Hay Springs, NE is a small town located in the Sandhills region of Nebraska. It has a population of approximately 800 people and is renowned for its scenic landscapes and rural charm. The average 2 bedroom rent in Hay Springs is significantly lower than the US average, at $830 compared to $1,430. Additionally, the cost of living index is 96 versus 100 in the US. This makes it an economical and attractive place to live and work.
The local economy relies heavily on agriculture and ranching, with companies such as Triple B Farms, Sandhills Ranch Supply, and K-Bar Cattle Co providing essential services to both residents and visitors alike. Hay Springs also boasts an array of small businesses specializing in arts & crafts, antiques & collectibles, home improvements & repairs, professional services, food & dining, retail sales and more.
Hay Springs has an unemployment rate of 1.9%. The US average is 6.0%.
Hay Springs has seen the job market decrease by 0.0% 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 Hay Springs
- The Sales Tax Rate for Hay Springs is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Hay Springs 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 Hay Springs
- The average income of a Hay Springs resident is $23,550 a year. The US average is $28,555 a year.
- The Median household income of a Hay Springs resident is $37,679 a year. The US average is $69,021 a year.