Elm, MO is a small city located in Texas County in Missouri. The cost of living in Elm is quite affordable compared to the US average. Rent for a two bedroom apartment costs $750 per month which is significantly less than the national average of $1,430. Additionally, the grocery cost index in Elm is 90 versus 100 on the US average, providing further evidence that it is a reasonably priced place to live.
The city offers its residents a variety of local businesses to enjoy. Some popular local companies include C&R Supermarket & Hardware Store, MFA Oil Co., Hays Pharmacy & Gifts as well as Farber Insurance Agency. With its low prices and abundance of local businesses, Elm is an excellent place to call home.
Elm has an unemployment rate of 3.4%. The US average is 6.0%.
Elm has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 16.8%, which is lower than the US average of 33.5%.
Tax Rates for Elm
- The Sales Tax Rate for Elm is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Elm 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 Elm
- The average income of a Elm resident is $16,062 a year. The US average is $28,555 a year.
- The Median household income of a Elm resident is $47,273 a year. The US average is $69,021 a year.