Romeo, Colorado is a small town located in Costilla county in the southern part of the state. The town is known for its picturesque Rocky Mountain backdrop and close proximity to many outdoor attractions like Great Sand Dunes National Park. Residents of Romeo enjoy a cost of living that is lower than the national average. The rent for a two bedroom apartment in Romeo averages around $850 while two bedrooms rents are around $1,430 nationally. Groceries also tend to be cheaper in Romeo with an index of 96 compared to 100 nationally. Businesses located in Romeo include the local Angel's Home Center, Little Caesars Pizza, and B&D Market. These businesses allow residents to find everything they need without having to travel far from home.
Romeo has an unemployment rate of 5.9%. The US average is 6.0%.
Romeo has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 53.0%, which is higher than the US average of 33.5%.
Tax Rates for Romeo
- The Sales Tax Rate for Romeo is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Romeo 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 Romeo
- The average income of a Romeo resident is $12,838 a year. The US average is $28,555 a year.
- The Median household income of a Romeo resident is $35,250 a year. The US average is $69,021 a year.