Economy in Loveland, Colorado

Loveland ,CO has become an attractive destination for businesses and residents due to its growing economy and relatively inexpensive cost of living compared to other cities close by like Denver or Boulder. Technology firms have flocked here in recent years taking advantage of both low taxes on business earnings and close proximity between Colorado State University Research Center (CSURC) which provides talent from graduates every year into this workforce pipeline . Healthcare also plays an important role with two major medical centers located nearby . Manufacturing remains an important part of Loveland's economy too , as does tourism due to it being conveniently located near Rocky Mountain National Park .

Loveland has an unemployment rate of 6.3%. The US average is 6.0%.

Loveland has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 52.1%, which is higher than the US average of 33.5%.

Tax Rates for Loveland
- The Sales Tax Rate for Loveland is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Loveland 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 Loveland
- The average income of a Loveland resident is $28,705 a year. The US average is $28,555 a year.
- The Median household income of a Loveland resident is $55,580 a year. The US average is $53,482 a year.