Barada, NE is a small town located in the Midwest. It has a population of approximately 1,500 people and is known for its rural lifestyle and beautiful landscapes. The cost of living in Barada is much lower than the national average. For example, the average rent for a two-bedroom apartment is just $730 compared to the national rate of $1430. Additionally, groceries are around 7% cheaper here than across the U.S. as a whole.
Barada offers plenty of opportunity for businesses to thrive too, with many local companies providing goods and services to residents in the area. Some examples include Barada Lumber & Hardware Company which provides building supplies; Baines Bakery which sells freshly baked goods; and J&M Auto Repair shop which specializes in auto repair and maintenance services.
Barada has an unemployment rate of 2.6%. The US average is 6.0%.
Barada has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Barada
- The Sales Tax Rate for Barada is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Barada is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Barada
- The average income of a Barada resident is $36,600 a year. The US average is $28,555 a year.
- The Median household income of a Barada resident is $53,125 a year. The US average is $69,021 a year.