Altamont, MO is a small town in Missouri with a population of 64620. It is known for its affordable housing options, as the 2 bedroom rent in Altamont is $760 compared to the national average of $1430. Moreover, grocery costs are much lower here with a Grocery Cost Index(GCI) score of 94 compared to the US average of 100. The low cost of living also extends to other areas such as transportation and utilities which are relatively cheaper than other parts of the country. Local companies like Jiffy Stop, K & S Market and The Laundry Palace provide necessary services at an affordable rate making it easier for residents to manage their finances. Altamont provides a great quality of life at an affordable price for those seeking affordability in Missouri.
Altamont (zip 64620) has an unemployment rate of 4.0%. The US average is 6.0%.
Altamont (zip 64620) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Altamont (zip 64620)
- The Sales Tax Rate for Altamont (zip 64620) is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Altamont (zip 64620) 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 Altamont (zip 64620)
- The average income of a Altamont (zip 64620) resident is $28,786 a year. The US average is $37,638 a year.
- The Median household income of a Altamont (zip 64620) resident is $62,054 a year. The US average is $69,021 a year.