Smithville, MO is a charming town located in the state of Missouri. It is known for its family-friendly atmosphere and quality of life that many of its residents enjoy. The average rent for two bedrooms in Smithville is $1,070, which is significantly lower than the national average of $1,430. On top of having low rental prices, Smithville has an affordable grocery cost index of 101 compared to the US index of 100. This makes living in Smithville both comfortable and budget friendly. Local companies based out of Smithville include: Applied Power Technologies, Ingevity Corporation, Wheeler Bank & Trust Co., and Associated Electric Cooperative Inc. All these businesses work together to provide job opportunities and contribute to the community’s growth.
Smithville has an unemployment rate of 4.2%. The US average is 6.0%.
Smithville has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Smithville
- The Sales Tax Rate for Smithville is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Smithville 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 Smithville
- The average income of a Smithville resident is $35,219 a year. The US average is $37,638 a year.
- The Median household income of a Smithville resident is $90,909 a year. The US average is $69,021 a year.