Lawrence, MO County is an attractive place to live due to its affordability. Rent for a two bedroom apartment in Lawrence is only $750, which is much lower than the US average of $1,430. Additionally, the cost of groceries in Lawrence are cheaper than most other places; with a Grocery Cost Index of 94 compared to 100 in the US. This makes it more economical for residents to buy their food here. There are many local companies based in Lawrence such as General Motors Parts Division, Hallmark Cards Inc., and Lawrence Scientific Instruments LLC. These companies provide job opportunities for locals as well as contribute to the economic growth of Lawrence County.
Lawrence County has an unemployment rate of 5.1%. The US average is 6.0%.
Lawrence County has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Lawrence County
- The Sales Tax Rate for Lawrence County is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lawrence 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 Lawrence County
- The average income of a Lawrence County resident is $23,919 a year. The US average is $37,638 a year.
- The Median household income of a Lawrence County resident is $46,923 a year. The US average is $69,021 a year.