Federal Heights, CO is an affordable community for those seeking to rent a two-bedroom apartment. The average rent for a 2 bedroom in Federal Heights is $1,490 compared to the US average of $1,430. In addition to affordable accommodation, the cost of living in Federal Heights is not expensive either. The Grocery Cost Index in Federal Heights stands at 99 compared to 100 in the US.
The city of Federal Heights has numerous local companies and amenities that contribute to its tight-knit community atmosphere. Some notable businesses in the area include J&K Lawn Maintenance Inc., Mueller Veterinary Services, Subway, Big Daddy's Pizza & Deli, and 7-Eleven. There are also a variety of parks and outdoor recreation areas nearby that are popular with local residents.
Federal Heights has an unemployment rate of 7.4%. The US average is 6.0%.
Federal Heights 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 44.9%, which is higher than the US average of 33.5%.
Tax Rates for Federal Heights
- The Sales Tax Rate for Federal Heights is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Federal Heights 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 Federal Heights
- The average income of a Federal Heights resident is $16,803 a year. The US average is $28,555 a year.
- The Median household income of a Federal Heights resident is $51,078 a year. The US average is $69,021 a year.