Sweet Springs, MO Economy


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Sweet Springs, Missouri is a great place to live due to its affordability and local amenities. The average cost of rent for a two bedroom home in Sweet Springs is $890 compared to the US average of $1,430, making it an attractive option for people looking for more affordable housing. The grocery cost index in Sweet Springs is also lower than the national average, making food shopping more manageable. There are many local companies in Sweet Springs including Whitlock Steel & Welding Supplies Inc., Mitchell Appliance Repair, and Warner Auto Repair & Towing. These businesses give Sweet Springs residents plenty of options when it comes to getting work done on their vehicles or appliances. All in all, Sweet Springs is an ideal place to live due to its affordability and access to local services at reasonable rates.

Sweet Springs has an unemployment rate of 3.4%. The US average is 6.0%.

Sweet Springs has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 17.1%, which is lower than the US average of 33.5%.

Tax Rates for Sweet Springs
- The Sales Tax Rate for Sweet Springs is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Sweet Springs 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 Sweet Springs
- The average income of a Sweet Springs resident is $18,659 a year. The US average is $28,555 a year.
- The Median household income of a Sweet Springs resident is $42,212 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySweet Springs, MissouriUnited States
  3.46
  -1.6%-6.2%
  17.1%33.5%
  6.2%6.2%
  5.4%4.6%
  $19,131$37,638
  $42,212$69,021
  $57,500$85,028
  Population by Occupation
  2.6%1.2%
  0.7%0.5%
  6.4%6.8%
  15.8%10.0%
  0.3%2.5%
  14.5%11.0%
  2.8%4.8%
  0.5%0.8%
  1.8%1.9%
  2.3%4.7%
  0.7%1.9%
  2.4%7.6%
  0.0%0.1%
  2.0%4.2%
  3.9%9.3%
  17.8%14.0%
  0.5%2.1%
  20.8%7.0%
  3.3%4.8%
  1.1%4.7%
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