Dearborn, Missouri is a small city situated in the heart of the Midwest. It is a great place for families to live as it has a low cost of living due to its affordable housing and grocery options. The median rent for a two-bedroom apartment is only $950 per month, compared to the national average of $1,430 for the same size dwelling. The Grocery Cost Index in Dearborn is 97 compared to 100 in the US, making it more affordable than most cities when it comes to essential groceries. There are several local businesses that give residents an opportunity to work close to home such as Walmart, Lowe's Home Improvement, and Sonic Drive-In. With its low cost of living, Dearborn provides an ideal place for people looking for a balanced lifestyle both financially and socially.
Dearborn has an unemployment rate of 3.8%. The US average is 6.0%.
Dearborn has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 36.0%, which is higher than the US average of 33.5%.
Tax Rates for Dearborn
- The Sales Tax Rate for Dearborn is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Dearborn 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 Dearborn
- The average income of a Dearborn resident is $22,823 a year. The US average is $28,555 a year.
- The Median household income of a Dearborn resident is $38,984 a year. The US average is $69,021 a year.