Beloit, KS is a small city located in the north-central region of Kansas. It is home to numerous local companies, including Beloit Tire & Auto Service, McKeever Enterprises, and Midway Motors. The cost of living in Beloit is relatively low compared to other parts of the United States. For example, the median rent for a two bedroom apartment is $770 compared to the national figure of $1,430. Additionally, the Grocery Cost Index in Beloit is 92 which falls below the national average of 100. Overall, Beloit offers a great quality of life with its lower cost of living and its variety of local businesses.
Beloit has an unemployment rate of 2.2%. The US average is 6.0%.
Beloit has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Beloit
- The Sales Tax Rate for Beloit is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Beloit 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 Beloit
- The average income of a Beloit resident is $25,446 a year. The US average is $28,555 a year.
- The Median household income of a Beloit resident is $47,526 a year. The US average is $69,021 a year.