Missouri State is an area of the US known for its affordable living costs and thriving business climate. The average two bedroom rent in Missouri State is $950 compared to the US average of $1,430. This makes it a great choice for those looking for an affordable place to live. Furthermore, the grocery cost index in Missouri State is 95 versus 100 in the US which makes food costs relatively low. \nFor those considering a move to Missouri State, there are plenty of options when it comes to local businesses. Some popular businesses include Bass Pro Shops, O’Reilly Automotive, and Build-A-Bear Workshop. All of these companies have headquarters in Missouri and provide jobs for locals as well as offering services for visitors.
Missouri has an unemployment rate of 4.4%. The US average is 6.0%.
Missouri 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 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Missouri
- The Sales Tax Rate for Missouri is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Missouri 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 Missouri
- The average income of a Missouri resident is $26,006 a year. The US average is $28,555 a year.
- The Median household income of a Missouri resident is $61,043 a year. The US average is $69,021 a year.