Concordia, MO Economy


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Concordia, MO is a great place to live with many local businesses and attractions. The 2 bedroom rent in the city is $960, making it much cheaper than the average US rent of $1,430. The grocery cost index in Concordia is also lower than the national average at 95 versus 100.
The city boasts a number of great companies such as Concordia Floral Company, which has been providing unmatched services for more than 40 years; and Wahl Excavating & Construction, an experienced construction firm that is dedicated to providing quality service for a fair price. Other popular businesses include Argo's Country Store, serving fresh fruit and vegetables; Granneman's Bakery which offers cakes and pastries; and Lipker's Home Center selling furniture and home goods.
In addition to its local businesses, Concordia has plenty of features that make it an attractive place to live. Residents can enjoy activities such as fishing on Connelly Lake or exploring the unique ecosystems of Luce Run State Natural Area. For those who love shopping there are several malls located nearby offering a wide variety of stores for all tastes. With its low costs of living combined with all these great amenities, Concordia is truly an ideal location for families and individuals alike.

Concordia has an unemployment rate of 4.0%. The US average is 6.0%.

Concordia has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Concordia
- The Sales Tax Rate for Concordia is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Concordia 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 Concordia
- The average income of a Concordia resident is $23,543 a year. The US average is $28,555 a year.
- The Median household income of a Concordia resident is $53,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyConcordia, MissouriUnited States
  46
  -3.1%-6.2%
  29.8%33.5%
  8.1%6.2%
  5.4%4.6%
  $29,178$37,638
  $53,250$69,021
  $74,063$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  4.1%6.8%
  25.3%10.0%
  0.0%2.5%
  16.8%11.0%
  0.0%4.8%
  0.4%0.8%
  1.7%1.9%
  7.8%4.7%
  0.7%1.9%
  3.3%7.6%
  0.0%0.1%
  0.7%4.2%
  8.8%9.3%
  15.3%14.0%
  0.0%2.1%
  8.1%7.0%
  3.6%4.8%
  2.9%4.7%
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