Granada, CO is a great place to live and work. Located close to the Rocky Mountains and with a strong business center, the city offers plenty of amenities for its residents. Local businesses include retail chains like Target and Best Buy, as well as restaurants such as Olive Garden and Red Lobster. The cost of living in Granada is lower than the United States average, with two-bedroom rent being $840 compared to $1,430 nationally. Grocery costs are also lower with an index of 96 versus 100 in the US. With its beautiful surroundings and affordable living costs, Granada is an ideal destination for those looking for a great place to call home or start their own business.
Granada has an unemployment rate of 5.7%. The US average is 6.0%.
Granada has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 49.3%, which is higher than the US average of 33.5%.
Tax Rates for Granada
- The Sales Tax Rate for Granada is 3.9%. The US average is 7.3%.
- The Income Tax Rate for Granada 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 Granada
- The average income of a Granada resident is $11,952 a year. The US average is $28,555 a year.
- The Median household income of a Granada resident is $42,174 a year. The US average is $69,021 a year.