St. Joseph, MO is an affordable place to live with a low cost of living compared to the nationwide average. According to the information provided, the 2 bedroom rent in St. Joseph is $930, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in St. Joseph is 95 versus 100 in the US, indicating that both essential items and housing are less expensive in this city than most other places. Not only does St. Joseph offer a great quality of life for those on a budget; it also has a thriving economy with several different local companies including Hy-Vee, MidWest Mobility Solutions, East Hills Mall and Airport Ford Lincoln Mercury.
St. Joseph has an unemployment rate of 4.1%. The US average is 6.0%.
St. Joseph has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for St. Joseph
- The Sales Tax Rate for St. Joseph is 8.7%. The US average is 7.3%.
- The Income Tax Rate for St. Joseph is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for St. Joseph
- The average income of a St. Joseph resident is $22,144 a year. The US average is $28,555 a year.
- The Median household income of a St. Joseph resident is $50,540 a year. The US average is $69,021 a year.