The city of Denver, CO located in zip code 80207, has a two bedroom rent cost of $1,650 which is significantly higher than the national average of $1,430. This makes sense as Denver is well-known for having a booming tech industry with many large corporations such as Twitter, IBM, Oracle and Comcast headquartered in the area. Additionally, businesses like software company Galvanize and outdoor accessories manufacturer Topo Designs are based here due to the wealth of talent available locally as well as the strong business environment. The Grocery Cost Index in Denver is also higher at 103 compared to 100 nationally – indicating that there are more opportunities for local groceries to thrive here. All in all, Denver's strong economy and presence of major companies make it an ideal place to live and work.
Denver (zip 80207) has an unemployment rate of 7.1%. The US average is 6.0%.
Denver (zip 80207) has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 45.0%, which is higher than the US average of 33.5%.
Tax Rates for Denver (zip 80207)
- The Sales Tax Rate for Denver (zip 80207) is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Denver (zip 80207) is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Denver (zip 80207)
- The average income of a Denver (zip 80207) resident is $34,367 a year. The US average is $28,555 a year.
- The Median household income of a Denver (zip 80207) resident is $92,042 a year. The US average is $69,021 a year.