Holcomb, MO is a small city located in the Southwestern part of Missouri. The city offers affordable housing and living costs which are lower than the national average. The median 2-bedroom rent in Holcomb is $660 compared to the US median of $1,430, and the local grocery cost index is 91 versus 100 in the US. This makes Holcomb an attractive destination for those looking to move to an area with a lower cost of living. Holcomb has a variety of local businesses that include Farmer’s Home Market, Higley’s Auto Parts, Stillwells Building Supply, and Moore Printing Services. Each of these locally owned companies provide services essential to keeping Holcomb thriving.
Holcomb has an unemployment rate of 6.3%. The US average is 6.0%.
Holcomb has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 7.9%, which is lower than the US average of 33.5%.
Tax Rates for Holcomb
- The Sales Tax Rate for Holcomb is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Holcomb 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 Holcomb
- The average income of a Holcomb resident is $15,519 a year. The US average is $28,555 a year.
- The Median household income of a Holcomb resident is $47,500 a year. The US average is $69,021 a year.