MERIC derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state. Missouri’s cost of living index for 2021 was 89.8.
2022 First Quarter Cost of Living.
| State | Mississippi | Iowa |
|---|---|---|
| Index | 83.1 | 88.1 |
| Grocery | 92.3 | 99.4 |
| Housing | 63.8 | 69.5 |
| Utilities | 90.0 | 94.8 |
Is it cheaper to live in Missouri or Iowa?
Iowa is 3.9% more expensive than Missouri.
Is Missouri a cheap state to live in?
Relatively low housing costs put Missouri as the No. 6 most affordable state in the nation. The state enjoys housing prices about 25% cheaper than the rest of the country. You’ll pay an average of just $998 for rent, and median home prices on the market are around $180,000.
Is Iowa a cheap state to live in?
In comparison to other states in the U.S., Iowa is considered one of the most reasonably priced places to reside. In fact, a recent article published by USA Today ranked Iowa the ninth cheapest state to live in.
Is Iowa an expensive state to live in?
Living in Iowa is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 10.8% less than they do on average nationwide. Compared with all other states, Iowa has the 11th lowest overall cost of living.
Why is Missouri so cheap?
Because the median home value in Missouri is about 30% less than the national average. This makes Missouri housing one of the cheapest places in the United States. Since it routinely ranks in the top 10 most affordable.
What is the cheapest U.S. state to live in?
Mississippi
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.
What is the cheapest town in Missouri to live in?
New Franklin. New Franklin is a quaint little Missouri town that just might be the most affordable place to live in the entire state.
What is the safest place in Missouri to live?
2022 Safest Cities in Missouri:
- Cottleville.
- Higginsville.
- Glendale.
- Greenwood.
- Ballwin.
- Savannah.
- Battlefield.
- Rock Hill.
Is it cheaper to live in Tennessee or Missouri?
Missouri is 1.8% cheaper than Tennessee.
What is the cheapest city to live in Iowa?
In housing affordability, Iowa ranked first.
- Newton. Median listing home price: $139,000.
- Davenport. Median listing home price: $149,900.
- Cedar Rapids.
- Dubuque.
- Des Moines.
- Cedar Falls.
- Coralville.
- Indianola.
What is the best state to live in financially?
Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall.
Why should I move to Iowa?
Iowa’s natural scenic views, friendly people, low crime rates, affordable homes, and small-town atmosphere make it one of the most coveted places in the United States. Whether you’re a millennial, a young family, retiree, or even a student, you’ll find a place to call home in Iowa.
What is the best place to live in Iowa?
Iowa City is Iowa’s highest-ranked city at No. 58, followed by Ames at No. 64 and Des Moines at No. 93.
These three Iowa cities rank among the country’s 100 best places to live, study says
- Economics.
- Housing.
- Amenities.
- Infrastructure.
- Demographics.
- Social and civic capital.
- Education.
- Health care.
How much does it cost to live comfortably in Iowa?
Iowa cost of living is 83.7
| COST OF LIVING | Iowa | United States |
|---|---|---|
| Overall | 83.7 | 100 |
| Grocery | 94.4 | 100 |
| Health | 121.5 | 100 |
| Housing | 61.1 | 100 |
What state is the highest cost of living?
Hawaii
Hawaii is the most expensive state to live in the United States. With a cost of living index of 193.3, the cost of living in Hawaii is nearly twice the national average.
Is it worth moving to Missouri?
Lower Cost of Living
Another benefit when living in Missouri is its low cost of living. It even earned the 10th spot in the country for affordable living and, as a result, is well below the national average for cost. You can enjoy paying for lower utilities, groceries, rental fees, and other necessities.
Where should you not live in Missouri?
Here Are The 10 Most Dangerous Towns in Missouri To Live In
- Springfield, Missouri. Springfield, MO, USA.
- St. Louis, Missouri.
- Vinita Park, Missouri. Vinita Park, MO, USA.
- Branson, Missouri. Branson, MO 65616, USA.
- Joplin, Missouri. Joplin, MO, USA.
- Caruthersville, Missouri.
- Kansas City, Missouri.
- Sedalia, Missouri.
What is Mo minimum wage?
$11.15 per hour
Missouri raises minimum wage to $11.15 per hour, no increase in Arkansas for 2022.
What is the cheapest and safest state to live in?
Here are the 10 most affordable states in the U.S.:
- Indiana. Average cost of living index: 90.57.
- Michigan. Average cost of living index: 90.40.
- Missouri. Average cost of living index: 89.75.
- Tennessee. Average cost of living index: 89.49.
- Georgia. Average cost of living index: 89.30.
- Arkansas.
- Alabama.
- Oklahoma.
What is the 2nd cheapest state to live in?
Kansas offers the second-cheapest cost of living in the nation. Housing costs in Kansas are 28% lower than the national average, the third-lowest in the country. The average single-family home in Kansas costs $176,898. Rents for a two-bedroom apartment average $862 a month.