Martinsburg, NE Economy


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Martinsburg, NE is a small town located in the northeast corner of the state. It has become an increasingly popular place to live due to its low cost of living and close proximity to larger cities. Rent for two-bedroom apartments in Martinsburg averages at $820 per month, which is much lower than the national average of $1,430. The grocery cost index in Martinsburg is 94 compared to 100 nationally.
The town is home to many different businesses, such as Martinsburg Manufacturing Inc., Whiteford Electric Company, and CHS Sunflower LLC. These companies have created jobs and provided employment opportunities to those looking for work in the area. Additionally, it has a number of restaurants and cafes that cater to locals and visitors alike.
Overall, Martinsburg is a great place to live for those who are looking for an affordable lifestyle while still having access to all the amenities they need. The local economy offers plenty of job opportunities while also providing residents with relatively low prices on groceries and rent. Therefore, it's no surprise that this small town continues to grow in popularity amongst those seeking a more laid-back lifestyle with all the necessary services nearby.

Martinsburg has an unemployment rate of 2.7%. The US average is 6.0%.

Martinsburg has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.

Tax Rates for Martinsburg
- The Sales Tax Rate for Martinsburg is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Martinsburg 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 Martinsburg
- The average income of a Martinsburg resident is $23,299 a year. The US average is $37,638 a year.
- The Median household income of a Martinsburg resident is $31,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMartinsburg, NebraskaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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