Redings Mill, MO is a small town located in Newton County with close access to the Ozark Mountains. This town of approximately 400 people has a lower-than-average cost of living when compared to the US average, making it an ideal place to live for those looking for a more affordable lifestyle. The median 2 bedroom rent is $810 per month while the US median is $1,430. Additionally, the Grocery Cost Index in Redings Mill is 96 compared to 100 in the US.
The city also offers some great local businesses that can provide goods and services to its residents. Local businesses include Ozark Farm and Garden Supply, Redings Mill Country Store, and B&B Electric Company. These businesses offer a variety of products ranging from home improvement supplies to fresh produce and locally made items like candles or jewelry.
Redings Mill has an unemployment rate of 3.9%. The US average is 6.0%.
Redings Mill has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Redings Mill
- The Sales Tax Rate for Redings Mill is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Redings Mill 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 Redings Mill
- The average income of a Redings Mill resident is $24,675 a year. The US average is $28,555 a year.
- The Median household income of a Redings Mill resident is $62,000 a year. The US average is $69,021 a year.