Olean, MO is a small city located in the southwestern region of the state. It is a great place to live due to its low rent prices, with a two-bedroom apartment costing just $800 per month. The cost of living in Olean is quite low compared to the US average, with grocery costs being 97 compared to an index of 100. The city has many local businesses for residents to take advantage of, such as StarTek Industries, a tech company specializing in printing and welding services. Other businesses include several auto dealerships, banks such as Midamerica Bank, medical services such as Walgreen Drugstore and more.
Olean has an unemployment rate of 4.6%. The US average is 6.0%.
Olean has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Olean
- The Sales Tax Rate for Olean is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Olean 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 Olean
- The average income of a Olean resident is $30,877 a year. The US average is $37,638 a year.
- The Median household income of a Olean resident is $57,143 a year. The US average is $69,021 a year.