Luray, MO is a small town located in the northeast of Missouri. It has a population of just under 1,000 people, but offers a variety of activities and services to its residents. Rent for two-bedroom apartments is fairly affordable at $810 per month compared to the US two-bedroom rent of $1,430. The grocery cost index is also much lower than the national average with it being 93 versus 100 in the US.
Local businesses in Luray include Schlichtman's Hardware Store, which provides all sorts of supplies for home repairs and DIY projects; Stoddard County Farm Supply which stocks feed and equipment for livestock; and M&M Lumber Company, which specializes in high quality wood products such as furniture and flooring. There are also several local restaurants including Perkins Family Restaurant & Bakery, Pizza Stop & Shop, and Donut Palace Café & Bakery.
Luray has an unemployment rate of 4.8%. The US average is 6.0%.
Luray has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 10.5%, which is lower than the US average of 33.5%.
Tax Rates for Luray
- The Sales Tax Rate for Luray is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Luray 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 Luray
- The average income of a Luray resident is $14,467 a year. The US average is $28,555 a year.
- The Median household income of a Luray resident is $50,833 a year. The US average is $69,021 a year.