Velda City, MO is a great place to live. The cost of living is much lower than the US average with two bedroom rent being only $960 a month compared to $1,430 nationally. Additionally, the Grocery Cost Index in Velda City is 91 as opposed to 100 in the US. \nIn terms of local businesses and amenities, Velda City has plenty to offer. The city contains a wide variety of restaurants like Lazy Pete's BBQ Shack and Donut King Cafe, as well as several shopping centers like Mall Vista Shopping Center and Velda Village Plaza. There are also recreational activities such as bowling alleys and golf courses around town for residents to enjoy their free time in. In summary, living in Velda City provides affordable housing options, as well as many resources for locals to make the most out of their living experience.
Velda City has an unemployment rate of 4.5%. The US average is 6.0%.
Velda City 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 Velda City
- The Sales Tax Rate for Velda City is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Velda City 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 Velda City
- The average income of a Velda City resident is $18,671 a year. The US average is $37,638 a year.
- The Median household income of a Velda City resident is $41,208 a year. The US average is $69,021 a year.