Central City, CO is a vibrant community situated in the Rocky Mountains. It is home to many local companies such as Elevation Construction & Design, Central City Coffee, and The Central City Opera House. There are also plenty of great restaurants in the area like Little Bear Saloon, Hank's Barbecue, and The Gold Pan Saloon. In addition to these local businesses and eateries, Central City offers its residents affordable housing with two bedroom rents averaging $1,680 per month compared to the US national average of $1,430. Grocery costs are also much lower here than the national average. All this makes Central City an ideal place for those looking for a small-town feel with plenty of amenities nearby.
Central City has an unemployment rate of 6.8%. The US average is 6.0%.
Central City has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 46.4%, which is higher than the US average of 33.5%.
Tax Rates for Central City
- The Sales Tax Rate for Central City is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Central City 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 Central City
- The average income of a Central City resident is $41,014 a year. The US average is $37,638 a year.
- The Median household income of a Central City resident is $55,448 a year. The US average is $69,021 a year.