Alvo, NE is a small town with a population of just over 200 people. It has a low cost of living and is situated in the countryside of Nebraska. The average two-bedroom rent for Alvo is $1,230 compared to the US average of $1,430. Furthermore, the grocery cost index in Alvo is 102, which is higher than the US average of 100. There are many small local businesses located in Alvo such as May’s Hardware Store, Lindy's Bakery & Cafe, and Smithson Auto Repair. These companies provide services to locals and give Alvo its unique charm.
Alvo has an unemployment rate of 3.2%. The US average is 6.0%.
Alvo has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Alvo
- The Sales Tax Rate for Alvo is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Alvo is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Alvo
- The average income of a Alvo resident is $31,670 a year. The US average is $37,638 a year.
- The Median household income of a Alvo resident is $76,875 a year. The US average is $69,021 a year.