Zip 80938 (Colorado Springs, CO) Economy


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Colorado Springs, CO 80938 is a great place for anyone who is looking for an affordable city with plenty of amenities. The 2 bedroom rent in Colorado Springs is $2,170, which is much more affordable than the US average rent of $1,430. Additionally, the grocery cost index in Colorado Springs is also lower than the national average at 98 versus 100.
This neighborhood offers many different types of activities for all kinds of residents including outdoor recreation such as rock climbing and mountain biking at Garden of the Gods park, amazing restaurants like The Wobbly Olive and delicious breweries like Iron Bird Brewing Company. There are also plenty of local businesses such as a Whole Foods Market and an Ace Hardware store.
This area has something for everyone making it perfect for families, young professionals or those looking to retire in the heart of downtown Colorado Springs. With its low housing costs and abundance of activities and local businesses, 80938 Colorado Springs is definitely worth considering when choosing a new place to live.

Colorado Springs (zip 80938) has an unemployment rate of 6.8%. The US average is 6.0%.

Colorado Springs (zip 80938) 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 80938)
- The Sales Tax Rate for Colorado Springs (zip 80938) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Colorado Springs (zip 80938) 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 80938)
- The average income of a Colorado Springs (zip 80938) resident is $0 a year. The US average is $28,555 a year.
- The Median household income of a Colorado Springs (zip 80938) resident is $59,858 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%
  $29,240$37,638
  $59,858$69,021
Family Median Income 85028
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