Ellsworth, NE is a small town located in the center of the state with a population of about 1,200 people. It has become increasingly popular among young professionals in recent years due to its low cost of living. The average rent for a two-bedroom apartment is $870 per month, which is nearly 40% cheaper than the national average of $1,430. Additionally, the grocery cost index in Ellsworth is 92 compared to 100 nationally. Several local businesses have popped up like ABC Hardware, Smith's Bakery & Cafe, and Joe's Auto Repair in downtown Ellsworth making it an ideal place to live and work.
Ellsworth has an unemployment rate of 1.9%. The US average is 6.0%.
Ellsworth has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Ellsworth
- The Sales Tax Rate for Ellsworth is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Ellsworth 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 Ellsworth
- The average income of a Ellsworth resident is $38,890 a year. The US average is $28,555 a year.
- The Median household income of a Ellsworth resident is $65,179 a year. The US average is $69,021 a year.