Cottonwood Falls, KS is a great place to live with its low rental costs and grocery cost index. The average 2 bedroom rent in Cottonwood Falls is $800 per month, much lower than the national average of $1,430. Additionally, the grocery cost index in Cottonwood Falls is 92 compared to 100 nationally. With residents spending less on housing and groceries, they have more money to spend on their leisure activities.
Cottonwood Falls has many local businesses that contribute to the thriving economy including Skinny’s Bar & Grill, Hometown Printing & Graphics, Prairie Creek Veterinary Clinic and BBF Bodywork & Wellness Center. There are also several parks that offer recreational fun for all ages. The small-town atmosphere combined with low living costs provides an ideal environment for locals and visitors alike.
Cottonwood Falls has an unemployment rate of 3.1%. The US average is 6.0%.
Cottonwood Falls has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 64.0%, which is higher than the US average of 33.5%.
Tax Rates for Cottonwood Falls
- The Sales Tax Rate for Cottonwood Falls is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Cottonwood Falls 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 Cottonwood Falls
- The average income of a Cottonwood Falls resident is $20,794 a year. The US average is $28,555 a year.
- The Median household income of a Cottonwood Falls resident is $43,056 a year. The US average is $69,021 a year.