Economy in Columbia, MO

Columbia, MO is a great place to live as it offers many benefits such as affordability and convenience. The average two-bedroom rent in Columbia is $970 which is much lower than the US average of $1430. Additionally, grocery costs are also lower in Columbia with an index of 98 compared to 100 in the US. This means that residents of Columbia can save money on everyday living expenses. Local companies such as Boone Hospital Center and KOMU-TV offer employment opportunities for those who wish to stay in town while still enjoying all the amenities that come with living in a larger city. When it comes to leisure activities, Columbia has plenty of options for everyone, from museums and parks to art galleries and theatres - there's something for everyone!

Columbia has an unemployment rate of 3.0%. The US average is 6.0%.

Columbia has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Columbia
- The Sales Tax Rate for Columbia is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Columbia 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 Columbia
- The average income of a Columbia resident is $26,203 a year. The US average is $28,555 a year.
- The Median household income of a Columbia resident is $57,463 a year. The US average is $69,021 a year.