Fair Grove, MO is a great place to live. Its two bedroom rent is significantly lower than the national average at $730 a month. Grocery prices are also relatively low as the grocery cost index is 97 compared to 100 for the US. This makes it easier for residents to maintain their budget and have more financial freedom. The city has many amenities such as Lakeside Park which is a local favorite for picnics and outdoor activities. There are several local businesses including Fair Grove Pharmacy, Fair Grove Auto Repair, and The Pizza Place that provide services to the community. Living in Fair Grove offers an affordable cost of living with close proximity to a variety of recreational activities and amenities.
Fair Grove has an unemployment rate of 3.6%. The US average is 6.0%.
Fair Grove has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Fair Grove
- The Sales Tax Rate for Fair Grove is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Fair Grove 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 Fair Grove
- The average income of a Fair Grove resident is $27,224 a year. The US average is $37,638 a year.
- The Median household income of a Fair Grove resident is $64,259 a year. The US average is $69,021 a year.