The city of Colby, Kansas (67701) is a small city with an estimated population of 5,461 people. The median 2 bedroom rent in Colby is $830, which is significantly lower than the US median rent of $1,430. This makes Colby a great place for those who value affordability. Additionally, prices for food and grocery items are also much lower in Colby compared to the average US index. The Grocery Cost Index in Colby is 95 versus 100 in the US.
Colby has many businesses that contribute to its local economy such as S&S Propane, Pro Ag Supply Co., Midway Motors, Cornhusker Motors, and Dollar General. These companies offer great services and convenience to locals at competitive prices that make living in the area even more enticing. Compared to other areas across the country, Colby offers a very affordable cost of living that many find attractive.
Colby (zip 67701) has an unemployment rate of 2.0%. The US average is 6.0%.
Colby (zip 67701) has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Colby (zip 67701)
- The Sales Tax Rate for Colby (zip 67701) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Colby (zip 67701) is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Colby (zip 67701)
- The average income of a Colby (zip 67701) resident is $28,208 a year. The US average is $28,555 a year.
- The Median household income of a Colby (zip 67701) resident is $68,457 a year. The US average is $69,021 a year.