\nGrand Junction, CO 81506 is a great place to live for those looking for affordable rent and everyday essentials. The average 2-bedroom rent in this area is $1,140, much lower than the US average of $1,430. Grocery costs are also much lower here; Grand Junction’s Grocery Cost Index is 104 compared to 100 in the US. Not only is rent and groceries more affordable in Grand Junction, but there are several local businesses that make living in the area even better. Grand Valley Power is a locally owned energy company providing electric power to western Colorado residents. There are also several well-known grocery stores including City Market and Albertson’s, travel companies like Budget Rent A Car, and national home improvement stores such as Home Depot and Lowes.
Grand Junction (zip 81506) has an unemployment rate of 7.1%. The US average is 6.0%.
Grand Junction (zip 81506) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 41.8%, which is higher than the US average of 33.5%.
Tax Rates for Grand Junction (zip 81506)
- The Sales Tax Rate for Grand Junction (zip 81506) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Grand Junction (zip 81506) 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 Grand Junction (zip 81506)
- The average income of a Grand Junction (zip 81506) resident is $47,114 a year. The US average is $37,638 a year.
- The Median household income of a Grand Junction (zip 81506) resident is $74,136 a year. The US average is $69,021 a year.