64770 Montrose, MO is an excellent place to live for those who are looking for an affordable and family-friendly community. The average two bedroom rent in the area is only $850, making it much more accessible than the national average of $1,430. In addition to this low cost housing option, the grocery cost index in 64770 Montrose, MO is 94 versus 100 in the United States on average; again making it a very desirable location to start a family. Local companies here are mostly agricultural due to its rural setting. Agriculture plays a big part in the local economy with businesses like L&L Farms LLC and Fox Farm Products Inc. being major employers of locals from 64770 Montrose, MO.
Montrose (zip 64770) has an unemployment rate of 4.3%. The US average is 6.0%.
Montrose (zip 64770) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Montrose (zip 64770)
- The Sales Tax Rate for Montrose (zip 64770) is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Montrose (zip 64770) 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 Montrose (zip 64770)
- The average income of a Montrose (zip 64770) resident is $24,889 a year. The US average is $28,555 a year.
- The Median household income of a Montrose (zip 64770) resident is $55,814 a year. The US average is $69,021 a year.