Limon, Colorado is a small city located in eastern Colorado with a population of 2,071 people. It is known for its rural charm and friendly communities. The cost of living in Limon is lower than the national average, with two-bedroom rent costing an average of $1,610 compared to the U.S. average of $1,430. Groceries also cost less in Limon with a grocery cost index of 97 compared to the U.S. average of 100.
Limon's economy consists primarily of small businesses such as farms and ranches, restaurants, banks and stores like Family Dollar and Dollar General located in town. There are several transportation companies found in Limon including limousine services like Star Mountain Transportation and trucking companies like Dan's Trucking & Excavating Inc. Industrial services such as RMC Consulting Incorporated also operate out of Limon to serve local customers across Northern Colorado and Southern Wyoming.
Limon has an unemployment rate of 6.0%. The US average is 6.0%.
Limon has seen the job market increase by 4.6% over the last year. Future job growth over the next ten years is predicted to be 61.3%, which is higher than the US average of 33.5%.
Tax Rates for Limon
- The Sales Tax Rate for Limon is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Limon 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 Limon
- The average income of a Limon resident is $22,459 a year. The US average is $28,555 a year.
- The Median household income of a Limon resident is $40,792 a year. The US average is $69,021 a year.