Basin, NE is a small town located in the midwest with a population of around 1,000 people. The town is known for its rural charm and friendliness to visitors. Life in Basin is made more affordable by its low rent prices; two bedroom apartments generally cost about $810 per month, compared to the US average of $1,430. Grocery costs are also very reasonable in Basin; the grocery cost index for Basin is 97 versus 100 in the US.
Basin boasts several local businesses that help make life simpler and more affordable for its residents. Businesses like Save-A-Lot grocery store and Grandpa's Auto Repair offer excellent products and services at competitive prices. Additionally, many businesses are owned by locals who understand the economic needs of their fellow citizens, helping keep costs down even further. This all contributes to Basin's low cost of living when compared to other areas around the country.
Basin has an unemployment rate of 2.1%. The US average is 6.0%.
Basin has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Basin
- The Sales Tax Rate for Basin is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Basin 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 Basin
- The average income of a Basin resident is $26,974 a year. The US average is $28,555 a year.
- The Median household income of a Basin resident is $75,221 a year. The US average is $69,021 a year.