Cape Girardeau, MO County is a great place to live with an affordable cost of living. The average 2 bedroom rent in the county is $870 compared to the US average of $1,430. The lower rental costs are also reflected in the Grocery Cost Index which is 96 versus 100 in the US. This means that residents can save money on everyday family items. Additionally, there are many thriving businesses located in Cape Girardeau County including Southeast Health, Isle Casino Cape Girardeau, and Catapult Creative House. These businesses employ local residents who can benefit from the lower costs of living while still making a good wage. The lower cost of living also makes it more attractive for businesses to invest in the county which helps create more jobs helping to stimulate economic growth.
Cape Girardeau County has an unemployment rate of 3.7%. The US average is 6.0%.
Cape Girardeau County has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Cape Girardeau County
- The Sales Tax Rate for Cape Girardeau County is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Cape Girardeau County 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 Cape Girardeau County
- The average income of a Cape Girardeau County resident is $29,087 a year. The US average is $37,638 a year.
- The Median household income of a Cape Girardeau County resident is $59,252 a year. The US average is $69,021 a year.