Applewood, CO is an idyllic suburb situated close to the city of Denver. The community is known for its affordable housing, with two bedroom apartment rentals averaging $1,690 per month compared to the national average of $1,430. Groceries in Applewood are also reasonably priced due to the fact that the grocery cost index is 104 compared to the national average of 100. The area boasts plenty of local amenities such as shops and restaurants, many of which are family-owned businesses like Marczyk Fine Foods and Mrs. D's Café. There are also several large corporations located in Applewood such as Loveland Products and Knudson Manufacturing Inc., making it a great place for both families and young professionals alike.
Applewood has an unemployment rate of 6.3%. The US average is 6.0%.
Applewood has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 44.3%, which is higher than the US average of 33.5%.
Tax Rates for Applewood
- The Sales Tax Rate for Applewood is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Applewood 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 Applewood
- The average income of a Applewood resident is $64,003 a year. The US average is $37,638 a year.
- The Median household income of a Applewood resident is $115,330 a year. The US average is $69,021 a year.