Bloomfield, MO is located in Stoddard County and is a small town with a population of about 1,500. The cost of living here is quite affordable with 2 bedroom rent being only $730 compared to the US average of $1,430. Additionally, the grocery cost index for Bloomfield, MO is 92 versus 100 in the US. This makes it quite attractive for people looking to move out from expensive cities and settle down somewhere more budget friendly. The town also offers plenty of activities and attractions - such as the Elephant Rocks State Park and historic Springfield downtown area - that make it an entertaining place to live. Moreover, there are various family-run businesses such as Corner Market Grocery Store, Johnson's Auto Sales & Service, among others that provide employment opportunities for locals.
Bloomfield has an unemployment rate of 4.7%. The US average is 6.0%.
Bloomfield has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Bloomfield
- The Sales Tax Rate for Bloomfield is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Bloomfield 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 Bloomfield
- The average income of a Bloomfield resident is $20,198 a year. The US average is $28,555 a year.
- The Median household income of a Bloomfield resident is $39,777 a year. The US average is $69,021 a year.