Strafford, MO is a small town located in the southwestern portion of the state. The town is home to a variety of local companies and businesses including Strafford Auto Parts, Monclaire Lumber Company, and R & B Electrical Supply. Residents of Strafford are able to take advantage of relatively low living costs when compared to other parts of the U.S., with 2 bedroom rental costs averaging only $950 per month and grocery cost index at 97 instead of 100 in the U.S. There are plenty of amenities available for residents such as parks, trails, shopping centers, and local restaurants for entertainment.
Strafford has an unemployment rate of 3.6%. The US average is 6.0%.
Strafford has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Strafford
- The Sales Tax Rate for Strafford is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Strafford 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 Strafford
- The average income of a Strafford resident is $18,928 a year. The US average is $28,555 a year.
- The Median household income of a Strafford resident is $48,844 a year. The US average is $69,021 a year.