Vail, CO is an incredibly beautiful ski resort destination located in central Colorado. It is renowned for its picturesque views of the Rocky Mountains and its world-class skiing and snowboarding. The town is filled with outdoor activities such as hiking, mountain biking, and horseback riding, as well as a variety of restaurants, shops, and other attractions. The cost of living in Vail is significantly higher than the US average due to the 2 bedroom rent being $5,100 compared to $1,430 nationally. Additionally, the grocery cost index in Vail is 110 versus 100 in the US. As a result of its higher costs it has become a popular destination for wealthy visitors who can afford to take advantage of all that Vail has to offer. Some local companies include Elan by Vail Resorts and Gorsuch LTD., while attractions include the Betty Ford Alpine Garden and Adventure Ridge at Vail Mountain. Additionally there are many restaurants, art galleries, golf courses, spas and recreation centers for visitors to enjoy.
Vail has an unemployment rate of 5.1%. The US average is 6.0%.
Vail has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 48.5%, which is higher than the US average of 33.5%.
Tax Rates for Vail
- The Sales Tax Rate for Vail is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Vail 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 Vail
- The average income of a Vail resident is $56,890 a year. The US average is $28,555 a year.
- The Median household income of a Vail resident is $100,417 a year. The US average is $69,021 a year.