Arcola, MO is a small town with a population of about 563 people located in northern Missouri. The cost of living in this area is relatively low compared to the US as a whole, with 2 bedroom rent being $760 versus $1,430 nationally. Additionally, the Grocery Cost Index in Arcola is 93 as opposed to 100 in the US. This makes Arcola an ideal place for those looking to live affordably while still enjoying a small-town atmosphere. There are several local businesses such as Right Transportation LLC., Sprenkle Brothers Farms Inc., and Tacketts Butcher Shop that have been serving the community for many years. All in all, Arcola offers great value for money without compromising on hometown charm.
Arcola has an unemployment rate of 3.5%. The US average is 6.0%.
Arcola has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Arcola
- The Sales Tax Rate for Arcola is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Arcola 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 Arcola
- The average income of a Arcola resident is $15,022 a year. The US average is $37,638 a year.
- The Median household income of a Arcola resident is $33,854 a year. The US average is $69,021 a year.