Ovid, CO is a small town located in Northern Colorado. It has a population of about 500 people and boasts a friendly atmosphere with plenty of outdoor activities. The 2 bedroom rent in Ovid is much lower than the national average at $810 compared to the US average of $1,430. The grocery cost index in Ovid is also much lower than the national average, sitting at 96 compared to 100. This makes living expenses much more affordable for locals. There are some great local businesses in Ovid such as The Cowboy Country Cafe, owned by a local family for over 10 years serving up delicious home cooked meals, Harden Ranch Supply offering farm supplies and equipment for ranching and farming needs, and Lazy J2 Stables providing horse boarding and lessons.
Ovid has an unemployment rate of 4.6%. The US average is 6.0%.
Ovid has seen the job market increase by 4.4% over the last year. Future job growth over the next ten years is predicted to be 50.1%, which is higher than the US average of 33.5%.
Tax Rates for Ovid
- The Sales Tax Rate for Ovid is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Ovid 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 Ovid
- The average income of a Ovid resident is $20,222 a year. The US average is $28,555 a year.
- The Median household income of a Ovid resident is $27,321 a year. The US average is $69,021 a year.