Craig, CO is an ideal place to live with a low cost of living and plentiful amenities. The average 2 bedroom rent in Craig is $1,100 which is significantly lower than the US average of $1430 making it quite affordable. The grocery cost index in Craig is 95 compared to 100 nationally which means groceries are cheaper than they would be elsewhere. The city of Craig boasts many local businesses such as JBS USA and Colorado Northwestern Community College providing employment opportunities for its residents. In addition to the great financial benefits that Craig has to offer, the city has a population of just over 10,000 people - making it a tight knit community with plenty of local attractions and events to enjoy.
Craig has an unemployment rate of 6.5%. The US average is 6.0%.
Craig has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 41.2%, which is higher than the US average of 33.5%.
Tax Rates for Craig
- The Sales Tax Rate for Craig is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Craig 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 Craig
- The average income of a Craig resident is $22,936 a year. The US average is $28,555 a year.
- The Median household income of a Craig resident is $51,618 a year. The US average is $69,021 a year.