Raymondville, MO is a small town in the Midwest with a population of around 5,000 people. The town is known for its affordable cost of living and local businesses. The average 2 bedroom rent in Raymondville is $750 which is much lower than the United States average of $1,430. Additionally, Raymondville’s Grocery Cost Index of 92 versus 100 in the US makes basic groceries much more affordable than other cities. There are many local businesses in Raymondville that offer goods and services to residents. Examples include Redwood Automotive Repair, White Castle Market, and Smith Real Estate Company. Overall, Raymondville’s reasonable cost of living attracts to both new residents and business owners alike
Raymondville has an unemployment rate of 4.7%. The US average is 6.0%.
Raymondville has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Raymondville
- The Sales Tax Rate for Raymondville is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Raymondville 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 Raymondville
- The average income of a Raymondville resident is $15,177 a year. The US average is $37,638 a year.
- The Median household income of a Raymondville resident is $36,786 a year. The US average is $69,021 a year.