Cottonwood, AZ is a small city located in the Verde Valley region of Arizona. It is home to several local businesses and amenities that provide great value to residents. The cost of rent for two bedroom apartments in Cottonwood is currently $1,250 per month, which is significantly lower than the US average of $1,430 per month. Additionally, the Grocery Cost Index in Cottonwood stands at 97 compared to 100 for the rest of the US. This means that grocery items are 3% cheaper in Cottonwood than the US average. Some popular local companies in Cottonwood include Verde Valley Medical Center, Clear Creek Marketplace, and Cuppers Coffee & Tea House. With its nearby attractions such as Tuzigoot National Monument and Dead Horse Ranch State Park, cottonwood provides an enjoyable environment for both locals and visitors alike.
Cottonwood has an unemployment rate of 5.6%. The US average is 6.0%.
Cottonwood has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 44.1%, which is higher than the US average of 33.5%.
Tax Rates for Cottonwood
- The Sales Tax Rate for Cottonwood is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Cottonwood is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cottonwood
- The average income of a Cottonwood resident is $19,581 a year. The US average is $28,555 a year.
- The Median household income of a Cottonwood resident is $39,437 a year. The US average is $69,021 a year.