Maxwell, NE Economy


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Maxwell, NE is a small town located in the central part of Nebraska. It has a population of 1,101 as of 2019 and is an ideal destination for those who want to settle down in a peaceful and tranquil environment. The cost of living in Maxwell is lower than the US average, with 2 bedroom rent being $860 compared to the US average of $1,430. Additionally, the grocery cost index in Maxwell is 94 versus 100 for the US on average.
Maxwell offers plenty of recreational activities ranging from hiking trails to sports fields. The local businesses that serve this town include Maxwell Farm Supply, JK Mobile Home Park, and Enterprise Car Rental. Similarly, there are also stores such as The Dollar Tree Store and Maxwell Feed Store that provide goods and services to the locals. This small town may be considered sleepy by some but it offers its visitors and residents a relaxing atmosphere away from the hustle and bustle of bigger cities.

Maxwell has an unemployment rate of 2.3%. The US average is 6.0%.

Maxwell has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.

Tax Rates for Maxwell
- The Sales Tax Rate for Maxwell is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Maxwell 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 Maxwell
- The average income of a Maxwell resident is $26,510 a year. The US average is $28,555 a year.
- The Median household income of a Maxwell resident is $64,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMaxwell, NebraskaUnited States
  2.36
  -0.7%-6.2%
  24.9%33.5%
  5.5%6.2%
  6.8%4.6%
  $27,642$37,638
  $64,375$69,021
  $80,313$85,028
  Population by Occupation
  4.2%1.2%
  0.0%0.5%
  9.9%6.8%
  15.5%10.0%
  3.5%2.5%
  14.8%11.0%
  16.2%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  2.1%4.2%
  13.4%9.3%
  6.3%14.0%
  0.0%2.1%
  4.2%7.0%
  5.6%4.8%
  4.2%4.7%
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