Sumner, MO is a small rural town located in the heart of Missouri. The cost of living is lower than the US average with an average two bedroom rent being $730 compared to the national average of $1,430. Locals can also take advantage of lower grocery costs than the US index which is 92 compared to 100. There are several local businesses in Sumner such as the Miller County Hardware store, Orscheln's Farm & Home, and Roy's Country Store that locals can shop at for their everyday needs. All these factors make Sumner a great place to live if you want to enjoy a slower paced lifestyle away from big city life while also saving money on groceries and rent.
Sumner has an unemployment rate of 3.6%. The US average is 6.0%.
Sumner has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Sumner
- The Sales Tax Rate for Sumner is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Sumner 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 Sumner
- The average income of a Sumner resident is $15,740 a year. The US average is $28,555 a year.
- The Median household income of a Sumner resident is $55,625 a year. The US average is $69,021 a year.