Mineral Point, MO is a small town located near the Missouri River with a population of approximately 200 people. It is known for its quaint charm and peaceful atmosphere. It is situated close to several large cities such as St. Louis and Kansas City, making it a great choice for those who like to be close to urban amenities while enjoying the benefits of living in a rural area. The cost of living in Mineral Point is quite low; the median 2 bedroom rent rate is around $730 per month compared to the U.S. average of $1,430 per month and the Grocery Cost Index is 94 versus 100 in the US.
Mineral Point has many local companies including Tri-County Electric Cooperative which provides energy services to over 24,000 households in surrounding areas. Another notable local business is Lakewood Orchard which offers fresh fruits and vegetables at their store or by mail order throughout Missouri and beyond. There are also several educational facilities located within Mineral Point including Mineral Point Elementary School, Mark Twain Junior High School and Waynesville High School.
Although there are no major airports nearby, travelers can access private jet services from St Louis Regional Airport located around 90 miles away from Mineral Point or Springfield Branson National Airport located around 150 miles away from Mineral Point . Tourists who want to explore this area can find numerous outdoor recreation activities such as fishing, hunting, camping and hiking along with some fascinating historical sites like old copper mines that were once used by Native Americans centuries ago or Jesse James’ Hideout Caves which he used as a hideout in 1881 during one of his bank robberies!
Mineral Point has an unemployment rate of 6.0%. The US average is 6.0%.
Mineral Point has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Mineral Point
- The Sales Tax Rate for Mineral Point is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Mineral Point 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 Mineral Point
- The average income of a Mineral Point resident is $14,520 a year. The US average is $28,555 a year.
- The Median household income of a Mineral Point resident is $34,400 a year. The US average is $69,021 a year.