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Cost Of Living

In Delta County

Those of us who call Delta County “home”
enjoy a very high quality of life at a low cost.

Surrounded by scenic beauty and a temperate climate, we enjoy 242 days of sunshine. Whether you want to go play in deep snow, fish in mountain lakes surrounded by Aspen trees, bike, hike or 4-wheel in the desert, or walk through fertile farms, orchards and vineyards, it is all close by. No traffic, a laid-back lifestyle, affordable real estate, high-speed internet, and new business opportunities combine to create a great place to live, work and play.

Housing and Cost of Living Data

The Cost of Living Index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power. The cost of living is 3.1 % higher in Delta County, CO than the U.S. average. The median household income of $56,300 is $18,800 below the nation median household income of $75,100.

Inventory of homes for Sale in Delta County, CO – 176 ( three month average Q3 2024)  and the median house sales price -$375,233 ( Q3 2024).

 

Source: Lightcast Economy Overview – Colorado Workforce 2024 and Delta County Economic Update, Colorado Mesa University – October 2024

Sales Tax Collections in Delta County

Property taxes:

Property Tax revenue for 2025 is projected to be $5,224,104 for the General Fund. The 08/15/24 “Certification of Values” from the County Assessor’s office shows that the net total assessed valuation of taxable property has decreased by 8% over the past year. State law says that property tax revenues can increase a maximum of 5.5% over the previous year’s limit. Taxpayer Bill of Rights (TABOR) says that the allowable increase in property taxes from year to year is equal to the percentage change in local growth plus the change in inflation. Required practice in Colorado prescribes that the county choose the more restrictive of the 5.5% statutory limitation or the TABOR limitation. Based on preliminary calculations, 5.5% statutory is the more restrictive limit for 2022 property tax revenues.

 

The projected increase in the rate of inflation (based on the Consumer Price Index) is 1.4%.

 

Based on TABOR limitations, property tax revenues in 2024 cannot exceed $6,220,801. Therefore, the 2025 budget reflects a temporary reduction of 2.577 mills in the mill levy.

 

Sales Tax:

In 2024, Delta County experienced a relatively flat rate of sales tax growth. Lisa Tafoya, County Treasurer, projects sales tax collections for the General Fund, Capital Improvement Fund, and Public Safety to be $11,079,000. For 2025 budget purposes, the 2025 Delta County Sales Tax projections will reflect a 1% increase over 2024.

 

Source: Delta County Budget Overview 2025

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