Matthews, MO Economy


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United States / Missouri / No Metro Area / New Madrid County / Matthews / Zip Codes
Matthews, MO is a small town that offers a high quality of life for its citizens. With an average two bedroom rent of $750, living in Matthews is significantly more affordable than other cities in the United States with an average 2 bedroom rent of $1,430. Likewise, groceries in Matthews are also more budget friendly with a grocery index score of 93 compared to the US score of 100.
The town offers many local businesses such as Matthews Electronics, Matthews Pet Store, and Matthews Family Auto Repair. These businesses provide great employment opportunities within the community while providing quality services and products to its citizens. Furthermore, with its lower cost of living, residents can enjoy all that this small town has to offer without breaking their bank account. All in all, Matthews is an ideal destination for anyone looking for a place to call home.

Matthews has an unemployment rate of 4.5%. The US average is 6.0%.

Matthews has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 3.3%, which is lower than the US average of 33.5%.

Tax Rates for Matthews
- The Sales Tax Rate for Matthews is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Matthews 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 Matthews
- The average income of a Matthews resident is $17,506 a year. The US average is $37,638 a year.
- The Median household income of a Matthews resident is $36,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMatthews, MissouriUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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