Imperial, MO is a small city located in Jefferson County. It has a population of just over 2,000 people. The cost of living is significantly lower than the US average, with a two bedroom rental costing approximately $970 per month versus the US average of $1,430. Groceries are also much cheaper than elsewhere in the country, with an index score of 98 compared to 100 for the US as a whole. Local business owners have benefited from this low cost-of-living and employment is high due to companies like Imperial Motorsports, Imperial Barber Shop and Imperial Tires providing services to citizens. All these factors make Imperial, MO an attractive option for anyone looking to live a comfortable life on a budget.
Imperial has an unemployment rate of 4.4%. The US average is 6.0%.
Imperial has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Imperial
- The Sales Tax Rate for Imperial is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Imperial 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 Imperial
- The average income of a Imperial resident is $29,251 a year. The US average is $37,638 a year.
- The Median household income of a Imperial resident is $66,587 a year. The US average is $69,021 a year.