Syracuse, MO Economy


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United States / Missouri / No Metro Area / Morgan County / Syracuse / Zip Codes
Syracuse, MO is a small city located in the Midwest region of the United States. Despite its size, Syracuse offers residents and visitors alike a wide variety of options when it comes to local companies and services. For example, there are several grocery stores, including Walmart Supercenter, Fareway Grocery Store and Hy-Vee Foods Store. There are also many restaurants available for dining out such as Pizza Ranch, Subway, China Garden Buffet and Hog Wild Barbecue. Furthermore, Syracuse boasts two banks: First Bank Central Mo and State Bank of Southwest Missouri. In terms of housing affordability, there is an average 2 bedroom rent cost in Syracuse of $750 which is much lower than the US average of $1,430. Moreover, the Grocery Cost Index in Syracuse is 92 versus 100 in the US. All these factors combined make Syracuse a great place to live or visit for anyone who wants to enjoy all the conveniences that this small city has to offer.

Syracuse has an unemployment rate of 5.3%. The US average is 6.0%.

Syracuse has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Syracuse
- The Sales Tax Rate for Syracuse is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Syracuse 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 Syracuse
- The average income of a Syracuse resident is $26,904 a year. The US average is $28,555 a year.
- The Median household income of a Syracuse resident is $26,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySyracuse, MissouriUnited States
  5.36
  0.1%-6.2%
  20.4%33.5%
  5.7%6.2%
  5.4%4.6%
  $16,442$37,638
  $26,250$69,021
  $51,500$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  12.5%6.8%
  27.1%10.0%
  0.0%2.5%
  8.3%11.0%
  10.4%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  2.1%9.3%
  20.8%14.0%
  0.0%2.1%
  2.1%7.0%
  4.2%4.8%
  12.5%4.7%
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