Altamont, KS is a small town located in Labette County. It is a great place to live due to the low cost of living; two bedroom rent in Altamont is much lower than the national average at $800 per month compared to $1,430. The grocery cost index in Altamont is also much lower at 92 compared to the national average of 100. \nLocal businesses in Altamont include K-Heritage Farm, Walnut Creek Cheese, and Bonanza Ranch. K-Heritage Farm specializes in farm-fresh produce and eggs while Walnut Creek Cheese offers an array of locally sourced cheeses. Bonanza Ranch provides animal boarding services as well as horse riding lessons for all levels. All these businesses provide locals with excellent products and services that contribute to the town's vibrant economy.
Altamont has an unemployment rate of 4.0%. The US average is 6.0%.
Altamont has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Altamont
- The Sales Tax Rate for Altamont is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Altamont is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Altamont
- The average income of a Altamont resident is $20,090 a year. The US average is $28,555 a year.
- The Median household income of a Altamont resident is $52,125 a year. The US average is $69,021 a year.