Loretto, NE Economy


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United States / Nebraska / No Metro Area / Boone County / Loretto / Zip Codes
equestId":"af44bbbf-cf1a-4308-adc5-f88bec96089b","resource":"content","data":[{"id":"txt_5f48f9325e0e4541a93f09422fb22f2c","text":",\n \nLoretto, NE is a small town located in the heart of Nebraska. It is an ideal place for those looking to live among the natural beauty of the Midwest. Not only does Loretto have a wide array of outdoor activities and attractions, but it also provides its residents with an affordable cost of living. The average two-bedroom rent in Loretto is around $820 per month, which is substantially lower than the national average of $1,430. Furthermore, grocery costs are notably cheaper than the rest of the U.S., with an index rating of 96 versus 100 throughout the country. Local companies include Kirtland & Company, Clay County Real Estate Co., and Robert's Grocery Store.

Loretto has an unemployment rate of 1.8%. The US average is 6.0%.

Loretto 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 18.3%, which is lower than the US average of 33.5%.

Tax Rates for Loretto
- The Sales Tax Rate for Loretto is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Loretto 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 Loretto
- The average income of a Loretto resident is $25,795 a year. The US average is $37,638 a year.
- The Median household income of a Loretto resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLoretto, NebraskaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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