Homestead, MO is a small city located in the Midwest. It has a population of approximately 2,300 people and is known for its low cost of living. The average 2 bedroom rental price in Homestead is $930 per month which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Homestead is 96 compared to the US average of 100. This makes groceries in Homestead more affordable than many other areas. Some local attractions include the annual Freedom Festival held each summer and various outdoor activities such as hiking and biking at nearby trails. Popular local businesses include Papa Joe's Pizza and Corbin Hardware Store.
Homestead has an unemployment rate of 4.6%. The US average is 6.0%.
Homestead has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Homestead
- The Sales Tax Rate for Homestead is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Homestead 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 Homestead
- The average income of a Homestead resident is $18,894 a year. The US average is $28,555 a year.
- The Median household income of a Homestead resident is $53,750 a year. The US average is $69,021 a year.