Penrose, CO is a small rural town located in the central part of the state. The cost of living in Penrose is quite affordable; rental costs for a two bedroom apartment are on average $1,080 per month and grocery costs are slightly higher than the US average at 102 percent of the index. While Penrose may be considered a small town, there are still plenty of local companies and attractions to explore. Notable businesses include C&N Market Grocery Store, Buffalo Cafe, and Tumbleweed Tire & Auto Service. For entertainment, visitors can take in the breathtaking views from Red Mountain Park or take a stroll around Lake Beckwith Nature Preserve.
Penrose has an unemployment rate of 8.4%. The US average is 6.0%.
Penrose has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Penrose
- The Sales Tax Rate for Penrose is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Penrose 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 Penrose
- The average income of a Penrose resident is $38,499 a year. The US average is $37,638 a year.
- The Median household income of a Penrose resident is $69,673 a year. The US average is $69,021 a year.