The small town of Basalt, Colorado (Zipcode 81621) offers its residents a unique combination of affordability and quality. The average rent for a two-bedroom apartment is $4,050 which is significantly higher than the national average of $1,430. The area also boasts a Grocery Cost Index (GCI) of 107 versus the national benchmark of 100. This indicates that prices at local stores are slightly higher than most places in the US but still well below other mountain towns.
The town has numerous attractions that add to its charm including an array of locally owned businesses that offer everything from restaurants to outdoor adventure companies like Basalt Bike & Ski, where visitors can rent bikes and ski equipment at reasonable prices. Other businesses such as Kicks n Sticks serve up delicious homemade ice cream while Washboard Laundry provides affordable laundry services to locals and tourists alike. All these businesses provide valuable employment to the local economy while providing goods and services at competitive prices.
Basalt (zip 81621) has an unemployment rate of 5.1%. The US average is 6.0%.
Basalt (zip 81621) has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 48.5%, which is higher than the US average of 33.5%.
Tax Rates for Basalt (zip 81621)
- The Sales Tax Rate for Basalt (zip 81621) is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Basalt (zip 81621) 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 Basalt (zip 81621)
- The average income of a Basalt (zip 81621) resident is $55,726 a year. The US average is $37,638 a year.
- The Median household income of a Basalt (zip 81621) resident is $106,221 a year. The US average is $69,021 a year.