Hermitage, MO is a small town in the rural part of Missouri with a population of around 400 people. It is known for its friendly atmosphere and close-knit community. In Hermitage, the average rent for a two bedroom apartment is $860, which is lower than the US national average rent of $1,430. The grocery cost index in the town is also attractive compared to other places; it stands at 93 versus 100 in the US.
Hermitage offers plenty of opportunities for employment in local businesses such as G&M Service Station, Smith Family Hardware Store, and Hermitage Lumber Company - all longtime establishments in the area. With this low cost of living, many residents are able to save some money while maintaining a comfortable lifestyle.
Hermitage has an unemployment rate of 4.3%. The US average is 6.0%.
Hermitage has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Hermitage
- The Sales Tax Rate for Hermitage is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Hermitage 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 Hermitage
- The average income of a Hermitage resident is $16,941 a year. The US average is $37,638 a year.
- The Median household income of a Hermitage resident is $24,904 a year. The US average is $69,021 a year.