Pratt, KS is a small town located in the heart of Kansas. With a population of 6,835 people, Pratt is a charming and inviting community that is home to many local businesses. Residents can enjoy the convenience of having stores like Walmart and Dollar General for their everyday needs. Other popular businesses include Pratt Tire & Auto Repair, Jeff’s Café, and Tuckers Grocery. Pratt is also known for its affordable 2-bedroom rents that are about $780 per month which is significantly lower than US averages at $1,430 per month. Additionally, the city has a lower grocery cost index at 92 compared to the US average of 100.
Pratt has an unemployment rate of 2.5%. The US average is 6.0%.
Pratt has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 15.4%, which is lower than the US average of 33.5%.
Tax Rates for Pratt
- The Sales Tax Rate for Pratt is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Pratt 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 Pratt
- The average income of a Pratt resident is $24,590 a year. The US average is $28,555 a year.
- The Median household income of a Pratt resident is $56,104 a year. The US average is $69,021 a year.