Linwood, NE is a small town with a population of around 500 people. It is an attractive area due to its low cost of living. The average two bedroom rental in Linwood is $860 compared to the US average of $1,430. The grocery cost index in Linwood is 92 versus 100 in the US making it even more affordable for groceries. There are many local businesses located in Linwood such as a general store, gas station, hardware store, diner, and pharmacy. Living in Linwood is very budget friendly as most everyday items can be acquired at lower prices than other areas. With its low cost of living and local businesses, it's no wonder why so many people decide to call Linwood home!
Linwood has an unemployment rate of 2.6%. The US average is 6.0%.
Linwood has seen the job market decrease by -1.9% 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 Linwood
- The Sales Tax Rate for Linwood is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Linwood 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 Linwood
- The average income of a Linwood resident is $16,581 a year. The US average is $37,638 a year.
- The Median household income of a Linwood resident is $24,773 a year. The US average is $69,021 a year.