Canton, MO is a small city with a population of around 4,000 people. It has a rent index of $750 for a two-bedroom apartment, which is significantly lower than the US average rent of $1,430. In terms of grocery costs, Canton's Index of 93 is also lower than the national average.
Canton is home to several local companies that provide great economic opportunities for its citizens. The most prominent companies in the area include Tri-Sure Fastening Systems and Steel Works LLC, both of which specialize in steel fabrication and metalworking services. Additionally, there is American Eagle Industries, which manufactures parts for military vehicles. These businesses provide employment to many members of the community and contribute greatly to its economy.
Canton has an unemployment rate of 3.4%. The US average is 6.0%.
Canton has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Canton
- The Sales Tax Rate for Canton is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Canton 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 Canton
- The average income of a Canton resident is $14,631 a year. The US average is $28,555 a year.
- The Median household income of a Canton resident is $41,479 a year. The US average is $69,021 a year.