Itasca, KS Economy


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United States / Kansas / No Metro Area / Sherman County / Itasca / Zip Codes
Itasca, KS is a small town located in Sumner County. It is known for its low cost of living and many local businesses. Rent for a two bedroom apartment in Itasca averages at $850 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Itasca is 93 versus 100 in the US, further illustrating the affordability of living here. \nThe town is home to popular local companies such as Oak Tree Nursery & Landscaping, Inman's Auto Parts and Fabrication, Holcomb Farms Inc., and Laverne Agency. These businesses provide great services to both visitors and residents alike and help make Itasca a great place to live.

Itasca has an unemployment rate of 2.9%. The US average is 6.0%.

Itasca has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 13.1%, which is lower than the US average of 33.5%.

Tax Rates for Itasca
- The Sales Tax Rate for Itasca is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Itasca 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 Itasca
- The average income of a Itasca resident is $40,157 a year. The US average is $28,555 a year.
- The Median household income of a Itasca resident is $69,276 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyItasca, KansasUnited States
  2.96
  0.3%-6.2%
  13.1%33.5%
  8.8%6.2%
  5.7%4.6%
  $30,935$37,638
  $69,276$69,021
  $78,393$85,028
  Population by Occupation
  7.4%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  14.8%2.5%
  10.9%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  30.5%9.3%
  36.3%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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