Lamar township, MO is an affordable place to live, with two-bedroom rent costing about half of what it does nationally. There are a number of local companies that help make up the economy, like Lamar Township Fire Department, Lamar Veterinary Clinic, and Steve's Auto Sales. When factoring in groceries, as well, residents benefit from an index cost that is lower than the national average. All in all, Lamar township provides an attractive option for folks looking for a manageable cost of living.
Lamar township has an unemployment rate of 3.4%. The US average is 6.0%.
Lamar township has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Lamar township
- The Sales Tax Rate for Lamar township is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Lamar township 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 Lamar township
- The average income of a Lamar township resident is $18,716 a year. The US average is $28,555 a year.
- The Median household income of a Lamar township resident is $70,197 a year. The US average is $69,021 a year.