Malta Bend, MO is a small town located in Saline County with a population of about 600 people. This quaint town offers its residents affordable rent and the cost of living is relatively low in comparison to other places in the United States. The average 2 Bedroom Rent for Malta Bend, MO is $660 per month which is significantly lower than the US average of $1,430. In addition to affordable rent, grocery costs are also more inexpensive with a Grocery Cost Index of 93 compared to 100 in the US. Local businesses in Malta Bend include a pharmacy, post office, auto repair shop, bank, general store and gas station. All these amenities make life more convenient for locals and help keep costs low. Residents can enjoy all that this rural town has to offer without breaking their budget due to high cost of living expenses.
Malta Bend has an unemployment rate of 3.4%. The US average is 6.0%.
Malta Bend has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 17.1%, which is lower than the US average of 33.5%.
Tax Rates for Malta Bend
- The Sales Tax Rate for Malta Bend is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Malta Bend 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 Malta Bend
- The average income of a Malta Bend resident is $15,448 a year. The US average is $28,555 a year.
- The Median household income of a Malta Bend resident is $57,917 a year. The US average is $69,021 a year.