Sterling, Kansas is a small town with a population of around 643. The rental rates for two bedroom apartments in Sterling are much lower than the national average at $740 per month compared to $1,430. Additionally, grocery costs tend to be more affordable in Sterling with an index of 92 versus 100 in the US. There are a few local companies located in Sterling that make up its economy including Little Dutch Bakery, Carl’s Auto Parts and Supply Store, and Oehring's Grocery Store. According to data from the U.S. Census Bureau, the median household income for Sterling residents is around $48,833 annually.
Sterling has an unemployment rate of 2.9%. The US average is 6.0%.
Sterling has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Sterling
- The Sales Tax Rate for Sterling is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Sterling 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 Sterling
- The average income of a Sterling resident is $26,121 a year. The US average is $28,555 a year.
- The Median household income of a Sterling resident is $48,092 a year. The US average is $69,021 a year.