Ridgeway, MO is a small town in the Midwest that provides an affordable living option for those looking to get away from city life. The average two bedroom rent in Ridgeway is only $670 compared to the US average of $1,430, making it a great economic choice for budget-conscious families. The grocery cost index in Ridgeway is also 92 versus 100 in the US, which further decreases living costs compared to other comparable US cities. Local companies include Big M Farm Supply, The Eggery Restaurant & Pub, and Southside Electric Inc., giving residents plenty of employment options and local businesses to frequent. In conclusion, Ridgeway has an affordable cost of living with easy access to groceries and local businesses.
Ridgeway has an unemployment rate of 3.3%. The US average is 6.0%.
Ridgeway 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 18.1%, which is lower than the US average of 33.5%.
Tax Rates for Ridgeway
- The Sales Tax Rate for Ridgeway is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ridgeway 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 Ridgeway
- The average income of a Ridgeway resident is $19,017 a year. The US average is $37,638 a year.
- The Median household income of a Ridgeway resident is $31,500 a year. The US average is $69,021 a year.