Otero County, Colorado is located in the southeastern part of the state. It has a small population and is known for its beauty and serenity. The housing market in Otero County is quite affordable with two bedroom rents averaging $900. This can be compared to the US average of $1,430 for a two bedroom rental. In addition, the cost index for groceries in Otero County is 96 which is lower than the national average of 100. The county has many local companies, schools, and attractions to explore. Some of these include Capstone Resources Inc., Crow Flies High School, Bent’s Old Fort National Historic Site, High Plains Homesteader Museum, Greenhorn Valley Pioneer Museum, and Rocky Ford City Park.
Otero County has an unemployment rate of 7.3%. The US average is 6.0%.
Otero County has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 45.8%, which is higher than the US average of 33.5%.
Tax Rates for Otero County
- The Sales Tax Rate for Otero County is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Otero 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 Otero County
- The average income of a Otero County resident is $23,689 a year. The US average is $37,638 a year.
- The Median household income of a Otero County resident is $45,826 a year. The US average is $69,021 a year.