Cañon City, CO is a picturesque city located in Fremont County. It has a population of 16,044 according to the most recent census data. The median rent for a 2 bedroom apartment here is $1,030 per month, significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index (100 being average) is 101 meaning that groceries are slightly more expensive than in the rest of the country on average.
The economy in Cañon City revolves around retail establishments such as Walmart Supercenter and Safeway; gas stations like Kum & Go and Maverik; car dealerships like Phil Long Ford; furniture stores like Rammelsberg Furniture; and other local companies such as Colorado Corrections Industries and Canon National Bank.
Overall, Cañon City has a very affordable cost of living with rent almost 25% below the US average and only modestly higher grocery costs. This makes it an appealing place to live for families or individuals looking for an inexpensive yet beautiful place to call home.
Canon City (zip 81212) has an unemployment rate of 8.4%. The US average is 6.0%.
Canon City (zip 81212) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Canon City (zip 81212)
- The Sales Tax Rate for Canon City (zip 81212) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Canon City (zip 81212) 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 Canon City (zip 81212)
- The average income of a Canon City (zip 81212) resident is $18,908 a year. The US average is $28,555 a year.
- The Median household income of a Canon City (zip 81212) resident is $54,818 a year. The US average is $69,021 a year.