Iron Mountain Lake, MO is a small town located in Missouri with a population of approximately 2,000 people. It is known for its scenic views and outdoor recreation opportunities. The cost of living there is lower than the national average, with two-bedroom rent averaging at $750 compared to the US average of $1,430; as well as its grocery cost index being 92 compared to the US average of 100. Local companies include Iron Mountain Lake Marina, H&P Construction LLC, and Red Roof Inn. With a low cost of living and plenty of nearby attractions, Iron Mountain Lake is an ideal place to live.
Iron Mountain Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Iron Mountain Lake has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Iron Mountain Lake
- The Sales Tax Rate for Iron Mountain Lake is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Iron Mountain Lake 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 Iron Mountain Lake
- The average income of a Iron Mountain Lake resident is $12,962 a year. The US average is $28,555 a year.
- The Median household income of a Iron Mountain Lake resident is $26,971 a year. The US average is $69,021 a year.