When it comes to becoming a bail bondsman or bounty hunter in the state of Colorado, there are fewer provisions when compared with the rest of the US. Fewer provisions means it is much easier to enter the field of bounty hunting or bail bond recovery, but that is not a guarantee as far as securing a job goes.
According to the United States Bureau of Labor Statistics, bounty hunting and bail bondsman fall under the category of private detectives and investigators. The career category is projected to grow by 21 percent over the next decade, which is faster than the average career field.
In the state of Colorado, a bail bondsman makes an average of $21,000 per year, but that can fluctuate depending on the location and surrounding population. This, of course, does not include the bond percentage that salaried employees are often entitled to. Bail bonds company owners typically earn several times this amount, as they collect no less than 10% of every bond they issue.
Bounty hunters in Colorado make an average annual salary of $42,000, which can also fluctuate depending on the number of bounties the person is able to bring in, as a bounty hunters salary is entirely dependant on percentages made from each capture rather than a traditional hourly wage.
Bounty Hunter Salary in Colorado
Bounty hunters tend to operate wherever they are needed, but yearly earnings tend to be higher in the more populated areas of the state. The following are the average yearly earnings for bounty hunters in the largest metropolitan areas in the state, as provided by Indeed.com, which aggregates salaries based on survey data and job postings:
- Denver: $43,000 a year
- Colorado Springs: $36,000 a year
- Aurora: $43,000 a year
- Boulder: $42,000 a year
- Lakewood: $43,000 a year
Bail Bondsman Salary in Colorado
The following are the average salaries for bail bondsman in the largest cities in the state:
- Denver: $21,000 a year
- Colorado Springs: $18,000 a year
- Aurora: $21,000 a year
- Boulder: $21,000 a year
- Lakewood: $21,000 a year