Highlands Ranch, CO is a popular residential area located in South Denver known for its expansive parks, trails, and recreational activities. This well-developed town offers plenty of employment opportunities with companies such as Lockheed Martin, King Soopers, and 24 Hour Fitness providing most of the jobs in the area. The cost of living in Highlands Ranch is slightly higher than the US average with 2 bedroom rent averaging at $2,480 per month compared to $1,430 nationally and a grocery cost index of 103 versus 100 on the national level. Despite this slight difference in cost prices, Highlands Ranch remains a desirable place to live due to its year-round access to outdoor activities and healthy job market.
Highlands Ranch has an unemployment rate of 5.4%. The US average is 6.0%.
Highlands Ranch 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 46.4%, which is higher than the US average of 33.5%.
Tax Rates for Highlands Ranch
- The Sales Tax Rate for Highlands Ranch is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Highlands Ranch 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 Highlands Ranch
- The average income of a Highlands Ranch resident is $45,398 a year. The US average is $28,555 a year.
- The Median household income of a Highlands Ranch resident is $134,041 a year. The US average is $69,021 a year.