Cosby, MO is a small city located in Missouri. It is a suburban area with an affordable cost of living when compared to the rest of the United States. The average rent for a 2-bedroom apartment is $900, which is much lower than the national average of $1,430. Grocery costs are also quite low in Cosby, MO as the index stands at 98 compared to 100 in the US. The city has many local businesses such as Trish and Tom's Cafe, Marry's Hair Salon, and Dominic's Automotive Repair Shop that serve its residents' needs and offer employment opportunities in the local economy.
Cosby has an unemployment rate of 3.2%. The US average is 6.0%.
Cosby has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Cosby
- The Sales Tax Rate for Cosby is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Cosby 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 Cosby
- The average income of a Cosby resident is $16,105 a year. The US average is $28,555 a year.
- The Median household income of a Cosby resident is $63,750 a year. The US average is $69,021 a year.