Nelson, MO is a small town situated in the Midwest with a population of around 8,000 people. The cost of living in Nelson is quite affordable with 2 bedroom rents averaging at $710, which is much lower than the US average of $1,430. Grocery Costs Index in Nelson is also relatively cheap compared to other cities - it has an index score of 95 compared to 100 in the US. The area is home to many local businesses, such as Allstate Insurance Agency, Seton Smith Financial and LPL Financial LLC. There are also several restaurants including Papa John's Pizza and China Wok.
Nelson has an unemployment rate of 3.4%. The US average is 6.0%.
Nelson 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 Nelson
- The Sales Tax Rate for Nelson is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Nelson 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 Nelson
- The average income of a Nelson resident is $15,144 a year. The US average is $37,638 a year.
- The Median household income of a Nelson resident is $55,341 a year. The US average is $69,021 a year.