Mound City, MO is a small community located in the midwestern United States. The city is home to numerous local businesses such as Mound City Bank, Mound City Medical Clinic, and The Market Grocery Store. As far as cost of living goes, rent for a two-bedroom apartment is considerably lower than the national average at $730 per month compared to $1,430 nationwide. Groceries are also generally cheaper with an index rating of 96 versus 100 in the US. All in all, Mound City provides residents with a low-cost environment and ample opportunity to build their lives without breaking the bank.
Mound City has an unemployment rate of 3.0%. The US average is 6.0%.
Mound City 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 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Mound City
- The Sales Tax Rate for Mound City is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Mound City 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 Mound City
- The average income of a Mound City resident is $22,823 a year. The US average is $28,555 a year.
- The Median household income of a Mound City resident is $53,792 a year. The US average is $69,021 a year.