South Fork, CO is a small but growing town located in the southwestern part of Colorado. It is home to a variety of industries such as logging, agriculture, and tourism. Despite its size, South Fork offers great housing options with average two-bedroom rent being $960 which is much lower than the national rate of $1,430. Furthermore, food costs are also lower than the national rate as indicated by the Grocery Cost Index of 102 as compared to 100 in the US. Living expenses are not the only thing that makes South Fork attractive; there are many local companies providing excellent services such as The Hub Market, Starwood Cabinetry & Countertops LLC and Rios’s Supermarket.
South Fork has an unemployment rate of 7.7%. The US average is 6.0%.
South Fork 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 61.7%, which is higher than the US average of 33.5%.
Tax Rates for South Fork
- The Sales Tax Rate for South Fork is 5.5%. The US average is 7.3%.
- The Income Tax Rate for South Fork 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 South Fork
- The average income of a South Fork resident is $19,937 a year. The US average is $28,555 a year.
- The Median household income of a South Fork resident is $56,875 a year. The US average is $69,021 a year.