Polo, MO is a small rural town located in Missouri. It is well known for its friendly locals and low cost of living. The average two bedroom rent in Polo is $920 per month, which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Polo stands at 94 compared to 100 nationally, suggesting that groceries are even more affordable in Polo than elsewhere in the country. \nThe town of Polo is home to a few local businesses such as B&E Equipment LLC, Miller Implement Sales Co., and Eikenberry Farm Services LLC. All three companies offer a wide range of services from agricultural implements to repairing farm equipment. With these local businesses combined with its low cost of living, it makes for an ideal place to live for those looking for a quiet rural town that won't break the bank.
Polo has an unemployment rate of 4.1%. The US average is 6.0%.
Polo has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Polo
- The Sales Tax Rate for Polo is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Polo 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 Polo
- The average income of a Polo resident is $16,863 a year. The US average is $28,555 a year.
- The Median household income of a Polo resident is $39,148 a year. The US average is $69,021 a year.