Lorraine, KS is a small town with a population of about 900 people. It is located in Sheridan County in the heart of Kansas. The cost of living in Lorraine is quite low compared to other towns and cities. The average rent for a two-bedroom apartment is only $780, which is much lower than the national rate of $1,430. The grocery cost index in Lorraine is also significantly less than the US average - 89 versus 100.
The local economy mainly relies on farming and ranching businesses as well as some retail stores, such as Loofburg Grocery Store, Johnson Brothers John Deere Dealership and CJ's Propane Company. Despite its small size, Lorraine offers plenty of amenities for locals to enjoy without breaking the bank.
Lorraine has an unemployment rate of 2.8%. The US average is 6.0%.
Lorraine has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 9.2%, which is lower than the US average of 33.5%.
Tax Rates for Lorraine
- The Sales Tax Rate for Lorraine is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Lorraine 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 Lorraine
- The average income of a Lorraine resident is $23,156 a year. The US average is $28,555 a year.
- The Median household income of a Lorraine resident is $50,938 a year. The US average is $69,021 a year.