Butterfield, MO is a small town located in southwestern Missouri that offers its residents a low cost of living. Rent for a two bedroom apartment is $740 compared to the national average of $1,430 while the Grocery Cost Index for the town is 94 compared to the national average of 100. Butterfield has many local businesses such as The Butterfield Bakery, The Butterfield Grill, and Butterfield Home & Garden Supplies which provide employment opportunities to residents. The lower cost of rent and groceries are attractive for people looking for an affordable place to live with plenty of job options.
Butterfield has an unemployment rate of 5.0%. The US average is 6.0%.
Butterfield has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is lower than the US average of 33.5%.
Tax Rates for Butterfield
- The Sales Tax Rate for Butterfield is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Butterfield 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 Butterfield
- The average income of a Butterfield resident is $17,254 a year. The US average is $28,555 a year.
- The Median household income of a Butterfield resident is $60,000 a year. The US average is $69,021 a year.