Vermillion township, KS is a small but thriving community located in the heart of Kansas. It's economy is largely supported by the numerous local businesses that line the streets and provide locals with employment opportunities and services. Companies such as ACME Construction, Vermillion Automotive and ABC Grocery are just a few of the many institutions that make up this tight-knit community. In addition to these services, Vermillion township also offers a variety of amenities to its residents including parks, libraries, and schools. Moreover, the cost of living in Vermillion township is very low with 2 bedroom rent averaging around $750 per month compared to the US average of $1,430. Furthermore, grocery costs here are lower than the national average with an index value of 92 versus 100 in the US.
Vermillion township has an unemployment rate of 2.3%. The US average is 6.0%.
Vermillion township has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Vermillion township
- The Sales Tax Rate for Vermillion township is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Vermillion township 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 Vermillion township
- The average income of a Vermillion township resident is $24,216 a year. The US average is $28,555 a year.
- The Median household income of a Vermillion township resident is $69,044 a year. The US average is $69,021 a year.