St. Louis, Missouri is a great city for those who are looking to save money while still enjoying the amenities of a larger metropolitan area. The average two-bedroom rent in St. Louis is significantly lower than the US average, at only $1,020 versus the US average of $1,430. In addition to this, grocery costs are also lower with an index of 95 compared to the US’s 100.
This cost of living savings can be put towards activities in and around St. Louis. Major companies draw many professionals to the city such as Monsanto Company or Edward Jones Investments along with attractions like the Gateway Arch or Forest Park Zoo that make St. Louis a great place to live and work alike.
St. Louis has an unemployment rate of 6.3%. The US average is 6.0%.
St. Louis has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for St. Louis
- The Sales Tax Rate for St. Louis is 9.2%. The US average is 7.3%.
- The Income Tax Rate for St. Louis is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for St. Louis
- The average income of a St. Louis resident is $23,244 a year. The US average is $28,555 a year.
- The Median household income of a St. Louis resident is $48,751 a year. The US average is $69,021 a year.