Diamond, MO is a small town located in southwest Missouri. It is surrounded by many small towns that make up the area known as the Ozarks. With a population of around 2,000 people, Diamond is a great place to live for those who enjoy rural life. The cost of living is quite affordable with an average two bedroom rent costing only $760 compared to the US average of $1,430. Grocery costs are also low with a grocery cost index of 95 versus 100 nationally.
The local economy mainly consists of small businesses such as restaurants, gas stations, churches and even a winery called Cedar Ridge Winery & Distillery. There are also some larger employers in the area such as Tyson Foods and Schreiber Foods that provide jobs for residents. Overall Diamond, MO has something to offer everyone looking for a laid back rural lifestyle that can be found in this area of Southwest Missouri.
Diamond has an unemployment rate of 3.9%. The US average is 6.0%.
Diamond has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Diamond
- The Sales Tax Rate for Diamond is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Diamond 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 Diamond
- The average income of a Diamond resident is $26,044 a year. The US average is $37,638 a year.
- The Median household income of a Diamond resident is $64,438 a year. The US average is $69,021 a year.