Montevallo, MO is a bustling town located in the midwest. It is known for its affordable cost of living, with two bedroom rent averaging at $790 compared to the US average of $1,430. Grocery Cost Index is also low in Montevallo at 91 versus 100 in the US. This makes Montevallo an ideal place to set up shop and start a family. There are many local companies such as Montevallo Manufacturing Company, Big Sky Financial Services, and Midwest Home Remodeling. These companies bring great jobs and economic growth to the area as well as provide valuable services to the community.
Montevallo has an unemployment rate of 3.5%. The US average is 6.0%.
Montevallo has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Montevallo
- The Sales Tax Rate for Montevallo is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Montevallo 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 Montevallo
- The average income of a Montevallo resident is $19,926 a year. The US average is $28,555 a year.
- The Median household income of a Montevallo resident is $60,682 a year. The US average is $69,021 a year.