Laurel, NE is a small city located in Cedar County with a population of around 2,000 people. It offers a wide variety of local businesses such as The Bank of Laurel, BankWest Financial Services, and Cedar County Bank. Despite its size, there are numerous recreational activities to enjoy such as golfing, swimming and biking. The cost of living in Laurel is relatively low compared to the national average; for instance the median rent for two bedroom apartments is $760 while the US average is $1,430. Additionally, groceries in Laurel have an index score of 94 compared to 100 in the US. All these factors make Laurel an attractive place to settle down or start a business.
Laurel has an unemployment rate of 2.0%. The US average is 6.0%.
Laurel has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Laurel
- The Sales Tax Rate for Laurel is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Laurel 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 Laurel
- The average income of a Laurel resident is $28,569 a year. The US average is $37,638 a year.
- The Median household income of a Laurel resident is $55,833 a year. The US average is $69,021 a year.