Colorado Springs, CO is the second largest city in Colorado and a great place to call home. The two bedroom rent in this area is slightly higher than the US average, but grocery costs are similar to other areas. There are many great companies based in Colorado Springs, such as Lockheed Martin, T. Rowe Price, Sprint Corporation and Oracle Corporation. There is plenty of opportunity for both work and leisure in this vibrant city.
Colorado Springs Metro Area has an unemployment rate of 6.7%. The US average is 6.0%.
Colorado Springs Metro Area has seen the job market increase by 4.1% over the last year. Future job growth over the next ten years is predicted to be 48.7%, which is higher than the US average of 33.5%.
Tax Rates for Colorado Springs Metro Area
- The Sales Tax Rate for Colorado Springs Metro Area is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Colorado Springs Metro Area 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 Colorado Springs Metro Area
- The average income of a Colorado Springs Metro Area resident is $29,398 a year. The US average is $28,555 a year.
- The Median household income of a Colorado Springs Metro Area resident is $75,641 a year. The US average is $69,021 a year.