West Point, MO is a small town located in the United States. It is known for its friendly people and peaceful atmosphere. The cost of living in West Point, MO is quite affordable compared to many other towns. The average two bedroom rent costs approximately $870, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in West Point is 95 versus the 100 in the US. This shows that groceries are also cheaper in West Point than in most other places.
The town has several businesses that contribute to its local economy including a lumber yard, fruit stand, grocery store, auto repair shop and several restaurants. Residents of West Point enjoy a variety of activities including fishing, boating and hiking at nearby state parks or golfing at one of the local golf courses. All these factors make West Point an attractive place to live for individuals who want to save money while still enjoying a high quality of life.
West Point has an unemployment rate of 4.3%. The US average is 6.0%.
West Point has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for West Point
- The Sales Tax Rate for West Point is 6.2%. The US average is 7.3%.
- The Income Tax Rate for West Point 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 West Point
- The average income of a West Point resident is $17,975 a year. The US average is $28,555 a year.
- The Median household income of a West Point resident is $69,250 a year. The US average is $69,021 a year.