Oak Creek, CO 80467 is a diverse city located in Routt County with a population of 631 residents. It is known for its beautiful surroundings and local recreational activities. The housing market in Oak Creek is competitive, with 2 bedroom rents averaging at $2,380 per month. This is slightly higher than the US average of $1,430 making it an expensive place to live for some people. The cost of living index in Oak Creek stands at 98 when compared to 100 in the US, indicating relatively lower grocery costs compared to other places.
The city offers numerous opportunities for work and growth with companies like Acres Electric Inc., Moore and Sons Construction Co., and Outlaw Excavation as some of the major employers in the area. The high 2 bedroom rent prices as well as relatively lower grocery costs could be a deterrent for some potential residents looking to move into Oak Creek due to its expensive housing market versus other cities providing more affordable options.
Oak Creek (zip 80467) has an unemployment rate of 4.8%. The US average is 6.0%.
Oak Creek (zip 80467) has seen the job market increase by 4.8% over the last year. Future job growth over the next ten years is predicted to be 57.0%, which is higher than the US average of 33.5%.
Tax Rates for Oak Creek (zip 80467)
- The Sales Tax Rate for Oak Creek (zip 80467) is 3.9%. The US average is 7.3%.
- The Income Tax Rate for Oak Creek (zip 80467) 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 Oak Creek (zip 80467)
- The average income of a Oak Creek (zip 80467) resident is $31,355 a year. The US average is $28,555 a year.
- The Median household income of a Oak Creek (zip 80467) resident is $71,944 a year. The US average is $69,021 a year.