Herculaneum is a small city in Jefferson County, Missouri with a population of around 63048 people. It is located just south of St. Louis, which makes it a great place to live for those who want to be close to the city's attractions and amenities without having to pay the high costs associated with living in an urban area. The average 2 bedroom rent in Herculaneum is $1,250 per month, while the national average is currently $1,430 per month. This makes Herculaneum an affordable option for those seeking housing. In addition, the grocery cost index in Herculaneum is 97 compared to 100 on average nationally. This means that grocery prices are slightly lower than the national average in this city.
The local economy of Herculaneum is based upon manufacturing and service industries, such as DuBoeuf Manufacturing Company and Amcor Packaging Solutions Herculaneum Plant. These companies provide employment opportunities for many citizens of this region and help keep the cost of living relatively low.
Herculaneum (zip 63048) has an unemployment rate of 4.4%. The US average is 6.0%.
Herculaneum (zip 63048) has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Herculaneum (zip 63048)
- The Sales Tax Rate for Herculaneum (zip 63048) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Herculaneum (zip 63048) 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 Herculaneum (zip 63048)
- The average income of a Herculaneum (zip 63048) resident is $29,401 a year. The US average is $37,638 a year.
- The Median household income of a Herculaneum (zip 63048) resident is $81,075 a year. The US average is $69,021 a year.