Zip 80924 (Colorado Springs, CO) Economy


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Colorado Springs, CO is a popular city with an estimated population of 488,000. The 2 bedroom rent for the area is $2,170, and the US average is $1,430. Additionally, the Grocery Cost Index in Colorado Springs is 102 compared to 100 nationally. With all these amenities comes numerous businesses located in the 80924 zip code. Local companies include Rampart Distributing Company for beer distribution, The Foxworth-Galbraith Lumber Company for building supplies, and Ellicott Sugar Company for confectionary items. Additionally, there are many high-end boutiques like Henig Furs and Neusteters Department Store that provide unique shopping experiences.

Colorado Springs (zip 80924) has an unemployment rate of 6.8%. The US average is 6.0%.

Colorado Springs (zip 80924) 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 48.4%, which is higher than the US average of 33.5%.

Tax Rates for Colorado Springs (zip 80924)
- The Sales Tax Rate for Colorado Springs (zip 80924) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Colorado Springs (zip 80924) 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 (zip 80924)
- The average income of a Colorado Springs (zip 80924) resident is $33,189 a year. The US average is $28,555 a year.
- The Median household income of a Colorado Springs (zip 80924) resident is $129,158 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColorado Springs, ColoradoUnited States
  6.86
  -3.3%-6.2%
  48.4%33.5%
  8.3%6.2%
  4.6%4.6%
  $49,376$37,638
  $129,158$69,021
  $144,360$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.3%6.8%
  7.6%10.0%
  0.3%2.5%
  7.1%11.0%
  5.0%4.8%
  0.1%0.8%
  1.1%1.9%
  8.9%4.7%
  1.6%1.9%
  13.8%7.6%
  0.0%0.1%
  1.5%4.2%
  10.0%9.3%
  19.3%14.0%
  1.3%2.1%
  5.4%7.0%
  4.8%4.8%
  7.8%4.7%
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