Cape Girardeau, MO (63703) is a city located in the Southeast of Missouri and is known for its vibrant downtown area and tranquil riverfront setting. The two bedroom rent in this area is $800, which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Cape Girardeau is 92 compared to the US average of 100. This means that groceries are cheaper in Cape Girardeau than most other places. Local companies such as Schnucks grocery store, Walmart, Lowe's Home Improvement Store, and Menard's all have reasonable prices compared to the national average. Furthermore, many restaurants such as Steak & Shake, McDonald's and Lambert’s Café offer great deals on food items throughout the year making it an affordable place for people to live.
Cape Girardeau (zip 63703) has an unemployment rate of 3.8%. The US average is 6.0%.
Cape Girardeau (zip 63703) has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Cape Girardeau (zip 63703)
- The Sales Tax Rate for Cape Girardeau (zip 63703) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cape Girardeau (zip 63703) 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 Cape Girardeau (zip 63703)
- The average income of a Cape Girardeau (zip 63703) resident is $19,730 a year. The US average is $37,638 a year.
- The Median household income of a Cape Girardeau (zip 63703) resident is $34,106 a year. The US average is $69,021 a year.