Humphrey, NE Economy


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Humphrey, NE is a small town nestled in the Nebraska panhandle. It offers extremely affordable rent at just $890 for a two bedroom, making it an attractive option for first time homebuyers or those on a budget. Grocery costs are also very low compared to national averages, with an index of 98 versus 100 in the US. The city is home to many businesses such as Davis Brothers Electric, which provides electrical services, and Corrigan Feed and Supply, which supplies feed to farmers in the area. There are also a number of small family-run restaurants that specialize in traditional Nebraskan cuisine.

Humphrey has an unemployment rate of 2.2%. The US average is 6.0%.

Humphrey has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.

Tax Rates for Humphrey
- The Sales Tax Rate for Humphrey is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Humphrey 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 Humphrey
- The average income of a Humphrey resident is $24,786 a year. The US average is $28,555 a year.
- The Median household income of a Humphrey resident is $70,833 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHumphrey, NebraskaUnited States
  2.26
  -0.9%-6.2%
  27.8%33.5%
  5.5%6.2%
  6.8%4.6%
  $36,092$37,638
  $70,833$69,021
  $99,375$85,028
  Population by Occupation
  9.7%1.2%
  0.0%0.5%
  15.7%6.8%
  11.6%10.0%
  3.4%2.5%
  10.2%11.0%
  2.4%4.8%
  1.0%0.8%
  1.9%1.9%
  1.7%4.7%
  0.0%1.9%
  0.7%7.6%
  0.0%0.1%
  2.7%4.2%
  14.0%9.3%
  16.0%14.0%
  1.0%2.1%
  2.7%7.0%
  4.8%4.8%
  0.5%4.7%
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