Altenburg, MO is a small town located in the southeastern part of the state. It is known for its unique history and culture, with many locals proud to call it home. There are numerous businesses in Altenburg, ranging from grocery stores to specialty shops. One of the most popular attractions is Dunn's Market which has been around since 1945 and offers fresh produce and other essentials. Rental prices in Altenburg are cheaper than average compared to other parts of the United States. The current cost for a two bedroom apartment is $770, whereas the national average is $1,430. Additionally, grocery costs in Altenburg are slightly lower than the national average index at 97 versus 100 in the US. Therefore, living in Altenburg can be quite affordable for people looking to settle down outside of larger cities.
Altenburg has an unemployment rate of 3.4%. The US average is 6.0%.
Altenburg has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Altenburg
- The Sales Tax Rate for Altenburg is 5.2%. The US average is 7.3%.
- The Income Tax Rate for Altenburg 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 Altenburg
- The average income of a Altenburg resident is $26,272 a year. The US average is $37,638 a year.
- The Median household income of a Altenburg resident is $57,768 a year. The US average is $69,021 a year.