Hoyt, KS is a great city to live in with an affordable cost of living. The average 2 bedroom rent in Hoyt is $930, significantly lower than the US average of $1,430. Additionally, the grocery cost index in Hoyt is 95 compared to 100 for the US. Major employers in Hoyt are Midwest Manufacturing Corporation, which manufactures metal buildings, and Meyer Electric Company. Overall, Hoyt offers residents quality housing opportunities at a much lower price than other cities.
Hoyt has an unemployment rate of 3.0%. The US average is 6.0%.
Hoyt has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Hoyt
- The Sales Tax Rate for Hoyt is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Hoyt 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 Hoyt
- The average income of a Hoyt resident is $20,419 a year. The US average is $28,555 a year.
- The Median household income of a Hoyt resident is $60,278 a year. The US average is $69,021 a year.