Colony, KS is a small town with a population of 573 people according to the US Census. Despite its size, it’s an excellent place to live with low living costs; 2 bedroom rent is $810, versus the US average of $1,430. Even grocery costs are cheaper in Colony at 92 on the index versus 100 in the US. Local businesses around Colony include Klosterman and Sons Trucking, Ernie's Service Station and The Main Street Cafe. These companies have been around for generations and serve as a testament to the tight-knit community of Colony, Ks.
Colony has an unemployment rate of 2.8%. The US average is 6.0%.
Colony has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Colony
- The Sales Tax Rate for Colony is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Colony 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 Colony
- The average income of a Colony resident is $21,849 a year. The US average is $37,638 a year.
- The Median household income of a Colony resident is $39,531 a year. The US average is $69,021 a year.