Cheyenne Wells, CO Economy

Cheyenne Wells, CO is a small town located in Cheyenne County. The town features many local businesses such as the Cheyenne Wells Grocery Store, a movie theater, and a variety of restaurants. The cost of living in Cheyenne Wells is considerably lower than the US average; for example, 2 bedroom rent is $820 while the US average is $1,430 and the Grocery Cost Index in Cheyenne Wells is 98 versus 100 in the US. This makes it an attractive place for those looking to make their money stretch farther.

Cheyenne Wells has an unemployment rate of 4.2%. The US average is 6.0%.

Cheyenne Wells has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 66.1%, which is higher than the US average of 33.5%.

Tax Rates for Cheyenne Wells
- The Sales Tax Rate for Cheyenne Wells is 2.9%. The US average is 7.3%.
- The Income Tax Rate for Cheyenne Wells 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 Cheyenne Wells
- The average income of a Cheyenne Wells resident is $22,517 a year. The US average is $28,555 a year.
- The Median household income of a Cheyenne Wells resident is $53,929 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Cheyenne Wells, Colorado	United States
	4.2	6
	-3.9%	-6.2%
	66.1%	33.5%
	4.9%	6.2%
	4.6%	4.6%
	$32,603	$37,638
	$53,929	$69,021
	$75,400	$85,028
Population by Occupation
	19.2%	1.2%
	7.3%	0.5%
	6.1%	6.8%
	0.0%	10.0%
	4.9%	2.5%
	3.5%	11.0%
	3.3%	4.8%
	4.9%	0.8%
	1.4%	1.9%
	5.2%	4.7%
	0.7%	1.9%
	3.7%	7.6%
	0.0%	0.1%
	10.3%	4.2%
	8.4%	9.3%
	12.4%	14.0%
	0.7%	2.1%
	0.9%	7.0%
	0.7%	4.8%
	6.3%	4.7%