Ridgway, CO is a great place to live with affordable housing options and a lower cost of living. The average rent for a two-bedroom apartment is $1,420 compared to the national average of $1,430. Grocery costs are also significantly lower with an index of 107 versus 100 in the US. This makes Ridgway an attractive option for people looking to move or relocate while still keeping expenses low. The town is home to many local businesses such as the Ridgway Town Market, True Value Hardware Store, and Quality Automotive Services. With competitive prices and excellent customer service, these businesses provide quality products and services that locals have come to rely on.
Ridgway has an unemployment rate of 6.3%. The US average is 6.0%.
Ridgway has seen the job market increase by 5.8% over the last year. Future job growth over the next ten years is predicted to be 53.3%, which is higher than the US average of 33.5%.
Tax Rates for Ridgway
- The Sales Tax Rate for Ridgway is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Ridgway 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 Ridgway
- The average income of a Ridgway resident is $29,939 a year. The US average is $28,555 a year.
- The Median household income of a Ridgway resident is $63,750 a year. The US average is $69,021 a year.