Wallace, NE is a small city located in Lincoln County. It offers a lower cost of living than the US average as evidenced by the 2 bedroom rent being $880 versus $1,430 nationally and a grocery cost index of 94 versus 100 nationwide. The city offers many amenities such as local businesses like the Wallace Cafe, Wallace Machine Shop, and Wallace Motors. For those looking to explore the area there are many attractions including Brewster Creek Trail for hiking, Bear Canyon Lake for swimming or fishing, and Lola's Bar & Grill for good eats.
Wallace has an unemployment rate of 2.3%. The US average is 6.0%.
Wallace 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 Wallace
- The Sales Tax Rate for Wallace is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wallace 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 Wallace
- The average income of a Wallace resident is $22,630 a year. The US average is $28,555 a year.
- The Median household income of a Wallace resident is $46,250 a year. The US average is $69,021 a year.