Lincoln, NE is a great place to live with an affordable cost of living compared to other cities across the US. The average 2 bedroom rent in Lincoln is $1,050 versus the national average of $1,430. This makes it a great option for those who want to save money on living costs while still having access to all amenities necessary for comfortable living. Grocery Cost Index in Lincoln is also much lower than in most parts of the country at 97 verses 100 in the US.
In addition to low cost of living, Lincoln also provides good job opportunities with many local companies such as Sandhills Publishing, Nelnet, West Corporation, Bryan Health and Union Pacific Railroad being some of the largest employers. There are also numerous shopping centers and entertainment venues including Haymarket Park and Pinnacle Bank Arena for locals to enjoy.
Overall, Lincoln 68505 is an excellent place to live with its low cost of living and abundant job opportunities that make it easy for locals to make ends meet.
Lincoln (zip 68505) has an unemployment rate of 2.9%. The US average is 6.0%.
Lincoln (zip 68505) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Lincoln (zip 68505)
- The Sales Tax Rate for Lincoln (zip 68505) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lincoln (zip 68505) 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 (zip 68505)
- The average income of a Lincoln (zip 68505) resident is $25,127 a year. The US average is $28,555 a year.
- The Median household income of a Lincoln (zip 68505) resident is $67,291 a year. The US average is $69,021 a year.