Frankfort, NE is a small town with a population of approximately 500 people. Located in Gage County in Nebraska, Frankfort has many local companies such as C&O Automotive and Gage County Implement Company. The cost of living in Frankfort is relatively affordable compared to the rest of the United States. The rent for a two-bedroom home is $850 while the US average for a two bedroom apartment is $1,430. Additionally, the Grocery Cost Index in Frankfort is 96 versus 100 in the US. All this makes Frankfort an ideal place to live for anyone looking for affordable housing options and cost effective grocery shopping.
Frankfort has an unemployment rate of 2.4%. The US average is 6.0%.
Frankfort has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Frankfort
- The Sales Tax Rate for Frankfort is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Frankfort 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 Frankfort
- The average income of a Frankfort resident is $19,448 a year. The US average is $28,555 a year.
- The Median household income of a Frankfort resident is $95,208 a year. The US average is $69,021 a year.