Erie, Colorado is an ideal place to live with a convenient location just outside of Boulder. The two bedroom rent in Erie is about $2,290 while the US average is about $1,430, making it a desirable place to live for those who can afford it. Additionally, the grocery cost index in Erie is 103 as compared to US average at 100. This indicates that groceries are slightly more expensive than average when purchased in Erie.
Erie is a great place to work as there are several well-known companies located in the area such as Oracle Corporation and Ball Aerospace & Technologies Corp. Other local companies include Mother Tucker Brewery and LogRhythm Inc. due to its proximity to Boulder and Denver. The rising cost of living may cause some difficulties for businesses in the area since they must adjust their pricing accordingly or else risk losing out on customers. However, many of these companies are able to make up for this by offering competitive salaries and benefits packages that help attract qualified employees despite higher living expenses.
Erie has an unemployment rate of 4.0%. The US average is 6.0%.
Erie has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 50.1%, which is higher than the US average of 33.5%.
Tax Rates for Erie
- The Sales Tax Rate for Erie is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Erie 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 Erie
- The average income of a Erie resident is $41,635 a year. The US average is $28,555 a year.
- The Median household income of a Erie resident is $140,409 a year. The US average is $69,021 a year.