Licking, MO is a small town located in Texas County with an estimated population of under 2,000. It offers affordable housing compared to the national average for a 2 bedroom apartment at $740 versus $1,430. The cost of living index is also lower than the national average, coming in at 93. This makes Licking a great option for those looking for lower housing costs and less expensive groceries. The area boasts several hometown companies such as Licking High School, G&E Builder Supply Co., and Huettenhaines Tire & Auto Repair. Each business provides quality local services to the community in its own unique way.
Licking has an unemployment rate of 4.7%. The US average is 6.0%.
Licking has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Licking
- The Sales Tax Rate for Licking is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Licking 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 Licking
- The average income of a Licking resident is $10,635 a year. The US average is $28,555 a year.
- The Median household income of a Licking resident is $30,147 a year. The US average is $69,021 a year.