Colon, NE is a small town located in the Midwest that offers a high quality of life with its friendly people and a peaceful atmosphere. The cost of living in Colon is quite affordable compared to the rest of the United States. For example, 2 bedroom rent is $990 compared to $1,430 for 2 bedrooms at the national level. Additionally, grocery cost index is 97 points versus 100 in the US. This makes it easy for those who are looking to live comfortably while not breaking their budget. Local companies such as Sutton Bank, Celli’s Supermarket, and Sutton Insurance are just some of the businesses that make up this small town giving locals and visitors alike great options when it comes to finding what they need or services they need.
Colon has an unemployment rate of 2.6%. The US average is 6.0%.
Colon has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Colon
- The Sales Tax Rate for Colon is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Colon 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 Colon
- The average income of a Colon resident is $25,714 a year. The US average is $28,555 a year.
- The Median household income of a Colon resident is $60,313 a year. The US average is $69,021 a year.