Ignacio, CO is an ideal place to live for those looking for affordability and convenience. The city has a two bedroom rent average of $1,170 compared to the US average of $1,430, making it an attractive place to rent. Additionally, the cost of groceries relative to the local market index is 4% lower than the national average. Several economic hubs have sprung up in Ignacio that has helped drive growth for businesses like Palo Llano Trading Company and Kachina Convenience Store. All in all, Ignacio provides a great value proposition for those seeking a reasonably priced yet prosperous area to call home.
Ignacio has an unemployment rate of 6.5%. The US average is 6.0%.
Ignacio has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 43.2%, which is higher than the US average of 33.5%.
Tax Rates for Ignacio
- The Sales Tax Rate for Ignacio is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Ignacio is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ignacio
- The average income of a Ignacio resident is $23,647 a year. The US average is $28,555 a year.
- The Median household income of a Ignacio resident is $58,450 a year. The US average is $69,021 a year.