Coffey, MO is a small rural town located in the northern part of Missouri. The town is home to local businesses such as Coffey Motors, Coffey Pharmacy, and Coffey Farmers Co-Op. Residents of Coffey can take advantage of lower living costs compared to other places in the US, with 2 Bedroom Rent averaging $760 versus $1,430 nationally. Likewise, the Grocery Cost Index in Coffey is 91 compared to 100 nationwide. This means that groceries are generally cheaper in this small town than elsewhere around the country.
Coffey has an unemployment rate of 4.0%. The US average is 6.0%.
Coffey has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Coffey
- The Sales Tax Rate for Coffey is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Coffey 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 Coffey
- The average income of a Coffey resident is $13,253 a year. The US average is $28,555 a year.
- The Median household income of a Coffey resident is $29,250 a year. The US average is $69,021 a year.