De Kalb, MO is a small rural town located in the north of the state. It offers a peaceful, family-friendly atmosphere and easy access to local amenities. The cost of living in De Kalb is relatively low compared to the national average, with 2 bedroom rent costing $950 as opposed to $1,430 nationally. Grocery costs are also lower than the national average, with an index rating of 95 versus 100 in the US. The affordable rent and reduced cost of living may be due to the low population size and lack of large companies operating locally. Local businesses such as restaurants, bars, stores and small service providers are likely to have the biggest impact on prices in De Kalb. These local businesses will have to compete with each other for customers which may explain why prices are so competitive compared to similar towns or cities in larger metropolitan areas.
De Kalb has an unemployment rate of 3.9%. The US average is 6.0%.
De Kalb has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for De Kalb
- The Sales Tax Rate for De Kalb is 5.8%. The US average is 7.3%.
- The Income Tax Rate for De Kalb 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 Kalb
- The average income of a De Kalb resident is $21,511 a year. The US average is $28,555 a year.
- The Median household income of a De Kalb resident is $74,500 a year. The US average is $69,021 a year.