Chaffee, MO is a small city with a population of approximately 4,000 people. It is located in the southeastern corner of Missouri near the Arkansas border. The cost of living in Chaffee is much lower than the national average with a 2 bedroom rent listed at $880 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Chaffee is 93 versus 100 in the United States. This makes Chaffee an attractive and affordable place to live for those looking to relocate or invest.
The local economy is largely supported by several companies including S&H Farm Supply, S&K Logging LLC, S&N Utility Products Inc., and B & B Agriculture Services Inc. These businesses offer employment opportunities and contribute to the economic growth of Chaffee. Other attractions in Chaffee include nearby Mark Twain National Forest and St. Francois State Park offering outdoor recreation activities such as camping, fishing, and hiking.
Chaffee has an unemployment rate of 4.1%. The US average is 6.0%.
Chaffee 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 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Chaffee
- The Sales Tax Rate for Chaffee is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Chaffee 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 Chaffee
- The average income of a Chaffee resident is $14,835 a year. The US average is $28,555 a year.
- The Median household income of a Chaffee resident is $43,816 a year. The US average is $69,021 a year.