Severance, KS is a great place to live and work. This small town offers many amenities that are affordable for most people. The average rent for a two bedroom apartment in Severance is $790, which is significantly lower than the US 2 Bedroom Rent of $1,430. The Grocery Cost Index in Severance is 93 versus 100 in the US, reflecting a lower cost of living overall. There are several local companies in Severance that offer quality services including Stark's Pharmacy, Stangl Auto Sales & Service, and Kudrna Accounting Services. Living costs remain low with a variety of retail stores, restaurants, movie theaters and other forms of entertainment all located within close proximity to each other.
Severance has an unemployment rate of 3.2%. The US average is 6.0%.
Severance has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.
Tax Rates for Severance
- The Sales Tax Rate for Severance is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Severance 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 Severance
- The average income of a Severance resident is $17,843 a year. The US average is $28,555 a year.
- The Median household income of a Severance resident is $38,125 a year. The US average is $69,021 a year.