Quality of Life at Lake of the Ozarks
Why move your business to the Lake of the Ozarks? Well, aside from the beauty of the lake and surrounding area, we have a high quality of life! From quality education and healthcare to a good workforce and great recreation, the Lake of the Ozarks area has a lot to offer its residents. Let's take a look at some of the things that make living and working in this area so great!
The sales tax rates in the Lake of the Ozarks region vary slightly from county to county, and vary even a little more from city to city:
For Businesses
In Missouri, the taxable wage base is $11,000. This means an employer pays contributions/taxes on the first $11,000 paid to each employee. After the taxable wage base has been met, the employer continues to report the individual for the remainder of the year, but is no longer required to pay taxes on those wages. The new employer contribution rate for general employers is 3.51% with the exceptions being those new employers in the construction-related industry, those employers are assigned a rate of 3.832% and employers in the mining industry receive the contribution rate of 3.567%.
The Lake of the Ozarks area is fortunate to have great educational institutions. Four high schools are conveniently located throughout the Lake area, and the graduation seniors have ACT scores that are consistently above the state and national averages. In addition, 2/3 of those graduates advance on to higher education. The Lake area is home to two technical career centers, a 4-year liberal arts college extension campus and a satellite community college. All of these educational institutions work closely with the community businesses to provide needed training for the area's workforce.
Lake Regional Health System provides comprehensive health care services to Lake area residents and visitors. The hospital is a state-designed Level III trauma center. It is accredited by the Joint Commission and is a 3-time recipient of the Missouri Quality Award. Quality recognition can come in the form of awards, accreditation, certification or designations of excellence, all of which can help patients and families identify quality care. Learn more about the Lake of the Ozarks' quality healthcare by checking out Lake Regional Health Systems' awards and recognition here: www.LakeRegional.com.
According to the LOREDC Workforce Assessment conducted in 2013, of the 12 quality characteristics, Product Quality scored the highest with a rating of 4.32 on a 5.0 scale, and Productivity ranked second. However, Availability of Job Applicants scored the lowest at 3.25. Overall, the workforce quality index is 3.88 for the Lake area and the overall statistical average is 3.00. Of the 12 workforce skill characteristics, Service Orientation and Reading Comprehension ranked highest with a 4.11 on a 5.0 scale. Science ranked the lowest at 3.21. The overall workforce skill index for the Lake area is 3.6 and the overall statistical average is 3.00.
The overall average hourly wage for the Lake of the Ozarks regional labor market is $18.45 and compares to the 2012 BLS national average wage of $22.01 and Missouri average of $19.79. The 3-county region hourly wage average is 16.2% below the national average and 6.8% below the State of Missouri average. For more information on the quality of the workforce in the Lake of the Ozarks region, check out the rest of the study's findings here: www.LOREDC.com.
The Lake of the Ozarks is known for it's recreational activities such as fishing, boating, golfing, hiking, biking and more! The region boasts over 100 marinas, more than 40 waterfront restaurants and many more dining establishments off the water. In addition, there are hundreds of shopping opportunities and other off-water activities for the entire family to enjoy. Enjoy playing golf at more than a dozen magnificent courses encircling the Lake of the Ozarks area or explore nature at Bridal Cave, Jacob's Cave or one of the many hiking trails at Ha Ha Tonka State Park or the Lake of the Ozarks State Park. We were voted BEST recreational lake in the country - come see why!
The Lake of the Ozarks Regional Economic Development Council
is here to serve as your liaison for Lake of the Ozarks area. Our goal
is to make your site search as easy as possible and to provide you with
all the information and resources you need to consider our community
during your site search. We can also assist you with most aspects of
relocating your business to the Lake of the Ozarks and we encourage you
to visit our website or call us at 573-569-7420.
Tax Rates
The sales tax rates in the Lake of the Ozarks region vary slightly from county to county, and vary even a little more from city to city:
- Camden County - 5.475%
- Miller County - 5.725%
- Morgan County - 5.725%
- Camdeton - 7.475%
- Eldon - 8.125%
- Lake Ozark - 7.725%
- Laurie - 7.725%
- Osage Beach - 7.475% to 8.725% depending on the area
- Versailles - 7.725%
For Businesses
In Missouri, the taxable wage base is $11,000. This means an employer pays contributions/taxes on the first $11,000 paid to each employee. After the taxable wage base has been met, the employer continues to report the individual for the remainder of the year, but is no longer required to pay taxes on those wages. The new employer contribution rate for general employers is 3.51% with the exceptions being those new employers in the construction-related industry, those employers are assigned a rate of 3.832% and employers in the mining industry receive the contribution rate of 3.567%.
Education
The Lake of the Ozarks area is fortunate to have great educational institutions. Four high schools are conveniently located throughout the Lake area, and the graduation seniors have ACT scores that are consistently above the state and national averages. In addition, 2/3 of those graduates advance on to higher education. The Lake area is home to two technical career centers, a 4-year liberal arts college extension campus and a satellite community college. All of these educational institutions work closely with the community businesses to provide needed training for the area's workforce.
Healthcare
Lake Regional Health System provides comprehensive health care services to Lake area residents and visitors. The hospital is a state-designed Level III trauma center. It is accredited by the Joint Commission and is a 3-time recipient of the Missouri Quality Award. Quality recognition can come in the form of awards, accreditation, certification or designations of excellence, all of which can help patients and families identify quality care. Learn more about the Lake of the Ozarks' quality healthcare by checking out Lake Regional Health Systems' awards and recognition here: www.LakeRegional.com.
Workforce
According to the LOREDC Workforce Assessment conducted in 2013, of the 12 quality characteristics, Product Quality scored the highest with a rating of 4.32 on a 5.0 scale, and Productivity ranked second. However, Availability of Job Applicants scored the lowest at 3.25. Overall, the workforce quality index is 3.88 for the Lake area and the overall statistical average is 3.00. Of the 12 workforce skill characteristics, Service Orientation and Reading Comprehension ranked highest with a 4.11 on a 5.0 scale. Science ranked the lowest at 3.21. The overall workforce skill index for the Lake area is 3.6 and the overall statistical average is 3.00.
The overall average hourly wage for the Lake of the Ozarks regional labor market is $18.45 and compares to the 2012 BLS national average wage of $22.01 and Missouri average of $19.79. The 3-county region hourly wage average is 16.2% below the national average and 6.8% below the State of Missouri average. For more information on the quality of the workforce in the Lake of the Ozarks region, check out the rest of the study's findings here: www.LOREDC.com.
Quality of Life
The Lake of the Ozarks is known for it's recreational activities such as fishing, boating, golfing, hiking, biking and more! The region boasts over 100 marinas, more than 40 waterfront restaurants and many more dining establishments off the water. In addition, there are hundreds of shopping opportunities and other off-water activities for the entire family to enjoy. Enjoy playing golf at more than a dozen magnificent courses encircling the Lake of the Ozarks area or explore nature at Bridal Cave, Jacob's Cave or one of the many hiking trails at Ha Ha Tonka State Park or the Lake of the Ozarks State Park. We were voted BEST recreational lake in the country - come see why!
Lake of the Ozarks - Your Strategy for Business Growth
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1000 City Parkway
Osage Beach, MO 65065
573-569-7420
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