Octavia, NE is a small city located in the Midwest region of the United States. The rent for two bedroom apartments is much lower than the national average at $850 compared to $1,430. The grocery cost index in Octavia is also lower than the national average, with a rating of 95 compared to 100. Octavia's cost of living makes it an attractive area to live and work for those who are budget conscious. Local businesses in Octavia include Octavia Diner, a cozy diner serving up classic comfort food; Sarge's Auto Shop, an automotive repair shop; and Anne's Bakery, offering freshly baked cakes and pastries.
Octavia has an unemployment rate of 2.6%. The US average is 6.0%.
Octavia has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Octavia
- The Sales Tax Rate for Octavia is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Octavia 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 Octavia
- The average income of a Octavia resident is $24,728 a year. The US average is $37,638 a year.
- The Median household income of a Octavia resident is $59,844 a year. The US average is $69,021 a year.