Louisburg, MO is a small town located in Miami County with a population of around 3,500 people. It's an ideal place to live if you're looking for affordable housing as 2 bedroom rent in Louisburg is $750 compared to the US average of $1,430. Additionally, many local companies provide employment opportunities such as DHL Express and Walmart Distribution Center that support the economy of the town. The low cost of living is due to the small population size and lack of expensive amenities or services found in bigger cities. The Grocery Cost Index in Louisburg is 93 versus 100 in the US which further illustrates how budget-friendly it can be to live there.
Louisburg has an unemployment rate of 4.6%. The US average is 6.0%.
Louisburg has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Louisburg
- The Sales Tax Rate for Louisburg is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Louisburg 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 Louisburg
- The average income of a Louisburg resident is $12,944 a year. The US average is $28,555 a year.
- The Median household income of a Louisburg resident is $41,875 a year. The US average is $69,021 a year.