Zip 80906 (Colorado Springs, CO) Economy


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Colorado Springs, CO (80906) is a great place to live, with many attractions nearby to enjoy. Renting in this area can be expensive compared to the average US 2 bedroom rent of $1,430. The average 2 bedroom rent in Colorado Springs is currently $1,680. There are many local companies that offer rental services in the Colorado Springs area such as Apartment Guru, Zillow, and Apartments.com. The Grocery Cost Index in Colorado Springs is 100, which is equal to the US average according to Numbeo. Residents of Colorado Springs should expect higher than average prices when renting a two-bedroom apartment or house.

Colorado Springs (zip 80906) has an unemployment rate of 6.8%. The US average is 6.0%.

Colorado Springs (zip 80906) 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 80906)
- The Sales Tax Rate for Colorado Springs (zip 80906) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Colorado Springs (zip 80906) 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 80906)
- The average income of a Colorado Springs (zip 80906) resident is $37,552 a year. The US average is $28,555 a year.
- The Median household income of a Colorado Springs (zip 80906) resident is $76,965 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%
  $50,438$37,638
  $76,965$69,021
  $94,375$85,028
  Population by Occupation
  0.2%1.2%
  0.2%0.5%
  8.2%6.8%
  7.4%10.0%
  0.5%2.5%
  10.3%11.0%
  3.3%4.8%
  1.1%0.8%
  1.8%1.9%
  4.4%4.7%
  2.0%1.9%
  11.8%7.6%
  0.1%0.1%
  4.0%4.2%
  6.6%9.3%
  14.3%14.0%
  3.5%2.1%
  8.8%7.0%
  5.4%4.8%
  6.2%4.7%
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