Bolivar, MO is a great place to live due to its relatively low cost of living. The average rent for a two-bedroom apartment is $750 compared to the US average of $1,430. It is also cheaper to buy groceries in Bolivar as the Grocery Cost Index is 97 versus 100 in the US on average. Furthermore, Bolivar has plenty of local businesses that help make up its vibrant economy. For example, Jordan Valley Community Health Center and Ozarks Technical Community College are two popular local establishments that offer various services to those who live in the area. In addition, there are several manufacturers and business parks located nearby such as Harbison Walker Refractory Products Co., O'Sullivan Films Corp., and Tungsten Heavy Powder & Parts Inc. All these companies contribute greatly to Bolivar's economy while providing jobs for residents at reasonable wages. Therefore, with its affordable housing and local businesses, it's no wonder why so many people choose to call Bolivar their home.
Bolivar has an unemployment rate of 3.5%. The US average is 6.0%.
Bolivar has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Bolivar
- The Sales Tax Rate for Bolivar is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Bolivar 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 Bolivar
- The average income of a Bolivar resident is $18,910 a year. The US average is $28,555 a year.
- The Median household income of a Bolivar resident is $37,233 a year. The US average is $69,021 a year.