Altamont, MO is an attractive city for many reasons. It has an affordable cost of living compared to the US average. Rent for a two bedroom apartment is $770, which is significantly lower than the US average of $1,430. Grocery cost index in Altamont is also low at 94 versus 100 in the US. Additionally, Altamont offers plenty of job opportunities from local businesses such as Frazer's Hardware & Appliance Store, White River National Bank, Olsen Brothers Farmers Co-op and Muegge Construction Company. These companies are known for their friendly staff and excellent customer service. Altamont is a great place to live and work with its comfortable cost of living and local businesses providing solid employment opportunities.
Altamont has an unemployment rate of 4.0%. The US average is 6.0%.
Altamont has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Altamont
- The Sales Tax Rate for Altamont is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Altamont 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 Altamont
- The average income of a Altamont resident is $17,549 a year. The US average is $28,555 a year.
- The Median household income of a Altamont resident is $35,208 a year. The US average is $69,021 a year.