Fordland, MO is a small town with a population of around 2,000 people. It is known for its low cost of living and affordable rent prices. The average two bedroom rent in Fordland is $720, which is significantly lower than the US average of $1,430. Additionally, the grocery Cost Index in Fordland is 97 versus 100 in the US. This difference makes it easy to save money on necessary expenses like food. The local economy also contributes to the affordability of the area. Popular companies include McDonald's, Subway, and Walmart Supercenter. Other local businesses include Rosita's Mexican Restaurant, Fordland Equipment LLC., and Jarvis Air Conditioning & Heating Services. All these companies help to increase employment opportunities and improve the quality of life for Fordlanders.
Fordland has an unemployment rate of 3.5%. The US average is 6.0%.
Fordland 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 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Fordland
- The Sales Tax Rate for Fordland is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Fordland 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 Fordland
- The average income of a Fordland resident is $15,449 a year. The US average is $28,555 a year.
- The Median household income of a Fordland resident is $39,375 a year. The US average is $69,021 a year.