Mount Hope, KS is a small town in the heart of Kansas. It is a rural community with plenty of open land. Though it is small, it offers many benefits to its residents such as low cost living and great services. Housing costs are very reasonable in Mount Hope, with two bedroom apartments renting for around $850 per month. Many local businesses offer goods and services to make life easier for the residents, such as grocery stores, hardware stores, banks, restaurants and more. The Grocery Cost Index in Mount Hope is 95 which is slightly lower than the US index of 100. This makes living even more affordable.
Mount Hope has an unemployment rate of 5.6%. The US average is 6.0%.
Mount Hope 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 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Mount Hope
- The Sales Tax Rate for Mount Hope is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Mount Hope 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 Mount Hope
- The average income of a Mount Hope resident is $25,104 a year. The US average is $28,555 a year.
- The Median household income of a Mount Hope resident is $54,063 a year. The US average is $69,021 a year.