Richards, MO is a small town located in Lafayette County. It is known for its low rent and cost of living. According to the data provided, 2 bedroom rents are significantly less expensive than the US average at $760 compared to $1,430. The Grocery Cost Index also showed that groceries are about 7% cheaper than the national average in Richards. Local companies include Pete's Automotive & Towing, American Electric Power Company, and G&H Truck Repair. These businesses offer great services and products to the community and help provide employment opportunities for residents of Richards.
Richards has an unemployment rate of 3.5%. The US average is 6.0%.
Richards has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Richards
- The Sales Tax Rate for Richards is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Richards 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 Richards
- The average income of a Richards resident is $11,471 a year. The US average is $28,555 a year.
- The Median household income of a Richards resident is $60,357 a year. The US average is $69,021 a year.