Mercer, MO is an excellent place to live for those looking to save money while still enjoying all the amenities of modern life. The town offers a two bedroom rent of $680 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Mercer is 92 compared to 100 in the US, making food costs more affordable.
The city also provides plenty of local companies to work with and shop from. Some examples include Mercer Marketplace for groceries, Mercer Florist for flowers, and J&D Tractor Repair for repairs and maintenance. All these businesses help contribute to the quality of life in Mercer as well as create employment opportunities for local residents.
All in all, Mercer is a great place to live due to its low cost of living and abundance of local businesses. It's ideal for those looking to save money while still taking advantage of the amenities found in larger cities.
Mercer has an unemployment rate of 3.6%. The US average is 6.0%.
Mercer has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Mercer
- The Sales Tax Rate for Mercer is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Mercer 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 Mercer
- The average income of a Mercer resident is $17,025 a year. The US average is $28,555 a year.
- The Median household income of a Mercer resident is $34,792 a year. The US average is $69,021 a year.