Zip 68050 (Prague, NE) Economy


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Prague, Nebraska is a small city located in the Midwest region of the United States. The population is estimated to be around 6,850. Rent for two bedroom apartments is around $830 per month, which is more affordable than the average U.S. rent for two-bedroom apartments ($1,430). Additionally, grocery costs remain comparatively low with an index of 94 compared to 100 nationally.
Living in Prague provides individuals access to a variety of amenities and services. There are several local businesses that contribute to the economy including Prague Pizza & Grocery Store, J's Tavern & Grill, Czechoslovakian Museum & Library, and Riverview Mobile Home Park. These establishments offer residents multiple dining options and entertainment as well as resources that celebrate local heritage. Moreover, there are several outdoor recreational activities available such as fishing at riverbanks or hunting on prairie fields nearby. With its convenient location and relatively low cost of living, Prague remains an ideal spot for those seeking comfortable living situations without breaking their budget.

Prague (zip 68050) has an unemployment rate of 2.6%. The US average is 6.0%.

Prague (zip 68050) has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.

Tax Rates for Prague (zip 68050)
- The Sales Tax Rate for Prague (zip 68050) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Prague (zip 68050) 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 Prague (zip 68050)
- The average income of a Prague (zip 68050) resident is $27,127 a year. The US average is $37,638 a year.
- The Median household income of a Prague (zip 68050) resident is $49,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPrague, NebraskaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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