Lincoln, Nebraska is a thriving city with a population of around 285,000 people. The rent for a two bedroom apartment in Lincoln is $810 per month, which is significantly lower than the national average of $1,430. This makes it an attractive place to live for those looking for an affordable home. On top of great rental costs, Lincoln also offers an attractive grocery cost index that stands at 96 compared to the US's 100. This means groceries are more affordable in Lincoln than they are in other cities across the nation.
The local economy of Lincoln is diverse and includes many large companies such as Bryan Health, Sandhills Publishing Company, and Nelnet. These companies offer employment opportunities and contribute greatly to the local economy of Lincoln. There are also many smaller businesses that make up the vibrant entrepreneurial spirit of Lincoln including Bodega’s Tacos y Tequila, Intersect Coworking Space, and Localmotive Food Truck.
Overall, 68502 provides great affordability when it comes to rent and groceries. With its wide range of businesses both small and large it has become an attractive place to call home for many Americans looking for a new start or just someplace new to live.
Lincoln (zip 68502) has an unemployment rate of 2.9%. The US average is 6.0%.
Lincoln (zip 68502) has seen the job market decrease by -2.2% 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 68502)
- The Sales Tax Rate for Lincoln (zip 68502) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lincoln (zip 68502) 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 68502)
- The average income of a Lincoln (zip 68502) resident is $30,813 a year. The US average is $37,638 a year.
- The Median household income of a Lincoln (zip 68502) resident is $56,567 a year. The US average is $69,021 a year.