Lamar, CO is a great place to live with many opportunities for work and leisure. Located in the southeastern corner of Colorado, Lamar offers the charm of a small town with the convenience of larger cities nearby. Popular companies in Lamar include 4 Corners Feeds & Farm Supply, Ryals Auction Company and Grand Valley State Bank. As for amenities, there are many places to explore such as Historic Downtown Lamar shops and eateries, outdoor activities at John Martin Reservoir State Park or enjoy time outdoors at one of the local parks or golf courses. With an average rent of $900 for two bedroom houses and a grocery cost index that is 98 compared to the US average of 100, living in Lamar is very affordable.
Lamar has an unemployment rate of 5.7%. The US average is 6.0%.
Lamar has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 49.3%, which is higher than the US average of 33.5%.
Tax Rates for Lamar
- The Sales Tax Rate for Lamar is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lamar 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 Lamar
- The average income of a Lamar resident is $23,018 a year. The US average is $37,638 a year.
- The Median household income of a Lamar resident is $43,764 a year. The US average is $69,021 a year.