Trumbull, NE is a great location to call home! It is a small community located in the Nebraska state of America. As of 2019, its population was estimated to be around 567 people. The cost of living in Trumbull, NE is notably lower than other parts of the nation. The average two bedroom rent is $920 while it would be about $1,430 in most areas of the US. Similarly, the grocery cost index is 95 compared to 100 in the other parts of America. This makes Trumbull a hotspot for people looking for affordable housing and groceries.
The community offers several local businesses that cater to the needs and wants of its residents as well as tourists. These businesses include shops such as a gas station/convenience store, a hardware store, an auto shop and auto supply shop, an ice cream parlor/bakery and dining options like local restaurants such as Lone Star Buffet & Grill. All these stores offer great deals on their merchandise which helps keep living costs low for residents in Trumbull..
Trumbull has an unemployment rate of 2.6%. The US average is 6.0%.
Trumbull has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 16.4%, which is lower than the US average of 33.5%.
Tax Rates for Trumbull
- The Sales Tax Rate for Trumbull is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Trumbull 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 Trumbull
- The average income of a Trumbull resident is $21,729 a year. The US average is $28,555 a year.
- The Median household income of a Trumbull resident is $94,500 a year. The US average is $69,021 a year.