North Frankfort, NE is a small town located in Nebraska that offers an affordable cost of living. Rent for a two bedroom apartment is $850 compared to the average US two bedroom rent of $1,430. This makes it an attractive option for people seeking an affordable place to live. In addition, the Grocery Cost Index in North Frankfort is 96 compared to 100 in the US; groceries are significantly more affordable in this part of Nebraska than the rest of the country. Local companies that have made their home here include Sweetheart Bakery and The Marketplace Florist. All in all, North Frankfort provides residents with a low cost of living while still offering them access to local businesses.
North Frankfort has an unemployment rate of 2.4%. The US average is 6.0%.
North Frankfort has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for North Frankfort
- The Sales Tax Rate for North Frankfort is 5.5%. The US average is 7.3%.
- The Income Tax Rate for North Frankfort 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 North Frankfort
- The average income of a North Frankfort resident is $40,394 a year. The US average is $28,555 a year.
- The Median household income of a North Frankfort resident is $73,173 a year. The US average is $69,021 a year.