Basalt, CO is a small town located in the Rocky Mountains of Colorado. It has a charming downtown with many local businesses such as Basalt Bike and Ski, Valley Art Supply, The Art Base, and Gracious Boutique. The cost of living in Basalt is higher than the national average due to its proximity to world-class ski resorts like Aspen Snowmass. Rent for a two bedroom apartment is $4,130 which is almost three times higher than the US 2 Bedroom Rent of $1,430. Additionally, the Grocery Cost Index in Basalt is 107 versus 100 in the US. This indicates that groceries are more expensive in Basalt than elsewhere across the country. In spite of this difference, Basalt has much to offer with its stunning views and unique local business culture.
Basalt has an unemployment rate of 5.1%. The US average is 6.0%.
Basalt has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 48.5%, which is higher than the US average of 33.5%.
Tax Rates for Basalt
- The Sales Tax Rate for Basalt is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Basalt 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 Basalt
- The average income of a Basalt resident is $57,643 a year. The US average is $37,638 a year.
- The Median household income of a Basalt resident is $104,605 a year. The US average is $69,021 a year.