Wyatt, MO Economy


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Wyatt, MO is a small town located in Stoddard County with a population of just over 500 people. It has a strong sense of community and is home to many locally owned shops and businesses such as J & H Electric, Vancil Plumbing & Heating, and R & M Accounting Services. The cost of living in Wyatt is much lower than the US overall, with rent for a 2 bedroom apartment costing around $580 per month compared to the national average of $1,430. Grocery costs are also lower in Wyatt with an index rating of 89 against the US rating of 100. With its low cost of living and strong sense of community, Wyatt is an ideal location for those looking for an affordable place to live.

Wyatt has an unemployment rate of 4.7%. The US average is 6.0%.

Wyatt has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 13.5%, which is lower than the US average of 33.5%.

Tax Rates for Wyatt
- The Sales Tax Rate for Wyatt is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wyatt 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 Wyatt
- The average income of a Wyatt resident is $13,590 a year. The US average is $28,555 a year.
- The Median household income of a Wyatt resident is $21,544 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWyatt, MissouriUnited States
  4.76
  -1.9%-6.2%
  13.5%33.5%
  7.0%6.2%
  5.4%4.6%
  $15,184$37,638
  $21,544$69,021
  $23,125$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  14.7%6.8%
  11.2%10.0%
  0.0%2.5%
  25.9%11.0%
  6.0%4.8%
  0.0%0.8%
  0.0%1.9%
  4.3%4.7%
  0.0%1.9%
  2.6%7.6%
  0.0%0.1%
  0.0%4.2%
  9.5%9.3%
  17.2%14.0%
  0.0%2.1%
  0.0%7.0%
  1.7%4.8%
  3.4%4.7%
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