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.
Is Missouri cheap to live?
Missouri had the 12th lowest cost of living in the United States for the first quarter 2022. In general, the most expensive areas to live were Hawaii, Alaska, the Northeast, and the West Coast. The least expensive areas were the Midwest and Southern states.
Are things cheaper in Missouri?
An amount below 100 means Missouri is cheaper than the US average.
Missouri cost of living is 85.9.
| COST OF LIVING | Missouri | United States |
|---|---|---|
| Overall | 85.9 | 100 |
| Grocery | 94.9 | 100 |
| Health | 97.6 | 100 |
| Housing | 69 | 100 |
How much is cost of living in Missouri?
There are too many variables, including whether you’re single or living with someone, whether you have kids, and other considerations. With that in mind, the average cost to live in the state of Missouri lies between $2,202 and $6,411 per month.
Is food cheaper in Missouri?
Missouri has the cheapest grocery prices in the Midwest. Shoppers in the state pay 7% less than the countrywide average for their retail food.
What is a good wage in Missouri?
Living Wage Calculation for Missouri
| 1 ADULT | ||
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $16.29 | $31.77 |
| Poverty Wage | $6.19 | $8.38 |
| Minimum Wage | $11.15 | $11.15 |
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What is Mo minimum wage?
$11.15 per hour
Missouri raises minimum wage to $11.15 per hour, no increase in Arkansas for 2022.
Why you shouldn’t live in Missouri?
But overall, Missouri has a high crime rate. And a propensity for gang activity. Overall, Missouri has higher crime rates than most of the US. When compared to the other 50 states, Missouri ranks in the top 10 for its violent crime rate.
What is the average hourly wage in Missouri?
Hourly Rate Salary in Missouri
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $71,126 | $34 |
| 75th Percentile | $43,704 | $21 |
| Average | $48,672 | $23 |
| 25th Percentile | $25,279 | $12 |
Is Missouri a good state to live in?
Missouri is a great place to live and has something for everyone. Cities, rural areas, culture, nature, sports, great food and so much more. Obviously, EVERYONE couldn’t live here and still maintain the balance of calm, chaos, and adventure. However, visiting is another story.
How much is food in Missouri?
Louis, the average meal out is an affordable $12.00. A 3-course dinner for two will cost $50.00. Grocery prices also run lower in Missouri. A single adult will spend an average of $3,001 on food per year, compared to the national average of $3,240.
Is it cheaper to live in Texas or Missouri?
Texas is 3.9% more expensive than Missouri.
Does Missouri have tax on groceries?
Section 144.014, RSMo provides a reduced tax rate for certain food sales. The rate for food sales was reduced by 3%, from 4.225% to 1.225%.
What state is most expensive to live in?
Hawaii
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. Hawaii has the highest costs across all indexes, except healthcare.
Is there a state tax in Missouri?
Missouri has a 4.225 percent state sales tax rate, a max local sales tax rate of 5.763 percent, an average combined state and local sales tax rate of 8.29 percent. Missouri’s tax system ranks 13th overall on our 2022 State Business Tax Climate Index.
What job pays the most in Missouri?
Detailed List Of Highest Paying Jobs In Missouri
| Rank | Job Title | Entry Level Salary |
|---|---|---|
| 1 | Medical Director | $127,000 |
| 2 | Chief Executive Officer/chief Technology Officer | $130,000 |
| 3 | Chief Medical Officer | $125,000 |
| 4 | President & Chief Technology Officer | $128,000 |
What is a good salary for a single person in Missouri?
$42,418 is the 25th percentile. Salaries below this are outliers. $85,694 is the 90th percentile. Salaries above this are outliers.
What is the best state to live in financially?
The five best states for your personal finances in 2022 are (No. 1 being best): Tennessee.
- New Jersey.
- Hawaii.
- Connecticut.
- Alaska.
- Illinois.
Which state has the cheapest food?
The most notable exception is New Hampshire, which, despite being an East Coast state, actually has the lowest food costs in the nation.
How much does McDonald’s pay an hour in Missouri?
How much does McDonald’s in Missouri pay? Average McDonald’s hourly pay ranges from approximately $7.65 per hour for Retail Sales Associate to $14.87 per hour for Administrative Assistant.