Speed, KS is a small town located in the northwest of Kansas. It is a great place for people who are looking for a peaceful and quiet rural town. The cost of living in Speed is much lower than the US average, with 2 bedroom rent hovering around $800 compared to the US average of $1,430. The Grocery Cost Index is also much lower than the US at 91 compared to 100.
The town has many local businesses that contribute to their economy such as Rockin' RS Bar & Grill, Speed Grocery Store, and Smith's Auto Parts. Rockin' RS Bar & Grill serves up good food and drinks in a comfortable atmosphere. Speed Grocery Store provides fresh fruits and vegetables alongside other groceries at competitive prices. Smith's Auto Parts offers auto parts that fit any budget. All these businesses help make Speed an attractive place to live.
Speed has an unemployment rate of 2.3%. The US average is 6.0%.
Speed has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 17.3%, which is lower than the US average of 33.5%.
Tax Rates for Speed
- The Sales Tax Rate for Speed is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Speed 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 Speed
- The average income of a Speed resident is $19,797 a year. The US average is $28,555 a year.
- The Median household income of a Speed resident is $54,038 a year. The US average is $69,021 a year.