Mill Spring, MO is a small town with a population of roughly 2,000 people located in the Midwest. The cost of living in this area is relatively low compared to the rest of the country. The average two bedroom rent price in Mill Spring is much lower at $760 per month versus $1,430 for the US. Similarly, grocery costs are around 96 compared to 100 nationally. There are several local businesses that operate here like Walmart and George's Pizza which offer great services to locals while supporting the economy. Other small businesses include Bob’s Cafe and Mill Spring Auto Care Center offering unique experiences. With its low cost of living and vibrant local business scene, Mill Spring makes for a great place to live.
Mill Spring has an unemployment rate of 5.1%. The US average is 6.0%.
Mill Spring has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 12.6%, which is lower than the US average of 33.5%.
Tax Rates for Mill Spring
- The Sales Tax Rate for Mill Spring is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Mill Spring 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 Mill Spring
- The average income of a Mill Spring resident is $10,838 a year. The US average is $28,555 a year.
- The Median household income of a Mill Spring resident is $20,556 a year. The US average is $69,021 a year.