The 63116 St. Louis, MO is an ideal place to live due to the affordable housing prices. The average 2 Bedroom rent in the area is only $1,010, significantly lower than the US average of $1,430. Additionally, grocery costs index in 63116 St. Louis, MO is 95 compared to 100 for the US as a whole. As such, taxpayers can save money on monthly living expenses when they move to 63116 St. Louis, MO while still enjoying excellent amenities and services. Local companies that contribute to making this area a great place to live include Landmark Bank, PrimeLending and Smart Financial Credit Union - branches of which are located in the 63116 zip code - offering financial services like mortgages and savings accounts. Other businesses in this area include Spengemann-Bolle Insurance Agency and Sullivan Cleaners & Laundry for insurance and laundry needs respectively.
St. Louis (zip 63116) has an unemployment rate of 6.3%. The US average is 6.0%.
St. Louis (zip 63116) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for St. Louis (zip 63116)
- The Sales Tax Rate for St. Louis (zip 63116) is 9.2%. The US average is 7.3%.
- The Income Tax Rate for St. Louis (zip 63116) is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for St. Louis (zip 63116)
- The average income of a St. Louis (zip 63116) resident is $23,449 a year. The US average is $28,555 a year.
- The Median household income of a St. Louis (zip 63116) resident is $53,003 a year. The US average is $69,021 a year.