New Florence, MO is an excellent place to live for those looking for a small town feel combined with convenience. Located in Montgomery County, New Florence has a population of 63363 and offers an affordable cost of living compared to the US average. The 2 Bedroom rental price in New Florence is $800 compared to the US average of $1430, while Grocery Cost Index stands at 95 versus 100 in the US. There are many local companies such as Walmart, Dollar General and Family Dollar located nearby that offer shopping opportunities close to home. New Florence provides a great opportunity for those who want to experience small-town life without sacrificing amenities or convenience.
New Florence (zip 63363) has an unemployment rate of 3.7%. The US average is 6.0%.
New Florence (zip 63363) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for New Florence (zip 63363)
- The Sales Tax Rate for New Florence (zip 63363) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for New Florence (zip 63363) 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 New Florence (zip 63363)
- The average income of a New Florence (zip 63363) resident is $25,652 a year. The US average is $37,638 a year.
- The Median household income of a New Florence (zip 63363) resident is $50,096 a year. The US average is $69,021 a year.