Arnold, MO is a great place to live with many local companies and family-friendly attractions. The average rent for a two bedroom apartment in Arnold is $990, which is much lower than the national average of $1,430. The cost of living in Arnold is also relatively low when compared to the US overall; the Grocery Cost Index is 97 versus 100 nationally. The town has a variety of businesses ranging from small restaurants and shops to larger stores such as Walmart, Home Depot, McDonald's, and Target. With its affordability and close proximity to St Louis City, Arnold makes an excellent option for families or individuals looking for a place that offers everything they need without breaking the bank.
Arnold has an unemployment rate of 4.4%. The US average is 6.0%.
Arnold has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Arnold
- The Sales Tax Rate for Arnold is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Arnold 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 Arnold
- The average income of a Arnold resident is $27,081 a year. The US average is $28,555 a year.
- The Median household income of a Arnold resident is $63,755 a year. The US average is $69,021 a year.