Camden, MO is a small town located in the northern part of Missouri. It is known for its affordable housing and convenience to other cities in the area. The average 2 bedroom rent in Camden is $930, which is significantly lower than the US average of $1430. This makes it an attractive option for many looking to move to the area. In addition, the grocery cost index in Camden is 93 compared to 100 in the US making it a more affordable option for groceries as well.
The economy of Camden revolves around small businesses such as DC Mowing & Landscaping LLC, BKS Performance & Automotive Repair, and TJ Hauling Incorporated. These locally owned companies give people of Camden job opportunities and create a sense of community that aids economic growth.
Overall, living in Camden can be very affordable with low rent prices and cheaper groceries compared to other areas. It also has local businesses that provide jobs for those who reside there. Therefore, Camden makes a great place for people looking for an inexpensive place to live with easy access to other cities nearby.
Camden has an unemployment rate of 4.6%. The US average is 6.0%.
Camden 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 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Camden
- The Sales Tax Rate for Camden is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Camden 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 Camden
- The average income of a Camden resident is $18,362 a year. The US average is $28,555 a year.
- The Median household income of a Camden resident is $66,250 a year. The US average is $69,021 a year.