Hillsdale, MO is an affordable place to live. The average rent for a two bedroom apartment is $960, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Hillsdale is 91 compared to 100 across the United States. This makes it possible for families to stretch their dollars even further in this small town. The local economy has many different job opportunities from companies such as Hillcrest Lumber Company, Greer’s Bakery, and Cheshire Group. With its low costs of living combined with ample job opportunities, Hillsdale can be an attractive alternative to those looking for affordability and stability.
Hillsdale has an unemployment rate of 4.5%. The US average is 6.0%.
Hillsdale has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Hillsdale
- The Sales Tax Rate for Hillsdale is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Hillsdale 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 Hillsdale
- The average income of a Hillsdale resident is $10,423 a year. The US average is $28,555 a year.
- The Median household income of a Hillsdale resident is $33,011 a year. The US average is $69,021 a year.