Timken, KS is a small town with a population of about 500 people. Despite its size, the city offers many amenities for its residents. There are two large grocery stores providing affordable goods to residents, and the cost of living index is lower than the national average at 88 versus 100 in the US. Those looking to rent a two bedroom apartment will find prices quite reasonable at $700 compared to the national average of $1,430. Timken also boasts several local businesses including Timken Automotive Repair and Bill's Auto Parts & Supplies as well as other shops along Main Street. For outdoor recreation, there are several parks including Lions Park which offers playgrounds and picnic areas. Visitors can get a glimpse into the town's history at the Timken Museum. Overall, Timken is an affordable yet vibrant small town offering plenty of local attractions and amenities for its citizens.
Timken has an unemployment rate of 3.0%. The US average is 6.0%.
Timken has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 10.3%, which is lower than the US average of 33.5%.
Tax Rates for Timken
- The Sales Tax Rate for Timken is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Timken 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 Timken
- The average income of a Timken resident is $10,992 a year. The US average is $28,555 a year.
- The Median household income of a Timken resident is $63,125 a year. The US average is $69,021 a year.