Mingo, MO is a small town located in Southeast Missouri. The cost of living in this area is very affordable with the average two-bedroom rental costing only $940 per month. Living here can save you money when it comes to groceries too since the Grocery Cost Index in Mingo is 94 as compared to 100 in the US. There are several local businesses that make up Mingo’s economy including Hazlewood Auto Parts, Mingo Veterinary Service, and D & G Automotive Repair. Other services that are available include an electrical contractor, a handyman service, and lawn care businesses. If you're looking for an affordable place to live with plenty of amenities nearby, Mingo could be the perfect fit for you.
Mingo has an unemployment rate of 4.3%. The US average is 6.0%.
Mingo has seen the job market decrease by -2.6% 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 Mingo
- The Sales Tax Rate for Mingo is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Mingo 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 Mingo
- The average income of a Mingo resident is $33,190 a year. The US average is $37,638 a year.
- The Median household income of a Mingo resident is $60,234 a year. The US average is $69,021 a year.