Otterville, MO is an excellent place for those looking to live in a rural community without breaking the bank. The average rent for a 2 bedroom is $730, which is significantly lower than the US average of $1,430. Prices at the local grocery stores are also much more affordable than in other areas of the country; with an index of 94 versus 100 in the US . In addition to its affordability, Otterville, MO also offers its residents many local businesses and services. Popular companies include Otterville Poultry Farm, Miller's Garage, and Reed's Auto Repair. With its low cost of living and abundance of amenities, it’s no wonder why so many people choose to call Otterville home.
Otterville has an unemployment rate of 3.8%. The US average is 6.0%.
Otterville has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Otterville
- The Sales Tax Rate for Otterville is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Otterville 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 Otterville
- The average income of a Otterville resident is $17,859 a year. The US average is $28,555 a year.
- The Median household income of a Otterville resident is $34,432 a year. The US average is $69,021 a year.