Benedict, NE is a small rural community located in the Midwestern United States. It is well known for its low cost of living, with a 2 bedroom rent being only $890 compared to the US average of $1,430. Grocery costs are also lower in Benedict, with an index rating of 95 compared to 100 in the US. This makes it a great choice for families looking for affordability without sacrificing quality of life. Local companies such as Beck’s Pharmacy and Schumacher Hardware provide residents with jobs and access to necessary goods and services. The overall cost of living is much lower than most cities across the country, making it an attractive place to live for those on a budget.
Benedict has an unemployment rate of 2.0%. The US average is 6.0%.
Benedict has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Benedict
- The Sales Tax Rate for Benedict is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Benedict 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 Benedict
- The average income of a Benedict resident is $19,977 a year. The US average is $28,555 a year.
- The Median household income of a Benedict resident is $41,875 a year. The US average is $69,021 a year.