Thomas, KS Economy


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United States / Kansas / No Metro Area / Ellsworth County / Thomas / Zip Codes
Thomas, KS is a small town with a population of around 2,000 people. Despite its size, it offers many amenities to residents including low rental rates in comparison to the US average. The current median rent for a two-bedroom apartment is $800, which is about 40% cheaper than the national median rent of $1,430. Additionally, local grocery costs are 10% less than in other states on average. Thomas, KS has some major companies within its borders like Tyson Foods as well as smaller local businesses such as Central States Electric Company and B&S Machine Works Inc. These contribute to Thomas' economy and provide employment opportunities for residents. All in all, Thomas offers a great quality of life with affordable costs and plenty of job opportunities.

Thomas has an unemployment rate of 2.8%. The US average is 6.0%.

Thomas 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 9.2%, which is lower than the US average of 33.5%.

Tax Rates for Thomas
- The Sales Tax Rate for Thomas is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Thomas 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 Thomas
- The average income of a Thomas resident is $37,420 a year. The US average is $28,555 a year.
- The Median household income of a Thomas resident is $101,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyThomas, KansasUnited States
  2.86
  -1.4%-6.2%
  9.2%33.5%
  7.5%6.2%
  5.7%4.6%
  $37,450$37,638
  $101,250$69,021
Family Median Income 85028
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