Zip 80835 (Simla, CO) Economy


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Simla, Colorado (zip code 80835) is a small town located in Elbert County. It is home to just over 500 people and is known for its rural charm. The median rent for a 2 bedroom apartment in Simla is $1,170, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Simla is 97 versus 100 in the US, making it easy to make ends meet.
The area offers many different recreational activities including hunting, fishing and hiking in the nearby mountains. There are also several local businesses such as Jim's Auto Repair, the Simla Country Store and High Plains Cafe & Catering that provide amenities for locals and visitors alike. Overall, Simla is an ideal place to live for anyone looking to enjoy a laid-back lifestyle without having to sacrifice access to modern conveniences.

Simla (zip 80835) has an unemployment rate of 4.8%. The US average is 6.0%.

Simla (zip 80835) 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 (zip 80835)
- The Sales Tax Rate for Simla (zip 80835) is 3.9%. The US average is 7.3%.
- The Income Tax Rate for Simla (zip 80835) 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 (zip 80835)
- The average income of a Simla (zip 80835) resident is $25,420 a year. The US average is $28,555 a year.
- The Median household income of a Simla (zip 80835) resident is $54,063 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySimla, ColoradoUnited States
  4.86
  -4.9%-6.2%
  50.8%33.5%
  3.9%6.2%
  4.6%4.6%
  $42,344$37,638
  $54,063$69,021
  $66,875$85,028
  Population by Occupation
  4.2%1.2%
  2.4%0.5%
  11.1%6.8%
  2.4%10.0%
  0.0%2.5%
  14.1%11.0%
  5.4%4.8%
  0.0%0.8%
  2.4%1.9%
  4.2%4.7%
  0.6%1.9%
  2.4%7.6%
  0.0%0.1%
  1.5%4.2%
  5.7%9.3%
  18.6%14.0%
  0.0%2.1%
  5.1%7.0%
  11.4%4.8%
  8.7%4.7%
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