Alma, MO is a small city located in the midwest region of the United States. It is known for its affordable living costs and excellent quality of life. The average two bedroom rental cost in Alma is significantly lower than that of the US average at $1,140 compared to $1,430 respectively. The grocery cost index in Alma is 95, while the US average is 100, making this a great place for those looking to save money on their weekly groceries and living costs.
The city of Alma has many local companies that provide goods and services to its residents. Examples include Home Lumber & Supply Inc., which offers building supplies; JB’s Auto Repair, which provides auto repair services; and the Downtown Bistro Cafe & Grill, which serves up delicious homemade meals and desserts daily. These are just some examples of businesses that provide employment opportunities to locals and bring economic growth to the area.
Alma has an unemployment rate of 4.0%. The US average is 6.0%.
Alma has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Alma
- The Sales Tax Rate for Alma is 5.9%. The US average is 7.3%.
- The Income Tax Rate for Alma 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 Alma
- The average income of a Alma resident is $34,537 a year. The US average is $28,555 a year.
- The Median household income of a Alma resident is $72,841 a year. The US average is $69,021 a year.