Lake George, Colorado is a small town located near Pike National Forest and Eleven Mile State Park. With an estimated population of 80827, it is a great place to live for those looking for some peace and quiet away from the city. The 2 Bedroom rental costs in Lake George are slightly higher than the average US rental costs at $1,530. The Grocery Cost Index in Lake George is also slightly higher than the national average at 98 versus 100 in the US.
The economy of Lake George is largely driven by tourism and recreation due to its proximity to both nature preserves and recreational activities including boating on nearby reservoirs and fishing along the riverbanks. Local companies that help keep this economy thriving include Elkhorn Outfitting Company, which offers guided fishing trips, and Gold Medal Rafting which provides rafting tours down Clear Creek Canyon with experienced guides.
Overall, the cost of living in Lake George is slightly higher than many other areas due to its rural location yet its abundance of outdoor activities make it an attractive option for those who enjoy nature-based recreation.
Lake George (zip 80827) has an unemployment rate of 5.0%. The US average is 6.0%.
Lake George (zip 80827) has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 51.5%, which is higher than the US average of 33.5%.
Tax Rates for Lake George (zip 80827)
- The Sales Tax Rate for Lake George (zip 80827) is 3.9%. The US average is 7.3%.
- The Income Tax Rate for Lake George (zip 80827) 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 Lake George (zip 80827)
- The average income of a Lake George (zip 80827) resident is $41,436 a year. The US average is $28,555 a year.
- The Median household income of a Lake George (zip 80827) resident is $48,654 a year. The US average is $69,021 a year.