Bismarck, MO is a small town located in the Midwest with a population under 10,000 people. It is known for its small-town charm and affordable cost of living. The median rent for a two-bedroom apartment is $750 per month, which is significantly lower than the US average of $1,430. Grocery costs are also relatively low at an index of 92 compared to the US average of 100. The area's low cost of living makes it an attractive location for businesses such as AgriBusiness Fertilizer & Chemicals Inc., A&M Electric Coop., and Hardware Home Center. Residents enjoy many conveniences despite the small-town size. In conclusion, Bismarck, MO offers a great quality of life at an affordable price point for those looking to live in a small town with big city amenities.
Bismarck has an unemployment rate of 5.3%. The US average is 6.0%.
Bismarck has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Bismarck
- The Sales Tax Rate for Bismarck is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Bismarck 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 Bismarck
- The average income of a Bismarck resident is $16,441 a year. The US average is $28,555 a year.
- The Median household income of a Bismarck resident is $40,104 a year. The US average is $69,021 a year.