Grand Lake, CO is a small town located in Grand County near Rocky Mountain National Park. It is known for its outdoor activities such as hiking, camping, boating, and fishing in nearby Grand Lake. The rental rate for two bedroom homes is slightly higher than the national average at $2,060 per month. Grocery prices are also slightly higher with the cost index at 102 relative to 100 nationally. Local businesses include Solar Property Solutions Inc., Grand Lake Electric Inc., and West Grand School District. There is an abundance of local amenities including recreational activities on the lake, restaurants serving fresh mountain fare, and shops providing a variety of goods from souvenirs to home decor.
Grand Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Grand Lake has seen the job market increase by 3.8% over the last year. Future job growth over the next ten years is predicted to be 48.7%, which is higher than the US average of 33.5%.
Tax Rates for Grand Lake
- The Sales Tax Rate for Grand Lake is 4.2%. The US average is 7.3%.
- The Income Tax Rate for Grand Lake 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 Grand Lake
- The average income of a Grand Lake resident is $27,064 a year. The US average is $28,555 a year.
- The Median household income of a Grand Lake resident is $72,917 a year. The US average is $69,021 a year.