Neosho, MO is a city located in the southwest corner of Missouri. It has a thriving economy that is bolstered by several large companies including Walmart Distribution Centers, EaglePicher Technologies, and Greif Packaging LLC. The city also offers its residents affordable living, with a 2 bedroom rent being only $760 compared to the US average of $1,430. Additionally, the grocery cost index in Neosho is 94 compared to 100 in the US. Homeowners enjoy low property taxes as well; the average tax rate for 2019 was 0.4%, significantly lower than most cities in the state. Neosho was also ranked as one of the best places to live by Niche due to its strong education system and diverse population.
Neosho has an unemployment rate of 3.9%. The US average is 6.0%.
Neosho has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Neosho
- The Sales Tax Rate for Neosho is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Neosho 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 Neosho
- The average income of a Neosho resident is $21,124 a year. The US average is $37,638 a year.
- The Median household income of a Neosho resident is $45,471 a year. The US average is $69,021 a year.