New Madrid, MO County is a small city in Missouri where people can enjoy the natural environment while living in an affordable area. The average two bedroom rent in New Madrid is $760, which is significantly cheaper than the national average of $1,430. This makes it an ideal place for those looking to save money on rent. Additionally, groceries are also relatively inexpensive in New Madrid with its Grocery Cost Index at 91 compared to 100 nationally. \nThere are several local businesses that thrive here such as Heartland Lodge & Outfitters - a fishing and hunting lodge, McGhee's Store - a family-owned general store offering hardware goods and more, and R&R Storage Buildings - a storage company providing high-quality products. All together these businesses provide jobs for locals and contribute to the overall economy of the area. \nIn conclusion, New Madrid offers an affordable cost of living which makes it an attractive location for many people. With different local businesses available residents can benefit from employment opportunities within their own community.
New Madrid County has an unemployment rate of 4.5%. The US average is 6.0%.
New Madrid County has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 3.3%, which is lower than the US average of 33.5%.
Tax Rates for New Madrid County
- The Sales Tax Rate for New Madrid County is 7.7%. The US average is 7.3%.
- The Income Tax Rate for New Madrid 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 New Madrid County
- The average income of a New Madrid County resident is $20,896 a year. The US average is $28,555 a year.
- The Median household income of a New Madrid County resident is $42,370 a year. The US average is $69,021 a year.