Severance, CO is a small town located in Weld County. It is known for its beautiful views and outdoor activities. This charming community is home to many local businesses such as Severance Market, Severance Lumber Co., Severance Automotive Center and AAA Colorado. With a grocery cost index at 100 compared to the US average of 100, residents enjoy reasonable prices for their groceries. Median 2 bedroom rent in Severance, CO is slightly higher than the US at $1,520 versus $1,430 per month.
Severance has an unemployment rate of 6.9%. The US average is 6.0%.
Severance has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 50.1%, which is higher than the US average of 33.5%.
Tax Rates for Severance
- The Sales Tax Rate for Severance is 5.9%. The US average is 7.3%.
- The Income Tax Rate for Severance 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 Severance
- The average income of a Severance resident is $34,058 a year. The US average is $28,555 a year.
- The Median household income of a Severance resident is $111,055 a year. The US average is $69,021 a year.