St. Joseph is ranked as one of top 100 Leading locations for 2011 from Area Development magazine, including survey results from Forbes: “The Best Cities for Jobs” and “Best Cities for Job Growth” (Top 25) from NewGeography.
The Numbers Show Why Businesses Choose St. Joseph:
Why is St. Joseph, Mo., both near and perfect? With a population of 76,197, St. Joseph, Mo., is in the center of an active business Midwestern business region, just minutes from the Kansas City, Mo., metropolitan area and Topeka, Kan., among other cities in a progressive bi-state region.
According to the February 2013 ESRI report, the St. Joseph Metropolitan Statistical Area has grown from 122,336 in 2000 to 128,053 in 2012.
Key attributes of St. Joseph, Mo., include:
- Uniquely positioned within 500 miles of 44 percent of the total U.S. manufacturing establishments, and just 200 miles from the nation’s population center
- St. Joseph is in the center of retail strength from the Northwest Missouri 19-county region, with retail demand exceeding $3 billion; the City also draws from an active labor force and the business power of nearby Kansas City, Mo. Within just one hour from St. Joseph, retail establishments number more than 7,100, with a total potential of $9,005,626,017.
- St. Joseph is a nationally-recognized leader in animal health and life sciences, and a pivotal component of the KC Animal Health Corridor – where nearly one-third (32 percent) of the $19 billion global animal health industry is located.
- Low-cost utilities and overall low cost of business, compared to other similar-sized cities; short work commute time and strong network of business leaders
- The city is built upon a regional workforce drawing from strong Midwestern work ethic and historical agricultural innovation, including long-time linkages to several neighboring rural communities that help provide a dedicated, passionate labor base to St. Joseph.
Demographic Highlights, St. Joseph, Mo.:
St. Joseph is the largest city in Northwest Missouri, serving as the county seat for Buchanan County. As of the 2010 census, St. Joseph had a total population of 76,197, making it the eighth largest city in the state.
- City of St. Joseph: 76,197
- Buchanan County population: 90,274
- Total St. Joseph Metropolitan Population: 128,053
- Retail Trade Potential, St. Joseph Metropolitan Area: $1,006,384,503
Median Household Income, Buchanan County, Mo:
Source: Claritas, Inc.
Average Buchanan County Wage:
Source: Missouri Department of Economic Development
Average Commute Time:
|Population by Age Group, Buchanan County:|
|17 and Under||21,290|
|18 – 34||21,445|
|35 – 54||24,262|
|55 – 74||16,514|
|75 and Older||6,863|
|Education Rates, Buchanan County:|
|High School Diploma:||23,067|
|Total workforce with educational degrees:||38,535|
Population by Race
African American 4.2%
American Indian or Alaska Native 0.4%
Asian, Pacific Islander 0.6%
Total is greater than 100 percent because Hispanics are included in other ethnic groups.
Low Cost of Living
St. Joseph ranks considerably lower in cost of living compared to other cities. According to the Council for Community and Economic Research (C2ER) cost of living index tool, including grocery items, housing, utilities, transportation, health care, and miscellaneous goods and services, St. Joseph has a ranking of 92.6 percent. In comparison, Kansas City, Mo., has a cost of living index of 98.1. Boston has a cost of living index of 133.9, and Los Angeles is 135.9.
Quality, Affordable Housing Sets St. Joseph Apart
St. Joseph consistently rates as one of the most affordable housing markets among cities with populations in the 75,000- 100,000 range. The median list price for a single family home in St. Joseph is $114,000. Several exciting renovated loft options are available in the city’s downtown and uptown area, as well as attractive and affordable housing options in historic and National Register neighborhoods.
Tax Information Comparison, 2011:
The local property tax rate is an aggregate of county, school, city and state levies as tax per $100 of assessed valuation.
Personal Property Tax Rate:
St. Joseph: 1.14
Kansas City: 2.66
Missouri Individual Income Tax Rate: Missouri’s individual income tax rates are graduated from a low of 1/1/2 percent on a taxable incomes of $1,000 or less, to a high of $315 plus 6 percent on taxable income in excess of $9,000. Taxable income may be reduced by 100 percent of federal income tax payments, $1,200 for each dependent, $2,100 for each personal exemption, and by the federal standard deduction or Missouri itemized deduction.
Missouri Corporate Income Tax Rate: Lower than Most States
State law sets the corporate income tax rate at 6.25 percent of net taxable income earned by a business in Missouri. This is lower than most of the 46 states by imposing a corporate income tax. In addition, Missouri allows 50 percent of federal income tax payments to be deducted before computing taxable income.
St. Joseph is perfectly positioned, just 35 minutes north of the KCI Airport and at the crossroads of several major thoroughfares, including Interstates 29 and 35 – offering access from Mexico to Canada and Ohio to Colorado. The city is set alongside the Missouri river with multi-modal barge freight and access points to major rail lines. Chartered flights are offered from Rosecrans Memorial Airport and access to several additional major Interstates, including I-70 and I-35, are just minutes away.
Number of Jobs in St. Joseph Metropolitan Statistical Area (non-farm) in January 2012: 61,600
Number of Jobs in St. Joseph Metropolitan Statistical Area (non-farm) in January 2013: 62,500
Employment by Industry
Manufacturing represents one of the top employer segments in St. Joseph, including global leaders in the region’s world-renowned animal health industry. Nearly 11,000 people are employed in manufacturing in St. Joseph and the surrounding Buchanan County, with an average annual salary of $39,325. Health care and social assistance fields also represent an industry workforce leader, with more than 6,500 employees in these segments. Among St. Joseph’s industries included in a 2009 Bureau of Labor Statistics source, the overall average wage was $30,181.
|Average Wage by Industry: St. Joseph and surrounding Buchanan County, Mo.|
|Occupation||Number of Employees||Average Annual Salary|
|Agriculture and Degreed Life Sciences (Non-Farming)||3,200||$55,000|
|Life Sciences Total, Including Health Care||6,559||$44,183|
|Transportation and Warehousing||1,204||$32,595|
|Finance and Insurance||1,575||$41,744|
|Real Estate and Rental and Leasing||473||$24,255|
|Professional, Scientific, and Technical Services||1,190||$48,308|
|Management of Companies and Enterprises||390||$37,101|
|Administrative and Support and Waste Management||2,282||$22,805|
|Arts, Entertainment, and Recreation||587||$17,202|
|Accommodation and Food Services||3,825||$12,117|
|Other Services (except Public Administration)||1,739||$19,397|
Retail Strength: The St. Joseph Metropolitan Area is Near Kansas City, But Strong In Its Own Development
Within just the St. Joseph metropolitan area (not including Kansas City), the total retail potential is valued at $1,006,384,503 for a population of 126,319. There are nearly 1,000 retail establishments in the St. Joseph metropolitan area alone.
The St. Joseph metropolitan area is part of a strong greater trade area existing as a hub of retail growth and acting as transportation, manufacturing and distribution partner with the Kansas City region – but remaining strong on its own.
Within the 17 county Northwest Missouri region, total retail trade demand is $3,003,111,629. This active region includes more than 2,600 businesses.
For an ESRI report on the St. Joseph Metropolitan Area, click here. For more information contact Rebecca Evans, Regional Director of the Small Business and Technology Development Center, at , or (816) 364-4105.