Parsons, KS (with zip code 67357) is an ideal location for those looking for a more affordable cost of living. The 2 bedroom rent in the area is $720, which is significantly less than the US average of $1,430. Likewise, the grocery cost index in Parsons is 90 versus 100 in the US. This means that groceries are relatively more affordable here compared to the rest of the country.
The local economy is centered primarily around agriculture and manufacturing industries, with major companies such as Cargill and Tyson Foods offering employment opportunities in both areas. In addition to these, there are also several smaller businesses within the city that cater to retail and restaurant needs such as Town Talk Coffee & Bistro, Parsons Bread Company, and It’s All About You Boutique Gift Shop. With its low cost of living and diverse range of jobs available, Parsons can make a great home for those looking for work-life balance in a small town setting.
Parsons (zip 67357) has an unemployment rate of 4.0%. The US average is 6.0%.
Parsons (zip 67357) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Parsons (zip 67357)
- The Sales Tax Rate for Parsons (zip 67357) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Parsons (zip 67357) 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 Parsons (zip 67357)
- The average income of a Parsons (zip 67357) resident is $27,264 a year. The US average is $37,638 a year.
- The Median household income of a Parsons (zip 67357) resident is $51,152 a year. The US average is $69,021 a year.