Formoso, Kansas is a small town located in the northeastern region of the state, with a population of approximately 200 people. It is an ideal destination for those looking to escape the hustle and bustle of city life and relax among nature's beauty. The cost of renting a two-bedroom apartment in Formoso is considerably lower compared to the US average, at only $710, while grocery costs are also significantly lower than the national average; 87 versus 100 in the US.
There are several local companies in the area - including Agri Solutions LLC, which specializes in agricultural solutions for farmers – as well as several restaurants such as Pizza Time and Chillers Bar & Grill. There are plenty of attractions to enjoy here too, such as fishing at nearby Lake Smith or visiting Nordstrom Park and Nature Trails for outdoor activities.
Formoso has an unemployment rate of 2.6%. The US average is 6.0%.
Formoso has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Formoso
- The Sales Tax Rate for Formoso is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Formoso 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 Formoso
- The average income of a Formoso resident is $13,433 a year. The US average is $28,555 a year.
- The Median household income of a Formoso resident is $20,833 a year. The US average is $69,021 a year.