Boncarbo, CO (81024) is a small town located in the south of Colorado with a population of less than 200 people. The 2 Bedroom Rent in this community is $1,540 which is slightly higher than the US average of $1,430. The Grocery Cost Index in Boncarbo is 100 which matches that of the US.
The economy of this rural town is mainly driven by local businesses such as agriculture and ranching. There are several family-owned farms that grow corn, wheat, hay and alfalfa to provide feed for their livestock including horses, cattle, pigs, sheep and goats. Other industries include tourism and timber harvesting for construction materials. Small businesses include cafes, restaurants and convenience stores. Although it has a limited number of large companies operating within its town limits, most employers are locally owned or part of small chains with fewer than 100 employees. Boncarbo is a great place to live for those looking for an area with low unemployment rates and a peaceful atmosphere away from the hustle and bustle of everyday city life.
Boncarbo (zip 81024) has an unemployment rate of 8.9%. The US average is 6.0%.
Boncarbo (zip 81024) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 39.8%, which is higher than the US average of 33.5%.
Tax Rates for Boncarbo (zip 81024)
- The Sales Tax Rate for Boncarbo (zip 81024) is 4.4%. The US average is 7.3%.
- The Income Tax Rate for Boncarbo (zip 81024) 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 Boncarbo (zip 81024)
- The average income of a Boncarbo (zip 81024) resident is $26,620 a year. The US average is $37,638 a year.
- The Median household income of a Boncarbo (zip 81024) resident is $0 a year. The US average is $69,021 a year.