Wood River, NE is a small city located in the central region of Nebraska. The 2-bedroom rent in Wood River is significantly lower than the average US rent price of $1,430 per month. Additionally, the Grocery Cost Index in Wood River is 97 compared to 100 in the US, making it an affordable place to live. \nThe city has a range of local businesses from stores like LaMar’s Supermarket and shoe shops like Boot Country Shoes & Boots. There are also restaurants such as Texas Bar-B-Q Junction that have been around for several decades. In comparison to other areas of the US, Wood River offers a more economical lifestyle with lower rents and more affordable groceries.
Wood River has an unemployment rate of 3.3%. The US average is 6.0%.
Wood River has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Wood River
- The Sales Tax Rate for Wood River is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Wood River 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 Wood River
- The average income of a Wood River resident is $25,273 a year. The US average is $37,638 a year.
- The Median household income of a Wood River resident is $62,500 a year. The US average is $69,021 a year.