Penn, KS is an affordable city located in Kansas with a low cost of living. The two bedroom rent in Penn is $710, which is half of the national average two bedroom rent in the United States at $1,430. Grocery costs are also lower in Penn at 90 index versus 100 for the United States. Local companies include Market Street Pharmacy, Tamara's Bakery & Catering Company and the Oasis Salon & Spa. Penn offers residents an economical style of living with access to many local businesses.
Penn has an unemployment rate of 2.0%. The US average is 6.0%.
Penn has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Penn
- The Sales Tax Rate for Penn is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Penn 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 Penn
- The average income of a Penn resident is $48,501 a year. The US average is $28,555 a year.
- The Median household income of a Penn resident is $146,033 a year. The US average is $69,021 a year.