Farmington, Missouri (63640) is located in St. Francois County and has a population of nearly 16,000 residents. The median 2 bedroom rent in Farmington is $730 per month which is much lower than the US average of $1,430 per month. Grocery costs are also lower than the national average as the Grocery Cost Index in Farmington is 96 versus 100 in the US. The cost of living overall in Farmington is quite reasonable making it an appealing option for many looking for a comfortable living situation on a budget.
The city offers plenty of amenities including shopping centers such as Walmart Supercenter, Dollar General, and Schnucks Markets Inc., dining such as TJ's Pizza & Grill and Burger King, and entertainment options such as Strike & Spare Family Fun Center and Country Skate Center. The local economy provides jobs primarily in healthcare services, educational services, retail trade, and construction industries. With its low cost of living and plenty of job opportunities available, Farmington continues to be an attractive place to live for many people.
Farmington (zip 63640) has an unemployment rate of 5.3%. The US average is 6.0%.
Farmington (zip 63640) 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Farmington (zip 63640)
- The Sales Tax Rate for Farmington (zip 63640) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Farmington (zip 63640) 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 Farmington (zip 63640)
- The average income of a Farmington (zip 63640) resident is $21,567 a year. The US average is $28,555 a year.
- The Median household income of a Farmington (zip 63640) resident is $54,586 a year. The US average is $69,021 a year.