63345 Farber, MO is a small town located in the heart of Missouri. It has a population of around 2,000 people and is largely known for its agricultural and dairy industry. The average two-bedroom rent in 63345 Farber, MO is $670, which is significantly lower than the US average of $1,430 for two-bedrooms. The local economy is driven by businesses such as Farber Milk Farms, Green Valley Dairy Products and The Farber Farm and Garden Store. The cost of living in the area is generally low due to its rural location and a Grocery Cost Index that stands at 92 compared to 100 on a national scale. Despite being a quiet area with few attractions or entertainment options, 63345 Farber remains an affordable place to live in with plenty of job opportunities available throughout the farming and dairy sectors.
Farber (zip 63345) has an unemployment rate of 3.7%. The US average is 6.0%.
Farber (zip 63345) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Farber (zip 63345)
- The Sales Tax Rate for Farber (zip 63345) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Farber (zip 63345) 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 Farber (zip 63345)
- The average income of a Farber (zip 63345) resident is $23,003 a year. The US average is $37,638 a year.
- The Median household income of a Farber (zip 63345) resident is $54,531 a year. The US average is $69,021 a year.