Zip 68865 (Phillips, NE) Economy


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68865 Phillips, NE is an ideal location for anyone looking for a new home due to its affordable cost of living. The 2 bedroom rent in this area is only $870 compared to the US average of $1,430, making it a great choice for those on a budget. Additionally, groceries cost nearly the same as in other parts of the US with a Grocery Cost Index at 97 out of 100. For those looking to start a career or business venture, there are many local companies such as Phillips Boiler Repair Service and Saint Joseph Catholic Church which provide plenty of job opportunities. All combined, it's no wonder that so many people choose 88865 Phillips, NE as their home.

Phillips (zip 68865) has an unemployment rate of 2.5%. The US average is 6.0%.

Phillips (zip 68865) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 27.1%, which is lower than the US average of 33.5%.

Tax Rates for Phillips (zip 68865)
- The Sales Tax Rate for Phillips (zip 68865) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Phillips (zip 68865) 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 Phillips (zip 68865)
- The average income of a Phillips (zip 68865) resident is $44,729 a year. The US average is $28,555 a year.
- The Median household income of a Phillips (zip 68865) resident is $88,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPhillips, NebraskaUnited States
  2.56
  -2.1%-6.2%
  27.1%33.5%
  5.5%6.2%
  6.8%4.6%
  $38,771$37,638
  $88,583$69,021
  $89,500$85,028
  Population by Occupation
  2.7%1.2%
  2.2%0.5%
  4.7%6.8%
  20.8%10.0%
  11.1%2.5%
  6.4%11.0%
  4.9%4.8%
  0.0%0.8%
  0.2%1.9%
  11.1%4.7%
  3.3%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  4.7%9.3%
  21.3%14.0%
  1.1%2.1%
  0.0%7.0%
  2.4%4.8%
  3.1%4.7%
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