Lock Springs, MO is a small rural community located in Missouri. It is known for its affordable rent and cost of living. Two bedroom apartments typically rent for $730, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Lock Springs is 94 compared to 100 nationally. This makes it a great place to live for individuals and families who are looking to stretch their budgets further.
Some popular local companies include Lock Springs Packing Company, which offers fresh meats and produce; Lock Springs Electric Co-Op, which provides electrical power to residents in the area; and Williams Logging Co., which specializes in timber harvesting.
Lock Springs has an unemployment rate of 4.0%. The US average is 6.0%.
Lock Springs has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Lock Springs
- The Sales Tax Rate for Lock Springs is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Lock Springs 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 Lock Springs
- The average income of a Lock Springs resident is $11,521 a year. The US average is $28,555 a year.
- The Median household income of a Lock Springs resident is $101,250 a year. The US average is $69,021 a year.