Columbia Metro Area, MO Economy


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United States / Missouri / Columbia Metro Area / Counties / Cities / Zip Codes
Columbia, MO Metro Area is a great place to live and work. This area has a cost of living that is relatively lower than other areas in the US, with 2 bedroom rent averaging around $940 compared to the national average of $1,430. Grocery costs in this region are also notably lower than the national index at 98 compared to 100.
This area is home to many businesses that contribute to its economy, including major employers such as University of Missouri, Columbia Public Schools, Boone Hospital Center and Shelter Insurance. It also houses numerous small businesses that help support local entrepreneurs and their families. The city has a diverse economy made up of retail centers, manufacturing facilities, and technology companies.

Columbia Metro Area has an unemployment rate of 3.0%. The US average is 6.0%.

Columbia Metro Area has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.

Tax Rates for Columbia Metro Area
- The Sales Tax Rate for Columbia Metro Area is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Columbia Metro Area 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 Columbia Metro Area
- The average income of a Columbia Metro Area resident is $27,098 a year. The US average is $28,555 a year.
- The Median household income of a Columbia Metro Area resident is $61,901 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColumbia, MissouriUnited States
  36
  -3.8%-6.2%
  26.0%33.5%
  6.0%6.2%
  5.4%4.6%
  $33,131$37,638
  $61,901$69,021
  $85,099$85,028
  Population by Occupation
  1.3%1.2%
  0.1%0.5%
  5.3%6.8%
  5.8%10.0%
  2.2%2.5%
  10.0%11.0%
  3.3%4.8%
  1.2%0.8%
  1.8%1.9%
  6.5%4.7%
  1.5%1.9%
  5.1%7.6%
  0.1%0.1%
  2.5%4.2%
  17.4%9.3%
  17.2%14.0%
  1.8%2.1%
  8.6%7.0%
  3.8%4.8%
  4.4%4.7%
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