Fayette, MO is a small town of about 6,500 people located in Howard County. The median 2 Bedroom Rent in Fayette is $940, which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Fayette is 95 versus 100 nationally. Therefore, groceries are cheaper to purchase in this area than elsewhere in the country. Residents can access various local companies for their grocery needs such as The Country Store and Groceries Plus. For housing needs there are rental properties available through Fayette Housing Authority or at Copperhead Creek apartments.
Fayette (zip 65248) has an unemployment rate of 3.1%. The US average is 6.0%.
Fayette (zip 65248) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Fayette (zip 65248)
- The Sales Tax Rate for Fayette (zip 65248) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Fayette (zip 65248) 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 Fayette (zip 65248)
- The average income of a Fayette (zip 65248) resident is $22,127 a year. The US average is $37,638 a year.
- The Median household income of a Fayette (zip 65248) resident is $52,262 a year. The US average is $69,021 a year.