Deepwater, MO is a small town located in Henry County with an estimated population of 647. The average two bedroom rent in Deepwater is $770, which is significantly lower than the US average of $1,430. Additionally, the cost of groceries in Deepwater is also lower than the national average, with a Grocery Cost Index of 93 compared to the US index of 100.
The area is home to a number of businesses such as Cummins Construction Company LLC, Hightower Trucking and Excavating Inc., D & D Automotive Repair Services and M & J Painting Contractors LLC. These local companies provide reliable services and employment opportunities for locals in Deepwater and the surrounding areas.
Deepwater (zip 64740) has an unemployment rate of 4.3%. The US average is 6.0%.
Deepwater (zip 64740) has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Deepwater (zip 64740)
- The Sales Tax Rate for Deepwater (zip 64740) is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Deepwater (zip 64740) 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 Deepwater (zip 64740)
- The average income of a Deepwater (zip 64740) resident is $27,841 a year. The US average is $37,638 a year.
- The Median household income of a Deepwater (zip 64740) resident is $46,613 a year. The US average is $69,021 a year.