Simla, CO is a great place to live with plenty of amenities. The median rent for a two bedroom apartment is $1,220 which makes it much more affordable than the national median of $1,430. Grocery costs are well below the US index at 97 versus 100 in the US. Simla has several local companies, including Abacus Electric, Micro Solutions Inc., and Creative Design Solutions. With lower rent payments and grocery costs combined with plenty of local businesses, Simla offers an excellent cost of living for those looking to move or start a business.
Simla has an unemployment rate of 4.8%. The US average is 6.0%.
Simla has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 50.8%, which is higher than the US average of 33.5%.
Tax Rates for Simla
- The Sales Tax Rate for Simla is 3.9%. The US average is 7.3%.
- The Income Tax Rate for Simla 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 Simla
- The average income of a Simla resident is $21,567 a year. The US average is $28,555 a year.
- The Median household income of a Simla resident is $40,000 a year. The US average is $69,021 a year.