Fort Garland, CO is a small town located in Costilla County with an estimated population of 556 according to the 2010 US Census. The average rent for a two-bedroom apartment in Fort Garland is $840, which is much lower than the national average rent of $1,430. Additionally, the cost of groceries in Fort Garland is on par with the national index at 100. This makes it an affordable place to live - perfect for those looking to move away from expensive city living.
The town's economy is mainly based around agriculture and there are some local companies such as Costilla Valley Farms, Green Earth Produce LLC., JK Hay Farms Inc., and Red Willow Farm that provide produce and other goods to surrounding communities. All in all, Fort Garland offers low rent prices and grocery costs comparable to those found across the United States – making it an attractive option for those seeking a more wallet-friendly lifestyle.
Fort Garland has an unemployment rate of 7.5%. The US average is 6.0%.
Fort Garland has seen the job market increase by 4.7% over the last year. Future job growth over the next ten years is predicted to be 67.6%, which is higher than the US average of 33.5%.
Tax Rates for Fort Garland
- The Sales Tax Rate for Fort Garland is 3.9%. The US average is 7.3%.
- The Income Tax Rate for Fort Garland 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 Fort Garland
- The average income of a Fort Garland resident is $19,405 a year. The US average is $28,555 a year.
- The Median household income of a Fort Garland resident is $39,625 a year. The US average is $69,021 a year.