Northwoods, MO is a small city in Missouri known for its low rental rates and cost of living. With 2 bedroom rents at $960 compared to the US average of $1,430, Northwoods offers substantial savings when it comes to monthly housing costs. Additionally, the grocery cost index in Northwoods is 91, while the US average is 100. This makes it an attractive option for those looking to stretch their dollar further. Local businesses in Northwoods include Madison Auto Supply, The Cottonwood Cafe, and Northwoods Veterinary Clinic. With its low rent prices and local amenities, Northwoods provides a great place to live that won't break the bank.
Northwoods has an unemployment rate of 4.5%. The US average is 6.0%.
Northwoods has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Northwoods
- The Sales Tax Rate for Northwoods is 9.1%. The US average is 7.3%.
- The Income Tax Rate for Northwoods 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 Northwoods
- The average income of a Northwoods resident is $17,386 a year. The US average is $28,555 a year.
- The Median household income of a Northwoods resident is $37,143 a year. The US average is $69,021 a year.