Norborne, MO is a small town located in Carroll County, Missouri. It has a population of just over 900 people. Despite its small size, Norborne offers an affordable living experience for those looking to rent. The average two bedroom rental in Norborne is $880 per month, significantly lower than the US average of $1,430 per month. Additionally, the grocery cost index in Norborne is 92 versus 100 in the US, making it more affordable to live here as well.
Norborne is home to several local businesses that further enrich the community. A few of these include Moore's Grain Elevator which has been around since 2003 and provides services like custom application of dry fertilizer and agricultural chemicals; Driver Electric & Plumbing Company which offers residential and commercial electrical and plumbing services; Carroll County Bank which has been serving the area since 1915; and Biggerstaff Farms which specializes in grass-fed beef cattle.
Norborne has an unemployment rate of 4.3%. The US average is 6.0%.
Norborne has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Norborne
- The Sales Tax Rate for Norborne is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Norborne 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 Norborne
- The average income of a Norborne resident is $23,030 a year. The US average is $28,555 a year.
- The Median household income of a Norborne resident is $58,550 a year. The US average is $69,021 a year.