Park Hills, MO is a small town with a population of less than 5,000. Despite its size, Park Hills has attracted many local businesses and other amenities that make it an attractive place to live. For example, the average rent for a two-bedroom apartment is $740, which is much lower than the national average of $1,430. Additionally, groceries are much cheaper in Park Hills as the Grocery Cost Index is 93 compared to 100 in the US. There are several local businesses that provide goods and services such as the Southside Market & BBQ Restaurant and The Flower Bowl bowling alley. The cost of living in Park Hills overall may be lower than other towns and cities due to these factors making it an attractive place to live.
Park Hills has an unemployment rate of 5.3%. The US average is 6.0%.
Park Hills 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Park Hills
- The Sales Tax Rate for Park Hills is 9.1%. The US average is 7.3%.
- The Income Tax Rate for Park Hills 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 Park Hills
- The average income of a Park Hills resident is $16,516 a year. The US average is $28,555 a year.
- The Median household income of a Park Hills resident is $46,427 a year. The US average is $69,021 a year.