Mexico, MO Metro Area is a great place to live for those looking for an affordable lifestyle. The average two-bedroom rent in this area is $750, which is significantly lower than the national average of $1,430. In addition to low housing costs, grocery costs in Mexico are also much lower than the national average with an index of 93 compared to 100 in the US. Local businesses such as Walmart, ACE Hardware and O’Reilly Auto Parts all offer competitive prices on everyday items making it easy to stretch your budget further than other areas. Overall Mexico, MO offers a great balance between affordability and quality living.
Mexico Metro Area has an unemployment rate of 3.7%. The US average is 6.0%.
Mexico Metro Area has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Mexico Metro Area
- The Sales Tax Rate for Mexico Metro Area is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Mexico 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 Mexico Metro Area
- The average income of a Mexico Metro Area resident is $24,625 a year. The US average is $37,638 a year.
- The Median household income of a Mexico Metro Area resident is $47,178 a year. The US average is $69,021 a year.