Towaoc, Colorado is a small rural town located in Montezuma County. It is home to the Ute Mountain Tribe and surrounded by stunning natural beauty. Despite its small size, there are a few local companies such as Towaoc Trading Post and Blanco Liquor Store. The cost of living in Towaoc is quite affordable with rent for a two bedroom being $1,110 compared to the US average of $1,430. The grocery cost index in Towaoc is 99 versus 100 in the US. All in all, Towaoc makes an ideal location to live for those looking for a quiet, inexpensive place to call home.
Towaoc has an unemployment rate of 7.4%. The US average is 6.0%.
Towaoc has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 42.7%, which is higher than the US average of 33.5%.
Tax Rates for Towaoc
- The Sales Tax Rate for Towaoc is 3.3%. The US average is 7.3%.
- The Income Tax Rate for Towaoc 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 Towaoc
- The average income of a Towaoc resident is $12,374 a year. The US average is $28,555 a year.
- The Median household income of a Towaoc resident is $31,786 a year. The US average is $69,021 a year.