Cross Timbers, MO is a small town in Southern Missouri with a population of just over 200 people. It has a relaxed atmosphere and friendly community where everyone looks out for one another. The rental cost for a two bedroom apartment is much lower than the US average, which makes it an attractive option for those looking for affordable housing; it is also known as an ideal place to raise children due to its low crime rates and good school systems. Local businesses in Cross Timbers, MO are essential to the community's economy; most of them are small businesses such as grocery stores, gas stations, cafes, restaurants, and car dealerships. These businesses provide jobs to the locals and bring in customers from nearby cities. They also attract new investments into the area by providing necessary services that people need on a daily basis. As such, these local companies play an integral role in helping Cross Timbers maintain its economic stability by providing jobs and bringing commerce into the city.
Cross Timbers has an unemployment rate of 4.3%. The US average is 6.0%.
Cross Timbers has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Cross Timbers
- The Sales Tax Rate for Cross Timbers is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Cross Timbers is 5.9%. The US average is 4.6%.
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Income and Salaries for Cross Timbers
- The average income of a Cross Timbers resident is $14,818 a year. The US average is $37,638 a year.
- The Median household income of a Cross Timbers resident is $47,885 a year. The US average is $69,021 a year.