Lincoln, MO is a great place to live for those looking for value in living expenses. The 2 bedroom rent is $760, which is much lower than the US average of $1,430. Also, the Grocery Cost Index in Lincoln MO is 94 versus 100 in the US. With these lower costs of living, it's no surprise that Lincoln has become a popular destination for families and small business owners alike. \nThe city boasts several large employers including Cargill Meat Solutions Corp., Electrolux Small Appliance Manufacturing Corp., and US Bank Equipment Finance Corporation. There are also many small- to medium-sized businesses such as HyVee grocery stores and software development companies like Mobisoft Technologies. Furthermore, residents can take advantage of local educational opportunities at Lincoln University and Missouri State University - West Plains Campus.
Lincoln has an unemployment rate of 6.5%. The US average is 6.0%.
Lincoln has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Lincoln
- The Sales Tax Rate for Lincoln is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Lincoln 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 Lincoln
- The average income of a Lincoln resident is $16,197 a year. The US average is $28,555 a year.
- The Median household income of a Lincoln resident is $54,250 a year. The US average is $69,021 a year.