Plato, MO is a small town with a population of approximately 500 people. Rent for a two bedroom apartment in the city is significantly lower than the US average, making it a great place for those looking for more affordable housing. The cost of groceries in Plato is also lower than the national index, making it even more attractive for potential residents. Local companies in Plato include Henderson's Country Store, Homefield Farms Dairy, and Coleman Auto Supply. All three businesses have been serving the community for years and are an integral part of the town.
Plato has an unemployment rate of 4.7%. The US average is 6.0%.
Plato has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Plato
- The Sales Tax Rate for Plato is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Plato 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 Plato
- The average income of a Plato resident is $19,354 a year. The US average is $28,555 a year.
- The Median household income of a Plato resident is $51,875 a year. The US average is $69,021 a year.