80515 Drake, CO is a small town with a surprisingly low cost of living for the Rocky Mountain region. Two-bedroom rentals in Drake are approximately $1,340 per month, which is slightly lower than the national average of $1,430. Additionally, the grocery cost index of 99 in Drake means that groceries are comparatively cheaper than other areas. Businesses in Drake include Wagon Wheel Café and Saloon, Lazy K Ranch & Outfitters, and The Lost Cajun Gourmet Eatery. Overall, living in Drake provides residents with an affordable place to call home while still having plenty of local business options to choose from.
Drake (zip 80515) has an unemployment rate of 5.8%. The US average is 6.0%.
Drake (zip 80515) has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 51.6%, which is higher than the US average of 33.5%.
Tax Rates for Drake (zip 80515)
- The Sales Tax Rate for Drake (zip 80515) is 3.5%. The US average is 7.3%.
- The Income Tax Rate for Drake (zip 80515) 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 Drake (zip 80515)
- The average income of a Drake (zip 80515) resident is $27,803 a year. The US average is $28,555 a year.
- The Median household income of a Drake (zip 80515) resident is $90,396 a year. The US average is $69,021 a year.