Deepwater, MO is a rural community located in the Midwest region of the United States. It is home to many small businesses and local companies such as RJC Construction, Dungan Automotive, and Mike's Garage. This small-town has an affordable cost of living compared to other regions in the country. The average rent for a two bedroom apartment is $760 monthly which is much lower than the US average of $1,430 per month. The Grocery Cost Index in Deepwater, MO is also lower than the US average at 93 versus 100 in the US. These low costs make it attractive for people who are looking for a place to live without breaking their budget.
Deepwater has an unemployment rate of 4.3%. The US average is 6.0%.
Deepwater has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Deepwater
- The Sales Tax Rate for Deepwater is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Deepwater 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 Deepwater
- The average income of a Deepwater resident is $14,846 a year. The US average is $28,555 a year.
- The Median household income of a Deepwater resident is $35,625 a year. The US average is $69,021 a year.