Toronto, KS is a friendly small town that offers an affordable cost of living. The median 2 bedroom rent in town is just $700, compared to the US average of $1,430. There are many local businesses in Toronto such as the Brown's Grocery Store and the George's Hardware Store. Additionally, the Grocery Cost Index for Toronto is 88 versus 100 in the US, indicating that groceries are much more affordable here than they are elsewhere. All things considered, these factors make Toronto a great place to live for anyone looking for affordability and convenience.
Toronto has an unemployment rate of 4.4%. The US average is 6.0%.
Toronto has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Toronto
- The Sales Tax Rate for Toronto is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Toronto 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 Toronto
- The average income of a Toronto resident is $24,679 a year. The US average is $37,638 a year.
- The Median household income of a Toronto resident is $30,500 a year. The US average is $69,021 a year.