earn While You Learn
Millwrights apprentices earn ~$190,384 during 4 years of training with $0 tuition.
Training Cost Breakdown
Training Cost
FREE
Training Time
4 years
Debt
$0
Payback
Instant
Typical path: UBC Millwright apprenticeship; strong mechanical aptitude required
Millwrights vs. College Degree
Training Cost
Average Debt
Time to First Paycheck
Cumulative Earnings Over 30 Years
Millwrights vs. 4-year college degree (2.5% annual raises)
Millwrightss start earning 0.5 years sooner
By the time a college graduate starts working, a millwrights has already earned $266,234. After 25 years, the trade path nets $2,379,631 vs. $1,359,148 for a college degree — a clear financial advantage.
Debt Advantage
$37,088
less debt
Head Start
0.5 years
earning sooner
25-Year Trade
$2.4M
cumulative
25-Year College
$1.4M
cumulative
Salary Details in Colorado
Millwrights Salary Distribution in Colorado
Annual wages by percentile
Salary by Percentile
Annual salary distribution from entry-level to top earners
Purchasing Power in Colorado
Nominal Salary
$75,850
COL-Adjusted
$79,674
RPP: 95.2
Monthly Take-Home
$4,849
after taxes
After Housing
$3,162
rent: $1,687/mo
Employment Outlook
10-Year Growth
Annual Openings
5,500
Current Employment
50,200
Education: High school diploma or equivalent · Training: Apprenticeship
Colorado Economy
Median Income
$93,750
Median Home
$400,000
Unemployment
3.7%
Bachelor's Rate
33.7%
Frequently Asked Questions
Frequently Asked Questions
Related ROI Analyses
Other trades in Colorado
Millwrights in other states
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