Mc Coy, Colorado is a small town located in the state's southwest corner. The town has a population of just over 1,000 people and is known for its peaceful atmosphere and friendly locals. The cost of living in McCoy is slightly higher than the national average due to higher rental costs. A two-bedroom apartment can rent for around $3,770 a month, which is almost three times as much as the US average of $1,430 a month. However, grocery costs are comparable to other areas of the country with an index score of 100 versus 100 in the US.
In addition to great views and scenery, McCoy offers several local businesses that contribute to the local economy. There are several shops located downtown such as Frogs & Snails Boutique offering unique items from around the world and LifeStylez Clothing selling trendy fashion for all ages. There are also a few restaurants like Dutch Mill Cafe serving delicious home-cooked meals and El Arroyo Mexican Restaurant providing authentic Mexican cuisine. All these businesses combined make McCoy a great place to live.
McCoy has an unemployment rate of 5.1%. The US average is 6.0%.
McCoy has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 48.5%, which is higher than the US average of 33.5%.
Tax Rates for McCoy
- The Sales Tax Rate for McCoy is 4.4%. The US average is 7.3%.
- The Income Tax Rate for McCoy 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 McCoy
- The average income of a McCoy resident is $63,586 a year. The US average is $37,638 a year.
- The Median household income of a McCoy resident is $0 a year. The US average is $69,021 a year.