Brainard, Nebraska is a small town with a population of just over 200 people. It is known for its low cost of living, with 2 bedroom rent being $840 compared to the US average 2 bedroom rent of $1,430. The grocery cost index in Brainard is also quite low at just 95 compared to the national average of 100. This makes it an ideal place for those looking to save on their housing costs without sacrificing on quality goods and services. There are several local businesses in Brainard that offer competitive prices and quality services such as Luna's Grocery Store, which offers fresh fruits, vegetables, and other essential items at affordable prices. Additionally, there are shops such as Brainard Hardware Store and Kepple Lumber Company that provide construction materials at reasonable rates. For those looking to relocate to an area with a lower cost of living where they can still access necessary amenities, Brainard is an excellent choice.
Brainard has an unemployment rate of 2.6%. The US average is 6.0%.
Brainard has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Brainard
- The Sales Tax Rate for Brainard is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Brainard 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 Brainard
- The average income of a Brainard resident is $29,517 a year. The US average is $28,555 a year.
- The Median household income of a Brainard resident is $56,875 a year. The US average is $69,021 a year.