Bowman, MO is a small town located in the heart of Missouri. The cost of living in Bowman is relatively affordable compared to the rest of the United States. For example, the average 2 bedroom rent in Bowman is $660 while it's $1,430 in the US which makes it almost half the price. Additionally, the grocery cost index for Bowman is 88 versus 100 in the US, suggesting that residents of this city pay less for groceries than other parts of the country.
Some of the local companies in Bowman include TGN Contracting Services, Jim's Automotive Repair Service Inc., and AT&T Store. These businesses are integral to providing quality services and goods to area residents at an affordable price. In conclusion, living in Bowman offers an opportunity to experience a quieter life with relatively low costs which translates into great savings for those who call this city home.
Bowman has an unemployment rate of 5.9%. The US average is 6.0%.
Bowman has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Bowman
- The Sales Tax Rate for Bowman is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bowman 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 Bowman
- The average income of a Bowman resident is $18,121 a year. The US average is $28,555 a year.
- The Median household income of a Bowman resident is $58,393 a year. The US average is $69,021 a year.