Higginsville, MO is a small town located in Missouri that has a population of about 5,000. It is an ideal place for those looking for a smaller community, while still being close to larger cities. The cost of living in Higginsville is lower than the United States on average, with rent for two-bedroom apartments being $920 compared to $1,430 nationally. Additionally, grocery costs are also lower here with an index score of 95 versus 100 in the US.
Since Higginsville is quite small there are not a lot of large companies located within the town. However, it is home to several local businesses such as R & P Automotive Repair, Boden’s Custom Cutting and Sewing, and Fox’s Family Diner that contribute to its economy. Overall, Higginsville has plenty to offer those looking for a quiet place to live while keeping their costs down when compared to many other places throughout the country.
Higginsville has an unemployment rate of 4.0%. The US average is 6.0%.
Higginsville has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Higginsville
- The Sales Tax Rate for Higginsville is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Higginsville 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 Higginsville
- The average income of a Higginsville resident is $27,967 a year. The US average is $37,638 a year.
- The Median household income of a Higginsville resident is $65,027 a year. The US average is $69,021 a year.