Plato, MO is a small town located in Texas County with a population of 65552. Being a small rural community, the cost of living is relatively low. The price of rent for two-bedroom apartments in Plato is $730 which is significantly lower than the national average of $1,430. Additionally, local grocery prices have an index score of 97 compared to 100 in the US, making groceries more affordable.
The main industries in Plato are agriculture and manufacturing. There are several companies providing services and products that are essential to the livelihood of locals such as D&D Trucking and Excavation for transport and construction needs. Bluebonnet Feeds has been around since 1947 and provides feed products to farmers and ranchers. L&L Door Company produces wooden doors custom suited for clients’ needs. Finally, Johnson Dairy Supply is a family-owned business offering dairy supplies and services for 40 years now.
Plato (zip 65552) has an unemployment rate of 4.7%. The US average is 6.0%.
Plato (zip 65552) has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Plato (zip 65552)
- The Sales Tax Rate for Plato (zip 65552) is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Plato (zip 65552) 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 Plato (zip 65552)
- The average income of a Plato (zip 65552) resident is $23,495 a year. The US average is $28,555 a year.
- The Median household income of a Plato (zip 65552) resident is $61,417 a year. The US average is $69,021 a year.