Timberhill, KS is a small city in the Midwest with an estimated population of about 5,000 people. It is well known for its low cost of living, with a 2 bedroom rent being only $980 compared to the US average of $1,430. This is largely due to the low grocery cost index of 91 compared to the US average of 100. The city has several local businesses that are influential in its economic development including Anderson Motors, Caterpillar Inc., and New Century Bank. These businesses provide jobs and services that help Timberhill maintain its low-cost lifestyle while also supporting its residents with stability and opportunities for growth.
Timberhill has an unemployment rate of 4.2%. The US average is 6.0%.
Timberhill has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Timberhill
- The Sales Tax Rate for Timberhill is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Timberhill 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 Timberhill
- The average income of a Timberhill resident is $22,727 a year. The US average is $37,638 a year.
- The Median household income of a Timberhill resident is $29,063 a year. The US average is $69,021 a year.