Westminster, CO is a thriving city located just north of Denver. Its population has grown significantly over the years due to its vibrant economy and many exciting attractions. The rental market in Westminster is strong with two bedroom rental prices averaging around $1,990 per month, which is slightly higher than the US average of $1,430. Additionally, the grocery cost index in Westminster is comparable to that of the US. There are several local companies that have helped contribute to the growth and well-being of Westminster such as Kriya Construction Inc., ReMax Alliance Real Estate and Skyline Exhibits & Environments Inc. These businesses have contributed to the city’s success by providing employment opportunities and helping to improve local infrastructure.
Westminster has an unemployment rate of 6.7%. The US average is 6.0%.
Westminster has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 43.3%, which is higher than the US average of 33.5%.
Tax Rates for Westminster
- The Sales Tax Rate for Westminster is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Westminster 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 Westminster
- The average income of a Westminster resident is $31,694 a year. The US average is $28,555 a year.
- The Median household income of a Westminster resident is $80,355 a year. The US average is $69,021 a year.