Arvada, Colorado is a beautiful city located in the northwest of Denver with a population just under 115,000 people. Arvada is also known for its thriving business community and unique downtown area. Popular employers in the area include Leprino Foods, Arvada Electric and Commercial Electronics Inc. The cost of living in Arvada is slightly higher than the national average, with the median two bedroom rent costing $1,910 compared to $1,430 nationally. Grocery costs are also slightly higher at 102 compared to 100 for the national average. Despite these costs overall Arvada offers an affordable yet desirable place to live and work with plenty of available amenities nearby that draw many newcomers each year.
Arvada has an unemployment rate of 6.5%. The US average is 6.0%.
Arvada 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 45.8%, which is higher than the US average of 33.5%.
Tax Rates for Arvada
- The Sales Tax Rate for Arvada is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Arvada 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 Arvada
- The average income of a Arvada resident is $34,312 a year. The US average is $28,555 a year.
- The Median household income of a Arvada resident is $96,677 a year. The US average is $69,021 a year.