Malcolm, NE is an ideal place to live and work with a unique small-town charm. The cost of living in the area is much less than the national average, with 2 bedroom rent averaging at $1,060 compared to the national rate of $1,430. Groceries are also a bargain in Malcolm with the area's grocery cost index only being 1 point higher than the U.S. standard at 101 versus 100. Local businesses in the area include retail stores such as Fosters Supermarket and various restaurants like The Cajun Chef. There is also a great selection of banks such as Security First Bank and Farmers State Bank offering great services for all types of customers. All in all, Malcolm is an affordable town with great shopping options making it a great place to call home!
Malcolm has an unemployment rate of 2.9%. The US average is 6.0%.
Malcolm has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Malcolm
- The Sales Tax Rate for Malcolm is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Malcolm 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 Malcolm
- The average income of a Malcolm resident is $31,946 a year. The US average is $28,555 a year.
- The Median household income of a Malcolm resident is $74,712 a year. The US average is $69,021 a year.