Randolph, KS is a small town of 665 people located in Clay county. The median 2 Bedroom rent is substantially lower than the US average at $820 per month. Similarly, the Grocery Cost Index in Randolph is 97 compared to 100 for the entire US. This means that goods and services are more affordable in this area when compared to other parts of the country.
The local economy is primarily based on agriculture, with various companies such as First Kansas Bank, M&M Farms Inc., and Daley's Service Center all providing employment opportunities for many of the town residents. These businesses serve community members throughout Randolph and its surrounding areas, helping to drive economic growth in this small town.
Randolph (zip 66554) has an unemployment rate of 3.3%. The US average is 6.0%.
Randolph (zip 66554) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Randolph (zip 66554)
- The Sales Tax Rate for Randolph (zip 66554) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Randolph (zip 66554) 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 Randolph (zip 66554)
- The average income of a Randolph (zip 66554) resident is $45,415 a year. The US average is $37,638 a year.
- The Median household income of a Randolph (zip 66554) resident is $70,469 a year. The US average is $69,021 a year.