Rio Grande County, CO Economy


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United States / Colorado / No Metro Area / Rio Grande County / Cities / Zip Codes
Rio Grande, CO County is a great place to live with affordable cost of living. The average 2 bedroom rent in the area is $900 per month compared to the US average of $1,430. Grocery Cost Index in Rio Grande is also lower than the US average, making it an attractive option for those looking for reasonable prices for their everyday needs. In addition to these cost savings, Rio Grande boasts several local businesses that provide services and goods to locals and visitors alike. Some of these popular companies include Alpine Floral & Garden Center, Wild West Outfitters, Bently's Bakery, Sundance Ski & Snowboard Shop and the Rio Grande Thrift Store.

Rio Grande County has an unemployment rate of 7.7%. The US average is 6.0%.

Rio Grande County 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 Rio Grande County
- The Sales Tax Rate for Rio Grande County is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Rio Grande 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 Rio Grande County
- The average income of a Rio Grande County resident is $21,104 a year. The US average is $28,555 a year.
- The Median household income of a Rio Grande County resident is $50,287 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRio Grande, ColoradoUnited States
  7.76
  -3.1%-6.2%
  61.7%33.5%
  5.5%6.2%
  4.6%4.6%
  $30,215$37,638
  $50,287$69,021
  $73,728$85,028
  Population by Occupation
  8.7%1.2%
  1.5%0.5%
  5.0%6.8%
  5.5%10.0%
  4.2%2.5%
  10.8%11.0%
  6.5%4.8%
  1.2%0.8%
  0.7%1.9%
  1.0%4.7%
  1.2%1.9%
  6.5%7.6%
  0.0%0.1%
  3.0%4.2%
  13.2%9.3%
  13.6%14.0%
  1.7%2.1%
  6.0%7.0%
  4.1%4.8%
  5.6%4.7%
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