66942 Formoso, KS is an attractive location in Rooks County with a wide range of amenities. The 2 bedroom rent in this area is cheaper than the US average, coming in at $720 versus $1,430. The cost of groceries here is also lower than the national average, with a grocery cost index of 87 compared to 100. It’s no surprise then that many businesses have chosen to set up shop here. Some local companies include North Central Kansas-Rooks Wildlife Area, L&M Auto Repair and Sales, K’s Tire Services Inc., Ann’s Hair Salon and Spa, and Grocery Depot. All these businesses provide valuable services to the residents of 66942 Formoso, KS and help contribute to its economic growth.
Formoso (zip 66942) has an unemployment rate of 2.6%. The US average is 6.0%.
Formoso (zip 66942) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Formoso (zip 66942)
- The Sales Tax Rate for Formoso (zip 66942) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Formoso (zip 66942) 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 Formoso (zip 66942)
- The average income of a Formoso (zip 66942) resident is $25,557 a year. The US average is $37,638 a year.
- The Median household income of a Formoso (zip 66942) resident is $27,083 a year. The US average is $69,021 a year.