O'Fallon, MO is a city located in St. Charles County, Missouri. With a population of 79,329 people, it is the 8th largest city in the state. O'Fallon is known for its low cost of living and high quality of life. The average 2 bedroom rent in this area is $1,090 while the US average 2 bedroom rent is $1,430. Similarly, grocery costs index 100 compared to the US average of 100 indicating that grocery costs are nearly equal to those across the country. With its strong job market and affordable housing options, O'Fallon has become an attractive destination for families and business alike.
The economy of O'Fallon is largely driven by healthcare services and retail stores with major employers such as Mercy Hospital South and Dierbergs Markets Inc. Other large employers are Boeing Co., Scott Credit Union, City of O’Fallon and Mastercard International Incorporated. The city also hosts a number of small businesses including local restaurants like Biggie’s Bar & Grill and Peacemaker Lobster & Crab Co., boutiques like Boutique C-21 and Glamour Girlz Accessories Boutique, along with independent salons such as Kandi's Kuts & Kolors Hair Studio.
OFallon (zip 63366) has an unemployment rate of 3.3%. The US average is 6.0%.
OFallon (zip 63366) 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 31.7%, which is lower than the US average of 33.5%.
Tax Rates for OFallon (zip 63366)
- The Sales Tax Rate for OFallon (zip 63366) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for OFallon (zip 63366) 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 OFallon (zip 63366)
- The average income of a OFallon (zip 63366) resident is $39,141 a year. The US average is $37,638 a year.
- The Median household income of a OFallon (zip 63366) resident is $84,414 a year. The US average is $69,021 a year.