Hermann, MO is a charming town located in the heart of Missouri. It is known for its top-notch wineries, beautiful rolling hills, and warm hospitality. The cost of living in Hermann is relatively low compared to the rest of the United States. The average 2-bedroom rent in Hermann is $900 versus an average US 2-bedroom rent at $1,430. The local grocery cost index is also lower than the national average at 96 versus 100. Local businesses like City Brewery and Fritz’s Bakery make up the downtown area with everything from craft beer to homemade breads. Hermann has something for everyone with its quaint atmosphere, affordable housing costs, and delicious food options.
Hermann has an unemployment rate of 4.1%. The US average is 6.0%.
Hermann 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 27.1%, which is lower than the US average of 33.5%.
Tax Rates for Hermann
- The Sales Tax Rate for Hermann is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Hermann 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 Hermann
- The average income of a Hermann resident is $20,129 a year. The US average is $28,555 a year.
- The Median household income of a Hermann resident is $55,161 a year. The US average is $69,021 a year.