El Dorado, KS is a great city to live in, as it has a low cost of living compared to other cities in the US. The average rent for a two bedroom apartment is $840, while the national average is $1,430. Similarly, the Grocery Cost Index in El Dorado is 92 versus 100 in the US. This means residents can save money on their grocery bills when they choose to live in El Dorado versus other parts of the country. In addition to affordable housing and groceries, El Dorado offers several local businesses that cater to its community. Notable businesses include Cargill, USD 490 and Butler Community College. Other businesses such as El Dorado Inn & Suites provide areas for lodging and dining. El Dorado provides a low cost of living combined with many local amenities that make it an attractive place to call home.
El Dorado has an unemployment rate of 4.2%. The US average is 6.0%.
El Dorado has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for El Dorado
- The Sales Tax Rate for El Dorado is 7.8%. The US average is 7.3%.
- The Income Tax Rate for El Dorado 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 El Dorado
- The average income of a El Dorado resident is $22,677 a year. The US average is $28,555 a year.
- The Median household income of a El Dorado resident is $49,248 a year. The US average is $69,021 a year.