Trinidad, CO is a small town in the Southeastern corner of Colorado with a population of around 9,000 people. Despite its size, the town offers plenty of opportunities for residents in terms of both employment and entertainment. There is a vibrant business community that includes local companies such as Trinidad Recreation Center and Trinidad State Junior College. The cost of living in Trinidad is quite low when compared to other parts of the country. For instance, rent for two-bedroom apartments averages at $1,000 while it costs $1,430 on average throughout the United States. Grocery costs are also low with an index score of 100 compared to 100 across the nation. All these factors make Trinidad an attractive option for many people looking to save money while still enjoying a high quality of life.
Trinidad has an unemployment rate of 8.9%. The US average is 6.0%.
Trinidad has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 39.8%, which is higher than the US average of 33.5%.
Tax Rates for Trinidad
- The Sales Tax Rate for Trinidad is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Trinidad 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 Trinidad
- The average income of a Trinidad resident is $22,761 a year. The US average is $28,555 a year.
- The Median household income of a Trinidad resident is $40,746 a year. The US average is $69,021 a year.