Boonville, MO is a charming small town located in the heart of Cooper County. It is known for its historical buildings and attractions as well as for its affordability. The average rent for a two-bedroom apartment in Boonville is $790, which is much lower than the US average of $1,430. Furthermore, the Grocery Cost Index in Boonville is 93 compared to 100 in the US, further demonstrating that it's an affordable place to live.
Local companies in Boonville include Missouri Valley Community Action Agency (MVCAA), In Home Care Management, and Hayley Insurance Group Inc., amongst others. MVCAA provides services such as transportation and energy assistance to residents while In Home Care Management offers home health care services such as medical equipment rentals and skilled nursing visits. Hayley Insurance Group Inc. specializes in business insurance and employee benefits packages as well as individual health plans and life insurance policies..
Overall, Boonville has a very low cost of living compared to many other cities across the United States due to its low rent prices and grocery costs index rate. This makes it an ideal place for anyone looking for an affordable place to call home.
Boonville has an unemployment rate of 3.8%. The US average is 6.0%.
Boonville 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 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Boonville
- The Sales Tax Rate for Boonville is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Boonville 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 Boonville
- The average income of a Boonville resident is $18,100 a year. The US average is $28,555 a year.
- The Median household income of a Boonville resident is $46,227 a year. The US average is $69,021 a year.