Zip 63368 (OFallon, MO) Economy


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O'Fallon, MO (63368) is a great place to live with an overall low cost of living. According to recent data, 2 bedroom rent in O'Fallon, MO is $1,370 compared to the US average of $1,430. This makes it a great place for families or individuals on a budget looking for an affordable place to live. Additionally, The Grocery Cost Index in O'Fallon is 101 versus 100 in the US which indicates that grocery prices are slightly higher than the national average. \nThere are several companies in O'Fallon that provide affordable rental housing such as SunRidge Apartments, Element Apartments, and Pheasant Ridge Apartment Homes. SunRidge Apartments offers two-bedroom apartments starting at approximately $800 per month while Element Apartments offer spacious one or two-bedroom units starting at around $1000 per month. Additionally, Pheasant Ridge Apartment Homes offer newly-renovated one and two bedroom apartments for rent starting at around $1100/month. All these options make it easy to find an affordable rental home in O’Fallon, MO 63368.

OFallon (zip 63368) has an unemployment rate of 3.3%. The US average is 6.0%.

OFallon (zip 63368) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.

Tax Rates for OFallon (zip 63368)
- The Sales Tax Rate for OFallon (zip 63368) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for OFallon (zip 63368) 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 OFallon (zip 63368)
- The average income of a OFallon (zip 63368) resident is $35,454 a year. The US average is $28,555 a year.
- The Median household income of a OFallon (zip 63368) resident is $107,266 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOFallon, MissouriUnited States
  3.36
  -4.8%-6.2%
  31.7%33.5%
  8.0%6.2%
  5.4%4.6%
  $45,703$37,638
  $107,266$69,021
  $123,129$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  7.6%6.8%
  11.6%10.0%
  3.7%2.5%
  11.0%11.0%
  3.5%4.8%
  0.5%0.8%
  2.1%1.9%
  12.1%4.7%
  2.3%1.9%
  8.3%7.6%
  0.3%0.1%
  3.3%4.2%
  9.3%9.3%
  10.1%14.0%
  2.1%2.1%
  5.7%7.0%
  4.1%4.8%
  2.0%4.7%
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