Bellwood, NE is a small town located off highway 81 in Nebraska. It offers its residents a peaceful and low-cost living environment. The average two-bedroom rent is $830 whereas the same cost in the US would be $1,430 – an impressive difference of over $600! This lower rent price makes living in Bellwood an attractive option for those looking to save money on their housing costs. Additionally, grocery costs in Bellwood are 97 compared to 100 in the US overall.
Some local companies that you’ll find in Bellwood include The Pizza Box, H&N Tire & Automotive, and Homegrown Garden & Landscape. All three companies have been servicing the Bellwood community for many years, offering excellent service and support to their customers.
Overall, living in Bellwood has many advantages due to its low cost of living when compared to the US overall. With rent prices nearly 40% less than average and grocery costs slightly discounted as well– it is no wonder why this small town is starting to get some attention from those looking for affordable places to live!
Bellwood has an unemployment rate of 2.6%. The US average is 6.0%.
Bellwood has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Bellwood
- The Sales Tax Rate for Bellwood is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bellwood 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 Bellwood
- The average income of a Bellwood resident is $22,013 a year. The US average is $28,555 a year.
- The Median household income of a Bellwood resident is $54,615 a year. The US average is $69,021 a year.