Spanish Lake, MO is an affordable place to live with 2 bedroom rent prices at $910, which is much lower than the national average of $1,430. The grocery cost index in Spanish Lake is 94, whereas the national average is 100. There are many local companies in this small town that offer competitive services and products compared to larger, national companies. For example, Wright's Bakery serves fresh breads and pastries for a fraction of the price of what it would cost in a big city. Similarly, AutoMaxx offers quality vehicle services at half the cost of more popular chains. In Spanish Lake, you can be sure to get great deals without sacrificing quality.
Spanish Lake has an unemployment rate of 4.5%. The US average is 6.0%.
Spanish Lake has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Spanish Lake
- The Sales Tax Rate for Spanish Lake is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Spanish Lake 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 Spanish Lake
- The average income of a Spanish Lake resident is $23,301 a year. The US average is $37,638 a year.
- The Median household income of a Spanish Lake resident is $44,095 a year. The US average is $69,021 a year.