Malmo, NE is a city located near Omaha in the Midwest with a population of approximately 5,000. It is known for its low rental rates and cost of groceries compared to other cities in the United States. The average two-bedroom rent in Malmo is $900 while the same amount would be $1,430 elsewhere in the US. In addition, the grocery cost index for Malmo is 96 versus 100 in the US. Malmo has several well-known companies such as Union Pacific Railroad and Mutual of Omaha which have propelled economic growth for over a century. The city also has several popular landmarks that attract visitors throughout the year including Loess Hills State Forest, Fontenelle Forest Nature Center and Museum and Storz Brewery—one of Nebraska’s oldest brewing companies. With its mild climate and affordable living costs, Malmo makes an ideal place to live for those searching for an enjoyable quality of life.
Malmo has an unemployment rate of 2.6%. The US average is 6.0%.
Malmo has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Malmo
- The Sales Tax Rate for Malmo is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Malmo 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 Malmo
- The average income of a Malmo resident is $23,035 a year. The US average is $28,555 a year.
- The Median household income of a Malmo resident is $85,625 a year. The US average is $69,021 a year.