Summit County, Colorado is a great place to live and work. The 2 bedroom rent in the area is slightly higher than the US average at $1,860 compared to $1,430. However, groceries are relatively cheaper than the US with a grocery cost index of 106 versus 100 in the US. This makes Summit County more affordable for those looking for a high quality of living with plenty of recreational activities available all year round. And with local companies like Copper Mountain Resort, Keystone Ski Resort, Double Diamond Landscaping and Construction, as well as Frisco Adventure Park and Breckenridge Distillery offering great opportunities to explore outdoor activities or find employment in the many service industries that are flourishing here, Summit County is an attractive option for families and singles alike.
Summit County has an unemployment rate of 4.4%. The US average is 6.0%.
Summit County has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 48.0%, which is higher than the US average of 33.5%.
Tax Rates for Summit County
- The Sales Tax Rate for Summit County is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Summit County 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 Summit County
- The average income of a Summit County resident is $34,842 a year. The US average is $28,555 a year.
- The Median household income of a Summit County resident is $93,505 a year. The US average is $69,021 a year.