Platte Woods, MO is a great place to live due to its low cost of living. The average 2 bedroom rent in Platte Woods is only $1,280, which is much lower than the U.S. average of $1,430. Furthermore, the Grocery Cost Index in Platte Woods is 100 versus 100 in the US, making it very affordable to purchase groceries. Local businesses in Platte Woods include local restaurants such as Lil Tootie's BBQ and The Skyline Diner, as well as retail stores like White Rabbit Gifts and Cut & Curl Salon and Spa. All of these businesses contribute to the vibrant economy of Platte Woods.
Platte Woods has an unemployment rate of 3.8%. The US average is 6.0%.
Platte Woods has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 36.0%, which is higher than the US average of 33.5%.
Tax Rates for Platte Woods
- The Sales Tax Rate for Platte Woods is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Platte Woods 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 Platte Woods
- The average income of a Platte Woods resident is $39,700 a year. The US average is $28,555 a year.
- The Median household income of a Platte Woods resident is $102,500 a year. The US average is $69,021 a year.