Miami, MO is a small town in southern Missouri with a population of around 5,000 people. It's known for its rural atmosphere and affordable living costs. The average two-bedroom rent in Miami is $750 per month; much lower than the US average of $1,430. Grocery costs are also significantly lower than the national average index of 100, standing at 97.
The town is home to several local businesses including Sweetwater Country Store, Miami Veterinary Clinic and C&C Lawn Service. The area is known for its friendly community and laidback atmosphere. Residents enjoy spending time outdoors hiking at nearby Echo Bluff State Park or fishing on Mark Twain Lake. With its rural charm and low cost of living, Miami can be a great place for those looking to escape city life without breaking their budgets.
Miami has an unemployment rate of 3.4%. The US average is 6.0%.
Miami has seen the job market decrease by -1.6% 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 Miami
- The Sales Tax Rate for Miami is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Miami 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 Miami
- The average income of a Miami resident is $19,521 a year. The US average is $37,638 a year.
- The Median household income of a Miami resident is $39,375 a year. The US average is $69,021 a year.