65274 New Franklin, MO is a small town located in Howard County with a population of 822 people. Rent for 2 bedrooms in the area is $760, significantly lower than the US average of $1,430. The Grocery Cost Index in the area is 94 versus 100 in the US. This indicates that groceries and other goods are relatively affordable for locals when compared to other parts of the country.
The local economy is largely driven by agriculture, with Howard County being one of Missouri’s top cattle producing counties. Local businesses include Bob's Shell Station, Linda's Quik Stop, Starbuck’s Automotive Repair & Body Shop, Darr Hardware & Supply Co., and TG Equipment Service. These companies serve both locals and those passing through to enjoy the surrounding natural beauty and recreational activities including fishing and hunting on nearby lakes and rivers.
New Franklin (zip 65274) has an unemployment rate of 3.1%. The US average is 6.0%.
New Franklin (zip 65274) has seen the job market increase by 0.0% 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 New Franklin (zip 65274)
- The Sales Tax Rate for New Franklin (zip 65274) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for New Franklin (zip 65274) 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 Franklin (zip 65274)
- The average income of a New Franklin (zip 65274) resident is $23,002 a year. The US average is $28,555 a year.
- The Median household income of a New Franklin (zip 65274) resident is $68,958 a year. The US average is $69,021 a year.