What Is The Cost Of Living In Missouri?January 11, 2023
At most everyone knows about Missouri, perhaps the cost of living in Missouri is not known for all. When you hear the word Missouri, various magical things come in front of your eyes. Because Missouri is an extremely popular destination among tourists from around the globe. It is known for its random oversized objects, it is home to a 12-foot-long pecan, a giant rocking chair that is more than 42 feet tall, a 43-foot-tall rooster, and the world’s largest chess piece. In addition to this, it is also known for its barbecue, strong agriculture industry, and iconic landmarks like the Gateway Arch. Let’s know the cost of living in Missouri.
What Is The Cost Of Living In Missouri?
The cost of living in Missouri is $1,750, which is 1.11 times less expensive than the national average in the United States. The state is ranked 41st most expensive state and 22nd the best state to live in the United States. The average salary after taxes in the state is around $3609, which is enough to cover living expenses for 2.1 months. Below we have tabulated the average cost of living in Missouri in comparison to the national average of 100.
|Cost Of Living For||Missouri||USA|
|Median Home Cost||$194,000||$291,700|
The average monthly cost of living in Missouri is relatively affordable, you can still save considerably by renting with a roommate. Missouri has rental properties in all forms, from modern high-rise apartments in the city to single-family homes in the suburbs. There is something to fit every renter’s taste in Missouri. Here is a table showing you the cost of rent for one and two-bedroom apartments in different cities in Missouri, including the cost of living in Springfield Missouri.
|City||Approx 1 Bedroom Rent||Approx 2 Bedroom Rent|
While calculating the cost of assisted living in Missouri, you need to consider the cost of food. In the state, a single resident spends around $3,246 annually on food, roughly $270.50 per month. And a family of four will spend around $9.505 annually, approximately $792.08 per month. We have tabulated the cost of dinner for 2 in different cities in Missouri, including the cost of living in Ozark Missouri.
|City||Approx Dinner Cost For 2|
The cost of living in Missouri City Texas may be expensive because of expensive transportation. The average annual transportation cost of $5,149 for a single person, according to the MIT cost of living calculator. And it is for a family of four and will be $13,993 per year. Considering the national average gas price, the price of gas in Missouri is considerably low which is $3.30 per gallon.
The cost of healthcare, fitness, utility, internet, entertainment, and taxes also affects your cost of living. So, let’s know about them.
In Missouri, a single adult needs $2,681 for medical care in a single year, while a family of four with two children and two working adults needs $8,511, excluding child care. Child care for two can count on an average of $12,117 per year.
The utility bills vary as per cities in Missouri. In Kansas City is $164.79 per month, in St.
Louis, it is $183.94 per month, in Springfield it is $195.47 per month, and in St. Joseph, it is $242.67 per month.
In Missouri, a plan from HughesNet will cost you $59.99 per month for 10 to 50 Mbps. while a plan from Mediacom will cost you $19.99 per month for 60 to 940 Mbps.
In the state there is no shortage of fitness opportunities, which is why it is essential to understand the costs associated with it. The average cost of gym membership per month in Kansas City is $50.90, in St Louise is $36.9, in Springfield is $28.57, and in St. Joseph is $25.
In Missouri there are multiple national parks and also a total of 92 state parks. The state park system in the state is so expensive that it has been ranked in the top four in the nation on multiple occasions.
Missouri has a 4.225% state sales tax rate, a maximum local sales tax rate of 5.763%, and an average combined state and local sales tax rate of 8.29%.
Get to know more such amazing facts by visiting Beingcost.
Is Missouri High Cost Of Living?
Missouri had the 9th lowest cost of living in the United States for the third 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.
Is Missouri City Expensive?
Missouri City’s housing expenses are 13% higher than the national average and the utility prices are 2% lower than the national average. Transportation expenses like bus fares and gas prices are 12% lower than the national average. Missouri City has grocery prices that are 7% lower than the national average.
What Is A Good Salary In Missouri?
Most salaries in Missouri range between $36,449 (25th percentile) to $66,365 (75th percentile) annually. Of course, salaries will vary depending on yor occupation, experience, and many other factors.
Is Food Cheaper In Missouri?
Housing is 20% lower than the national average, while utilities are 5% lower. When it comes to basic necessities such as food and clothing, groceries are around 7% lower than in the rest of the country, while clothing costs 7% lower.
Now, you know about what is the average cost of living in Missouri. After reading this article, you got to know that, the overall cost of living in the state of Missouri is less than the national average, making it an excellent place for anyone to start a new life. If you want to move to an incredible state offering everything from rural suburbs to booming cities, Missouri might be the state for you. This is all about the cost of living in Missouri.