Cortez, CO is a small city located in the Four Corners region of southwestern Colorado. It is known for its archaeological sites such as Mesa Verde National Park which was declared a UNESCO World Heritage Site in 1978. The city is home to several local businesses including an Ace Hardware store, Cortez Tire & True Value, and Mountain West Bank. Additionally, Cortez has a few fine restaurants serving traditional American cuisine such as the La Cocina Mexican Restaurant and The Steaming Bean Coffee House. The cost of living in Cortez is quite reasonable with two-bedroom rents averaging around $1,120 per month whereas the US average for two-bedroom rent is $1,430 per month. Furthermore, the grocery cost index in Cortez is equivalent to that of the US at 100 units each so groceries may be purchased at roughly the same cost as any other area in the country.
Cortez has an unemployment rate of 7.4%. The US average is 6.0%.
Cortez has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 42.7%, which is higher than the US average of 33.5%.
Tax Rates for Cortez
- The Sales Tax Rate for Cortez is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Cortez 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 Cortez
- The average income of a Cortez resident is $20,015 a year. The US average is $28,555 a year.
- The Median household income of a Cortez resident is $51,924 a year. The US average is $69,021 a year.