Fayette, MO is a small town located in mid-Missouri. It offers a quiet suburban lifestyle with plenty of outdoor activities. The cost of living in Fayette is relatively low compared to other parts of the United States. The average 2 bedroom rent is $960, which is much lower than the national average of $1,430. The Grocery Cost Index is also significantly lower at 95 compared to 100 in the US.
Fayette has several local businesses including VFW Post 4981, First National Bank, and Weisens Hardware Store. There are also several grocery stores such as Save A Lot and Walmart Supercenter for all your shopping needs. With its low cost of living and stunning landscape Fayette is an ideal place to live or visit.
Fayette has an unemployment rate of 3.1%. The US average is 6.0%.
Fayette has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Fayette
- The Sales Tax Rate for Fayette is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Fayette 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 Fayette
- The average income of a Fayette resident is $17,620 a year. The US average is $37,638 a year.
- The Median household income of a Fayette resident is $46,484 a year. The US average is $69,021 a year.