Versailles, MO is a small town located in Morgan County. It has a charming atmosphere and plenty of local businesses such as Versailles Farm Supply, KAHM Insurance Co., and Family Pharmacy. The cost of living in Versailles is quite affordable. Rent for a two bedroom apartment ranges from $740 to $1,430 depending on size and amenities. Additionally, grocery costs are slightly below the national average with an index of 93 compared to the US average of 100. All these factors make Versailles an attractive place to live with plenty of amenities at an affordable price.
Versailles has an unemployment rate of 5.3%. The US average is 6.0%.
Versailles 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 Versailles
- The Sales Tax Rate for Versailles is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Versailles 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 Versailles
- The average income of a Versailles resident is $16,638 a year. The US average is $28,555 a year.
- The Median household income of a Versailles resident is $22,786 a year. The US average is $69,021 a year.