New Florence, MO is a small town that offers affordable living for those looking to escape the hustle and bustle of the big cities. The average 2 bedroom rent is $810, lower than the US average of $1,430, making it a great option for anyone on a budget. The cost of groceries is also lower than the national average with an index score of 95. New Florence has local businesses such as Stoffer’s Grocery Store and Markam’s Hardware Store which provide convenient options for residents in the area. Visitors can also enjoy outdoor activities at nearby Lake Fondulac or relax in one of the town's cozy cafes. With its affordability and charm, New Florence is an ideal place to live or visit for people from all walks of life.
New Florence has an unemployment rate of 3.7%. The US average is 6.0%.
New Florence 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 24.2%, which is lower than the US average of 33.5%.
Tax Rates for New Florence
- The Sales Tax Rate for New Florence is 6.5%. The US average is 7.3%.
- The Income Tax Rate for New Florence 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 New Florence
- The average income of a New Florence resident is $18,280 a year. The US average is $28,555 a year.
- The Median household income of a New Florence resident is $48,173 a year. The US average is $69,021 a year.