Mineral, KS is a small rural town located in the Midwest with a population of around 500 residents. Despite its small size, Mineral is an economically vibrant community with several local businesses providing employment opportunities to the town's inhabitants. These businesses include a local grocery store, a hardware store, an auto repair shop, and a restaurant. The cost of living in Mineral is quite low when compared to the US average; 2 bedroom rent costs only $740 whereas the US average is $1,430 and the grocery cost index is 91 as opposed to 100 within the US. Residents benefit from this low cost of living combined with access to amenities such as recreation centers and parks in nearby cities. This makes Mineral an attractive place for those looking for a balance between affordability and quality of life.
Mineral has an unemployment rate of 3.4%. The US average is 6.0%.
Mineral has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Mineral
- The Sales Tax Rate for Mineral is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Mineral 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 Mineral
- The average income of a Mineral resident is $12,512 a year. The US average is $28,555 a year.
- The Median household income of a Mineral resident is $42,188 a year. The US average is $69,021 a year.