Penermon, MO is a small town located in the Midwest that offers a slower paced life and an affordable cost of living. On average, two bedroom rent in Penermon will cost $670 per month versus $1,430 for two bedrooms in the US. The Grocery Cost Index in Penermon is 92 compared to 100 for the national index.
Local businesses include Penermon Farmer’s Market which sells local produce grown by local farmers and Higdon Groceries which specializes in organic foods. There are also several smaller shops like Peterson’s Auto Shop and Smith’s Hardware Store to provide goods and services at reasonable prices.
The lower cost of living in Penermon can be attributed to its smaller population size and lack of major corporate businesses or industries that would drive up costs due to high demand for their services or products. This allows residents to enjoy more reasonably priced goods and services without sacrificing quality or convenience.
Penermon has an unemployment rate of 4.7%. The US average is 6.0%.
Penermon has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Penermon
- The Sales Tax Rate for Penermon is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Penermon 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 Penermon
- The average income of a Penermon resident is $21,270 a year. The US average is $28,555 a year.
- The Median household income of a Penermon resident is $16,071 a year. The US average is $69,021 a year.