Annapolis, MO is a quaint town located in the heart of Missouri. It's a great place to call home with plenty of amenities and local businesses to explore. The cost of living in Annapolis, MO is quite low when compared to other cities across the US. According to data from Numbeo, the average rent for a 2-bedroom apartment here is $740 per month - significantly lower than the national average of $1,430. Additionally, Numbeo's Grocery Cost Index rates Annapolis' grocery costs at 93 versus 100 in the US, making it an affordable place to shop for groceries as well.
Annapolis features many local companies that make it unique. Small businesses like Bob's Barber Shop, Hillside Hardware Supply and Hendricks Garden Center are just some examples of what you can find here. These places provide residents with quality goods and services at a reasonable price making them an integral part of life in Annapolis.
All things considered, Annapolis MO is an ideal location for anyone looking to live comfortably while still spending less on everyday expenses. The low cost of rent paired with accessible grocery prices makes this an attractive destination for potential residents looking to save money without sacrificing quality goods or services.
Annapolis has an unemployment rate of 6.2%. The US average is 6.0%.
Annapolis has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 5.1%, which is lower than the US average of 33.5%.
Tax Rates for Annapolis
- The Sales Tax Rate for Annapolis is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Annapolis 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 Annapolis
- The average income of a Annapolis resident is $14,651 a year. The US average is $28,555 a year.
- The Median household income of a Annapolis resident is $24,375 a year. The US average is $69,021 a year.