Lincoln, NE Metro Area is an attractive place for many people to live due its affordable cost of living. The average rent for two-bedroom apartments in the area is $970, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in the Lincoln Metro area is 99 compared to 100 in the US. There are numerous companies located in or near Lincoln such as Northrop Grumman Corporation, Nelnet Inc., and Assurity Life Insurance Company that provide residents with job opportunities. With its low rent prices and plentiful job options, Lincoln is a great place to call home.
Lincoln Metro Area has an unemployment rate of 2.9%. The US average is 6.0%.
Lincoln Metro Area has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Lincoln Metro Area
- The Sales Tax Rate for Lincoln Metro Area is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Lincoln Metro Area 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 Lincoln Metro Area
- The average income of a Lincoln Metro Area resident is $35,055 a year. The US average is $37,638 a year.
- The Median household income of a Lincoln Metro Area resident is $65,508 a year. The US average is $69,021 a year.