Paonia, CO is a small town located in western Colorado. It is renowned for its natural beauty and has become a popular place for people to settle down and raise families. Renting a two bedroom apartment in Paonia can be done at an affordable rate of $1,050 per month compared to the US average of $1,430 per month. Additionally, the cost of groceries in Paonia is on par with the national average as it has an index score of 100 versus 100 in the US. \nThe area offers many local companies that contribute to its unique culture such as Dolores River Brewery, High Valley Orchard and Gardens, and Paonia Yoga & Wellness Center. All of these organizations have helped make this community an attractive destination for those looking to both enjoy nature and lead a comfortable life near other amenities. \nIn conclusion, Paonia stands out as a great place to live due to its occupancy costs being lower than the national average while still having access to plenty of family-friendly activities and businesses.
Paonia has an unemployment rate of 6.6%. The US average is 6.0%.
Paonia has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Paonia
- The Sales Tax Rate for Paonia is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Paonia 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 Paonia
- The average income of a Paonia resident is $27,268 a year. The US average is $28,555 a year.
- The Median household income of a Paonia resident is $53,646 a year. The US average is $69,021 a year.