Matthews, MO is a small city located in New Madrid County with a population of 638. The rent for a two-bedroom apartment in Matthews is $760, significantly lower than the US average of $1,430. The Grocery Cost Index for Matthews is 93 compared to 100 in the US. For those looking to save on living expenses while still getting access to basic amenities, Matthews could be an ideal place to make their home.
The local economy of Matthews includes a variety of different companies such as Mathew's General Store which provides groceries and other household items, Wabash Electric which offers electrical services and repair, Matthews Automotive Repair for all auto needs, G & M Precision Tooling which has metalworking and machining services, and Lawless Tire Co., a tire shop providing new tires and repairs.
Matthews (zip 63867) has an unemployment rate of 4.5%. The US average is 6.0%.
Matthews (zip 63867) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 3.3%, which is lower than the US average of 33.5%.
Tax Rates for Matthews (zip 63867)
- The Sales Tax Rate for Matthews (zip 63867) is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Matthews (zip 63867) 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 Matthews (zip 63867)
- The average income of a Matthews (zip 63867) resident is $23,513 a year. The US average is $28,555 a year.
- The Median household income of a Matthews (zip 63867) resident is $39,740 a year. The US average is $69,021 a year.