Clearmont, MO is a great place to live and work. The average rent for a two bedroom apartment is just $790 per month, which is much lower than the US average of $1,430. Grocery costs in Clearmont are also quite low, with an index of 94 versus the US index of 100. This makes Clearmont an excellent choice for those looking to save money on living costs.
The city has a strong local economy focused on agriculture and manufacturing. There are large companies such as Advanced Agricultural Systems that produce seed blends for growing crops, as well as many smaller businesses such as cafes and boutiques that provide employment opportunities for locals. The unemployment rate in Clearmont is among the lowest in the state, meaning there are plenty of job opportunities for residents.
Clearmont has an unemployment rate of 2.9%. The US average is 6.0%.
Clearmont has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Clearmont
- The Sales Tax Rate for Clearmont is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Clearmont 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 Clearmont
- The average income of a Clearmont resident is $23,211 a year. The US average is $28,555 a year.
- The Median household income of a Clearmont resident is $55,938 a year. The US average is $69,021 a year.