Novinger, MO is a small town located in Adair County, Missouri. Although it has a small population of only 246 people, Novinger is home to many businesses and organizations. Local companies in Novinger include Novinger Auto Parts, Novinger Fencing, and Novinger Grain & Feed Co. The local economy is mostly driven by agriculture; however, there are also several other industries such as retail and manufacturing that contribute to the town’s economic health. The cost of living in Novinger is lower than the US average with 2 bedroom rent being $740 compared to $1,430 nationally and grocery costs index being 92 versus 100 in the US. Overall, Novinger offers affordable housing options and a stable economy for its residents.
Novinger has an unemployment rate of 4.5%. The US average is 6.0%.
Novinger has seen the job market increase by 4.4% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Novinger
- The Sales Tax Rate for Novinger is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Novinger 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 Novinger
- The average income of a Novinger resident is $17,402 a year. The US average is $28,555 a year.
- The Median household income of a Novinger resident is $35,625 a year. The US average is $69,021 a year.