Gray Summit, MO is an ideal town to live in for those seeking to reduce their living expenses. The average 2 bedroom rent rate is $920 compared to the US average of $1,430, and the grocery cost index is 98 compared to 100 in the US. The small town atmosphere and close proximity to St Louis make Gray Summit attractive to residents looking for a peaceful lifestyle. Gray Summit has many local companies such as BigBend Express Trucking and J & R Machine Company that provide employment opportunities. The beauty of the rolling hills of Franklin County can be seen from all parts of Gray Summit with a car or bike ride out into nature.
Gray Summit has an unemployment rate of 4.3%. The US average is 6.0%.
Gray Summit has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Gray Summit
- The Sales Tax Rate for Gray Summit is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Gray Summit 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 Gray Summit
- The average income of a Gray Summit resident is $20,160 a year. The US average is $28,555 a year.
- The Median household income of a Gray Summit resident is $64,227 a year. The US average is $69,021 a year.