Snowmass Village, CO is a popular ski destination located in the Rocky Mountains. The median 2-bedroom rent is higher than the nationwide average ($3,740 versus $1,430), making it an expensive place to live. The local Grocery Cost Index is 115 compared to 100 in the US, indicating higher food costs as well. Local companies in Snowmass Village are mostly hospitality businesses such as hotels and restaurants. Many major ski resorts are based here, including the Aspen Ski Resort, Snowmass Resort and Ski Butlers. Despite its high cost of living, Snowmass Village remains a top choice for outdoor enthusiasts due to its wide range of recreational activities such as skiing and mountain biking.
Snowmass Village has an unemployment rate of 5.9%. The US average is 6.0%.
Snowmass Village has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Snowmass Village
- The Sales Tax Rate for Snowmass Village is 9.4%. The US average is 7.3%.
- The Income Tax Rate for Snowmass Village 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 Snowmass Village
- The average income of a Snowmass Village resident is $53,487 a year. The US average is $28,555 a year.
- The Median household income of a Snowmass Village resident is $127,689 a year. The US average is $69,021 a year.