Merwin, MO is a small town located in central Missouri. It has an estimated population of just over 900 people and a median home value of $93,000. The average rent for a two-bedroom apartment in Merwin is only $870 compared to the US average of $1,430; making it an affordable place to live. Additionally, the grocery cost index in Merwin is 95 versus 100 in the US, making groceries even more affordable.
Merwin is home to several local businesses such as T&T Trucking and Excavating, Westhoff Ag Services LLC, Schmuckers Bar & Grill, and Merwin Lumber Company. There are also several churches and other community organizations located in town that help keep the community connected.
Merwin has an unemployment rate of 4.3%. The US average is 6.0%.
Merwin has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Merwin
- The Sales Tax Rate for Merwin is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Merwin 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 Merwin
- The average income of a Merwin resident is $16,333 a year. The US average is $28,555 a year.
- The Median household income of a Merwin resident is $43,500 a year. The US average is $69,021 a year.