Buchanan, MO is a small town located in the midwest of the United States with a population of just under 3,000 people. The area is known for its low rental rates and affordable grocery costs. Renting a two-bedroom apartment in Buchanan averages around $730 per month, compared to $1,430 nationally. The Grocery Cost Index in Buchanan is 88 compared to 100 nationally.
The town has ample opportunities for employment with companies such as Apple Manufacturing Inc., Buchanan County Library System, Stussy Brothers Refrigeration & Air Conditioning LLC, and J&W Equipment Co. In addition to these businesses, locals also enjoy being close to nearby attractions such as the Lake of the Ozarks State Park and the Raccoon River Valley Trail.
Buchanan has an unemployment rate of 5.9%. The US average is 6.0%.
Buchanan has seen the job market increase by 3.8% 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 Buchanan
- The Sales Tax Rate for Buchanan is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Buchanan 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 Buchanan
- The average income of a Buchanan resident is $16,868 a year. The US average is $37,638 a year.
- The Median household income of a Buchanan resident is $34,063 a year. The US average is $69,021 a year.