Watson, MO is a small town located in the Midwestern United States. It offers a lower cost of living than the national average due to its lower rent and grocery costs. According to the given data, 2 bedroom rent in Watson is $760, which is less than half of the US 2 bedroom rent at $1,430. Additionally, the Grocery Cost Index in Watson is 92 versus 100 in the US.
The local businesses in Watson include Hays Meat Processing Inc., Watson Community Health Center, Rocking W Ranch Supply and Watson Cafe & Grill. Hays Meat Processing Inc. has been providing fresh meat products since 1976 and has become a staple in Watson's community. The Watson Community Health Center provides free medical care for qualifying individuals and families, as well as low cost preventative health services for those without insurance or who are underinsured. Rocking W Ranch Supply offers necessary supplies for ranching operations while also stocking pet food and tack items for horses and other animals. Finally, Watson Cafe & Grill serves up homemade dishes that have been popular among locals since it opened its doors in 2004.
Watson has an unemployment rate of 2.6%. The US average is 6.0%.
Watson has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Watson
- The Sales Tax Rate for Watson is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Watson 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 Watson
- The average income of a Watson resident is $16,731 a year. The US average is $28,555 a year.
- The Median household income of a Watson resident is $44,375 a year. The US average is $69,021 a year.