Cheraw, CO 81030 is a small rural town located in Otero County. The median 2 bedroom rent is $910 which is significantly lower than the overall US average of $1,430. The grocery cost index in Cheraw is 94 compared to the average of 100 across the US indicating that groceries are relatively cheaper here than elsewhere.
Cheraw is home to local businesses such as Melon Seeds Hardware & Feed Store, Big R Ranch & Home Supply, and Burger Shack. There are also several services available in town including Hoops Repair and Towing, W J's Roost Bar, and Dygert Lumber Co. Residents of Cheraw have access to all basic amenities needed for everyday living at an affordable price.
Cheraw (zip 81030) has an unemployment rate of 7.3%. The US average is 6.0%.
Cheraw (zip 81030) has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 45.8%, which is higher than the US average of 33.5%.
Tax Rates for Cheraw (zip 81030)
- The Sales Tax Rate for Cheraw (zip 81030) is 3.9%. The US average is 7.3%.
- The Income Tax Rate for Cheraw (zip 81030) 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 Cheraw (zip 81030)
- The average income of a Cheraw (zip 81030) resident is $38,279 a year. The US average is $37,638 a year.
- The Median household income of a Cheraw (zip 81030) resident is $47,708 a year. The US average is $69,021 a year.