Nucla, Colorado is a small town located in the southwest region of the state. It has a population of under 1,000 people and is known for its rural setting and breathtaking views. The cost of living in Nucla is significantly lower than the US average, with two bedroom rent being almost 25% cheaper at only $1,060 compared to $1,430 nationally. Additionally, grocery costs are indexed at 101 versus 100 in the US. The local economy mainly relies on agriculture and mining. Companies such as Nucla-Naturita Coop Elevator Inc., Tri-State Generation & Transmission Association Inc., Western Slope Agronomics LLC, Clearview Dairy Farms LLC, among others offer employment opportunities for residents.
Nucla has an unemployment rate of 6.3%. The US average is 6.0%.
Nucla has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 55.9%, which is higher than the US average of 33.5%.
Tax Rates for Nucla
- The Sales Tax Rate for Nucla is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Nucla 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 Nucla
- The average income of a Nucla resident is $23,057 a year. The US average is $37,638 a year.
- The Median household income of a Nucla resident is $36,167 a year. The US average is $69,021 a year.