Zip 64020 (Concordia, MO) Economy


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The small city of 64020 Concordia, Missouri is a great place for those looking to save on cost of living expenses without sacrificing quality of life. 2 Bedroom Rent in the area is much lower than the US average at $920 per month, and the Grocery Cost Index is 95 compared to 100 in the US. There are several local businesses that make up the economy of 64020 Concordia such as Carpet Land Flooring, True Value Hardware, Meyer Electric Company, and American Legion Post 177. All these companies provide quality services and goods to the community while also providing jobs and contributing to the local economy.

Concordia (zip 64020) has an unemployment rate of 4.0%. The US average is 6.0%.

Concordia (zip 64020) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.

Tax Rates for Concordia (zip 64020)
- The Sales Tax Rate for Concordia (zip 64020) is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Concordia (zip 64020) 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 Concordia (zip 64020)
- The average income of a Concordia (zip 64020) resident is $26,896 a year. The US average is $28,555 a year.
- The Median household income of a Concordia (zip 64020) resident is $63,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyConcordia, MissouriUnited States
  46
  -3.1%-6.2%
  29.8%33.5%
  8.1%6.2%
  5.4%4.6%
  $34,353$37,638
  $63,125$69,021
  $86,161$85,028
  Population by Occupation
  2.9%1.2%
  0.0%0.5%
  7.0%6.8%
  25.9%10.0%
  0.0%2.5%
  13.3%11.0%
  3.2%4.8%
  0.3%0.8%
  1.2%1.9%
  5.8%4.7%
  0.5%1.9%
  3.9%7.6%
  0.0%0.1%
  0.5%4.2%
  7.9%9.3%
  14.4%14.0%
  0.0%2.1%
  6.0%7.0%
  3.2%4.8%
  4.1%4.7%
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