Beloit township, KS Economy


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United States / Kansas / No Metro Area / Mitchell County / Beloit township / Zip Codes
Beloit Township, KS is a small but vibrant community in the state of Kansas. It is home to a variety of local companies, such as Johnson Family Farms, which offers fresh produce and dairy products; Carriage Hill Bakery, a full-service bakery; and Fox Printing Solutions for custom printing services. The cost of living in Beloit Township is relatively low compared to the US average. Rent for two bedroom apartments is $770 per month versus the US average of $1,430. The Grocery Cost Index in Beloit township is 92 compared to 100 in the US. All these factors combined make Beloit township an attractive destination for those looking for good quality and value living near Kansas City.

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

Beloit township has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.

Tax Rates for Beloit township
- The Sales Tax Rate for Beloit township is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Beloit township is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Beloit township
- The average income of a Beloit township resident is $49,069 a year. The US average is $37,638 a year.
- The Median household income of a Beloit township resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBeloit township, KansasUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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