Denver, Colorado (80238) is an ideal place to live with its affordable two bedroom rent of $2,410 compared to the US average of $1,430. It also has a grocery cost index of 105 versus the US average of 100. The city features numerous local companies and businesses that contribute to its economic health such as Denver International Airport, the University of Colorado and the Coors Brewing Company. Additionally, Denver is home to numerous start-up companies which are helping fuel the local economy and stimulating job growth within the area. Denver also boasts a strong financial sector with large international banks having offices in downtown Denver and other major financial institutions located throughout the city. In terms of economic indicators, unemployment in Denver remains relatively low at 4.7% as of April 2021 with employment increasing by 5.7% over the past year due to job growth in several sectors including leisure & hospitality and professional & business services.
Denver (zip 80238) has an unemployment rate of 7.1%. The US average is 6.0%.
Denver (zip 80238) 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 45.0%, which is higher than the US average of 33.5%.
Tax Rates for Denver (zip 80238)
- The Sales Tax Rate for Denver (zip 80238) is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Denver (zip 80238) is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Denver (zip 80238)
- The average income of a Denver (zip 80238) resident is $54,588 a year. The US average is $28,555 a year.
- The Median household income of a Denver (zip 80238) resident is $144,885 a year. The US average is $69,021 a year.