De Soto, MO is a small city located near the Mississippi River in Jefferson County. The area is known for its affordable cost of living, with 2-bedroom rents coming in at just $870 per month compared to the US average of $1,430. Groceries are also quite affordable with an index score of 96 versus 100 in the US. De Soto is home to many local businesses such as Mid America Motorworks, Matt-Denny’s Corp., and De Soto Tire & Auto Repair. Mid America Motorworks is an automotive parts company that specializes in Volkswagen and other classic car restoration; Matt-Denny’s Corp. produces metal components for various industries; and De Soto Tire & Auto Repair provides full auto service from oil changes to brake repairs. With its laid back atmosphere and affordable cost of living, this small town has a lot to offer its residents.
De Soto has an unemployment rate of 4.4%. The US average is 6.0%.
De Soto has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for De Soto
- The Sales Tax Rate for De Soto is 6.9%. The US average is 7.3%.
- The Income Tax Rate for De Soto 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 De Soto
- The average income of a De Soto resident is $17,514 a year. The US average is $28,555 a year.
- The Median household income of a De Soto resident is $41,515 a year. The US average is $69,021 a year.