Our cost of living indices are based on a US average of 100. 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 |
|---|---|---|
| Grocery | 94.9 | 100 |
| Health | 97.6 | 100 |
| Housing | 69 | 100 |
| Median Home Cost | $194,000 | $291,700 |
Is Missouri expensive to live in?
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.
How much money does it take to live comfortably 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 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.
How much does it cost to live in an apartment in Missouri?
Renting a home in Missouri is also on the affordable side. The average monthly rent is only $809, which is more than $200 lower than the national median monthly rent of $1,023. Of course, housing prices will depend on where you live.
Where is the cheapest state to live?
Mississippi
Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
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 minimum wage in Missouri?
$11.15 per hour
Missouri raises minimum wage to $11.15 per hour, no increase in Arkansas for 2022. JEFFERSON CITY, Mo.
What is considered low income in Missouri?
You must have a net household income of less than $885 per month if single or widowed. You must have a net household income of less than $1,198 per month if married. Your assets cannot exceed $2,000 if single. Your household assets cannot exceed $4,000 if married.
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 |
Why are Missouri houses 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.
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.
What is the safest place in Missouri to live?
2022 Safest Cities in Missouri:
- Cottleville.
- Higginsville.
- Glendale.
- Greenwood.
- Ballwin.
- Savannah.
- Battlefield.
- Rock Hill.
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 the average electric bill in Missouri?
Electricity bills in Missouri
In Missouri, the average monthly electricity bill for residential consumers is $153/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 1,239 kWh * 12 ¢/kWh.
What is the cheapest city to live in in Missouri?
The 5 Most Affordable Places to Live In Missouri
- Webb City. This beautiful town of about 11,000 is right on the Kansas border and is within sight of the Ozark Mountains.
- New Franklin. New Franklin is a quaint little Missouri town that just might be the most affordable place to live in the entire state.
- Fayette.
- Aurora.
- St.
Where can I live for $500 a month in USA?
Without further ado – and in no particular order – here’s what $500 per month can get you in ten affordable U.S. cities:
- Greenville, OH. Listing: Wayne Crossing.
- Wichita, KS. Listing: Eagle Creek.
- Lawton, OK. Listing: Sheridan Square Apartments.
- Amarillo, TX.
- Indianapolis, IN.
- Searcy, AR.
- Shreveport, LA.
- Jackson, MS.
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.
Where is the nicest and cheapest place to live?
The Best Affordable Places to Live in the U.S. include:
- Hickory, North Carolina.
- Green Bay, Wisconsin.
- Huntsville, Alabama.
- Davenport-Bettendorf, Iowa, and Moline-Rock Island, Illinois (Quad Cities).
- Fort Wayne, Indiana.
- Pittsburgh, Pennsylvania.
- Beaumont, Texas.
- Fayetteville, Arkansas.
What are the dangers of living in Missouri?
It’s an unfortunate fact – bad things can happen no matter where you call home.
Here Are The 8 Biggest Risks Of Living In The State Of Missouri
- Earthquakes. Kbh3rd/Commons.Wikimedia.org.
- Tornadoes. Commons.Wikimedia.org.
- Heart Disease.
- Drowning.
- Floods.
- Meth.
- Meningitis.
- Deer.
What part of Missouri is best to live in?
Living in Missouri puts residents near the center of the United States. The best places to live in Missouri are St. Louis, West Plains, Chesterfield, O’Fallon and Columbia.