Ouray, CO is a small town with a population of approximately 1,000 people located in southwestern Colorado. It's known for its scenic mountain views and its quaint downtown area. For those looking to rent a two-bedroom property, prices are slightly higher than the national average as rents in Ouray currently amount to $1,940 compared to $1,430 nationally. Similarly, grocery costs in Ouray are 4% higher than those across the US. The local economy consists mainly of tourism-related businesses such as restaurants, lodging establishments, gift shops and outdoor activity providers. However, there are also some larger companies such as Cimarron Telecommunications that provide jobs for residents. In comparison to the rest of the US, the cost of living in Ouray is slightly more expensive but it is still worth it due to its breathtaking scenery and unique charm.
Ouray has an unemployment rate of 6.3%. The US average is 6.0%.
Ouray has seen the job market increase by 5.8% over the last year. Future job growth over the next ten years is predicted to be 53.3%, which is higher than the US average of 33.5%.
Tax Rates for Ouray
- The Sales Tax Rate for Ouray is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Ouray 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 Ouray
- The average income of a Ouray resident is $31,736 a year. The US average is $28,555 a year.
- The Median household income of a Ouray resident is $65,647 a year. The US average is $69,021 a year.