Colby, KS is a small town located in Northwest Kansas with a population of around 5,500 people. It is a picturesque town with plenty of parks and outdoor activities nearby. Those looking to live here will find the cost of living significantly more affordable than the national average; the two bedroom rent in Colby is just $840 compared to the US average of $1,430. Similarly, the grocery cost index in Colby is 95 versus 100 in the US. The town has seen recent economic development with businesses such as Dillons Grocery Store and Johnson's Hardware opening up recently. Additionally, there are plenty of local restaurants and cafes that provide delightful food options for everyone. Colby also offers ample amenities for families such as schools, libraries and several movie theatres that make it an attractive option for those looking to move to a small town with all the necessary facilities within reach.
Colby has an unemployment rate of 2.0%. The US average is 6.0%.
Colby has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Colby
- The Sales Tax Rate for Colby is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Colby 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 Colby
- The average income of a Colby resident is $25,314 a year. The US average is $28,555 a year.
- The Median household income of a Colby resident is $59,292 a year. The US average is $69,021 a year.