Arvada, Colorado is a popular suburban city located just northwest of Denver. It is home to a population of over 110,000 people and is known for its lively downtown area which hosts a variety of restaurants, bars, shops, and entertainment venues. The average 2 bedroom rent in Arvada is $2,730 per month compared to the national average of $1,430. Additionally, the grocery cost index in Arvada is 105 versus 100 in the US. This means that grocery prices are slightly higher than the national average here.
The local economy in Arvada has been booming recently due to businesses such as Lockheed Martin Space Systems Company and Ball Aerospace who hire many engineers and technicians at generous salaries. Other large employers include UCHealth Longs Peak Hospital which provides jobs for nurses and medical personnel, First Bank which offers entry-level finance positions with competitive wages, and Christian Living Communities which hires staff members that make an average salary above the national median. With so many companies located here offering excellent opportunities for employment it’s no wonder why Arvada remains a popular place to live in Colorado.
Arvada (zip 80007) has an unemployment rate of 6.5%. The US average is 6.0%.
Arvada (zip 80007) has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 45.8%, which is higher than the US average of 33.5%.
Tax Rates for Arvada (zip 80007)
- The Sales Tax Rate for Arvada (zip 80007) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Arvada (zip 80007) 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 Arvada (zip 80007)
- The average income of a Arvada (zip 80007) resident is $54,385 a year. The US average is $28,555 a year.
- The Median household income of a Arvada (zip 80007) resident is $146,796 a year. The US average is $69,021 a year.