Aspen, CO is a popular tourist destination known for its mountainous terrain and luxurious lifestyle. Apartments for rent in Aspen are significantly higher than the national average, with a two bedroom apartment costing about $5,820 compared to the US average of $1,430. The grocery cost index is also higher than the US, 119 versus 100 respectively. Despite the high costs of living, many people are willing to move to Aspen for the breathtaking scenery and array of outdoor activities it offers. Local companies include hospitality companies such as Roaring Fork Hospitality Group and The Little Nell, as well as tourism agencies like Explore Aspen and Aspen Snowmass. There are also plenty of galleries, restaurants and shopping experiences that add to the unique atmosphere of this Colorado destination.
Aspen has an unemployment rate of 5.9%. The US average is 6.0%.
Aspen has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Aspen
- The Sales Tax Rate for Aspen is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Aspen 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 Aspen
- The average income of a Aspen resident is $67,885 a year. The US average is $28,555 a year.
- The Median household income of a Aspen resident is $89,625 a year. The US average is $69,021 a year.