Birmingham, MO is a great place to live, work, and play. The cost of living is lower than the national average, with 2 bedroom rent in the city being $1,300 compared to $1,430 in the US. Groceries are also less expensive here with a grocery cost index of 94 versus 100 in the US. This makes Birmingham a great option for people looking to save money while living an enjoyable life. There are plenty of local companies for residents to work at as well, such as the Birmingham-based newspaper The Shelby County Star or local auto repair shop D & B Automotive Solutions. People living in Birmingham can enjoy all that this small town has to offer while still saving money compared to other parts of the country.
Birmingham has an unemployment rate of 4.2%. The US average is 6.0%.
Birmingham has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Birmingham
- The Sales Tax Rate for Birmingham is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Birmingham 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 Birmingham
- The average income of a Birmingham resident is $28,891 a year. The US average is $37,638 a year.
- The Median household income of a Birmingham resident is $59,167 a year. The US average is $69,021 a year.