Hotchkiss, CO is a small town located in Colorado's Western Slope and is home to about 1,539 people. Though it is a small town, Hotchkiss is well known for its charming atmosphere and close-knit community. Many local businesses call Hotchkiss their home, including the Hotchkiss Store, a family-owned grocery store that has been serving the Hotchkiss community for over 20 years. Furthermore, there are several restaurants located in the center of town where locals can gather to socialize and get a bite to eat. Additionally, two of the biggest employers in Hotchkiss are the Orchard City Mine & Mill and Dominguez Valley Farms which provide many residents with job opportunities. These local businesses are great sources of revenue for the town as they employ many individuals in the community while also providing much needed goods and services. Overall, Hotchkiss offers an inviting atmosphere with plenty of local business options that provide jobs and other benefits to citizens of this charming western town.
Hotchkiss has an unemployment rate of 6.6%. The US average is 6.0%.
Hotchkiss has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Hotchkiss
- The Sales Tax Rate for Hotchkiss is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Hotchkiss 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 Hotchkiss
- The average income of a Hotchkiss resident is $27,632 a year. The US average is $37,638 a year.
- The Median household income of a Hotchkiss resident is $44,583 a year. The US average is $69,021 a year.