Economy in Colorado

Colorado State is an attractive place to live because of its low 2 bedroom rental rate, as compared to the US. The cost of groceries can be a bit higher than the national average, but there is still good value in the area. Local companies in Colorado State include Coors Brewing Company, DISH Network, Arrow Electronics and Allo Source. These businesses offer employment opportunities and are major drivers of the state's economy.

Colorado has an unemployment rate of 6.5%. The US average is 6.0%.

Colorado has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.

Tax Rates for Colorado
- The Sales Tax Rate for Colorado is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Colorado 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
- The average income of a Colorado resident is $31,674 a year. The US average is $28,555 a year.
- The Median household income of a Colorado resident is $80,184 a year. The US average is $69,021 a year.