Genoa, Colorado is an attractive place to live due to its affordable cost of living. The average 2 bedroom rent in Genoa is $1,060, compared to the US average of $1,430. Grocery costs are also much cheaper in Genoa compared to the US at 95 on the Grocery Cost Index versus 100 nationally. This makes Genoa a great place for people looking to save money while still enjoying a quality, rural lifestyle. There are plenty of local businesses in Genoa that contribute to its economy including High Country Adventure Tours which offers panoramic mountain tours, Little India Cafe with delicious Indian food dishes, and Rocky Mountain National Park where visitors can take advantage of outdoor activities such as hiking and mountain biking.
Genoa (zip 80818) has an unemployment rate of 6.0%. The US average is 6.0%.
Genoa (zip 80818) has seen the job market increase by 4.6% over the last year. Future job growth over the next ten years is predicted to be 61.3%, which is higher than the US average of 33.5%.
Tax Rates for Genoa (zip 80818)
- The Sales Tax Rate for Genoa (zip 80818) is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Genoa (zip 80818) 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 Genoa (zip 80818)
- The average income of a Genoa (zip 80818) resident is $32,445 a year. The US average is $28,555 a year.
- The Median household income of a Genoa (zip 80818) resident is $57,000 a year. The US average is $69,021 a year.