Broadwater, NE is a small town with a population of about 1,200 people. The cost of living is relatively low in Broadwater compared to the US as a whole. For example, the median rent for a two bedroom apartment in Broadwater is $800 whereas the US median rent is $1,430. Similarly, the Grocery Cost Index in Broadwater is 90 versus 100 in the US. This makes Broadwater an attractive place for families looking to move to or visit on vacation.
Broadwater has many local businesses that make it unique and provide exceptional amenities to visitors and residents alike. Some of these local companies include Sunshine Café, which provides delicious home-cooked meals; The Store For All Seasons, offering clothing and accessories; and M & M Insurance Agency, providing competitive insurance options for car and homeowners alike.
Broadwater has an unemployment rate of 2.6%. The US average is 6.0%.
Broadwater has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Broadwater
- The Sales Tax Rate for Broadwater is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Broadwater 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 Broadwater
- The average income of a Broadwater resident is $23,317 a year. The US average is $37,638 a year.
- The Median household income of a Broadwater resident is $36,250 a year. The US average is $69,021 a year.