Housing. One of the main reasons why the cost of living in Missouri stays so low is the affordable price of housing. The average home in Missouri is valued at roughly $151,600. This is $53,000 below the national median home value.
Why is it so cheap to live in Missouri?
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 a low cost of living state?
Missouri has the seventh-lowest cost of living in the United States. Housing in Missouri costs 20% less than the national average. A typical single-family home in the state costs $194,226. A two-bedroom apartment rents for an average of $834.
How much does it cost 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 worth living in?
Missouri often ranks as one of the most affordable places to live in the United States. U.S. News and World Report ranks the state as the 10th most affordable place to be. The reason why it receives such high ratings in this area is because of lower costs for utilities, entertainment, groceries, and rent.
What is the cheapest state to live in?
Mississippi
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.
Is it cheaper to live in Kansas or Missouri?
In Missouri, the overall cost of living is 85.9% of the national average, while in Kansas, it is 83.1% of the average.
Cost of Living: Missouri vs. Kansas.
| Missouri | Kansas | |
|---|---|---|
| Average Household Income (2018) | $55,461 | $59,597 |
Is it cheaper to live in Texas or Missouri?
Texas is 5.3% more expensive than Missouri.
What is a good salary in Missouri?
9% of jobs $20.57 is the 25th percentile. Wages below this are outliers. 27% of jobs $30.75 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Missouri.
| City | St. Charles |
|---|---|
| Annual Salary | $59,611 |
| Monthly Pay | $4,968 |
| Weekly Pay | $1,146 |
| Hourly Wage | $28.66 |
Is Missouri cheaper than California?
Missouri is 22.7% cheaper than California.
What is the highest paying job in Missouri?
Detailed List Of Highest Paying Jobs In Missouri
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Medical Director | $187,011 |
| 2 | Chief Executive Officer/chief Technology Officer | $186,522 |
| 3 | Chief Medical Officer | $185,069 |
| 4 | President & Chief Technology Officer | $184,083 |
What is the average Missouri salary?
2020 Total Wages for All Industries Private Ownership
| County | Avg Annual Wages | Avg Hourly Wage |
|---|---|---|
| ATCHISON | $37,404 | $17.98 |
| AUDRAIN | $39,430 | $18.96 |
| BARRY | $40,423 | $19.43 |
| BARTON | $36,845 | $17.71 |
What is minimum wage in Missouri?
$11.15/hr.
The state minimum wage for 2022 is $11.15/hr.
Employers engaged in retail or service businesses whose annual gross income is less than $500,000 are not required to pay the state minimum wage rate.
Is moving to Missouri a good idea?
Is Missouri a Good Place to Live? Yes, with its low cost of living, decent wages, and strong job market the state of Missouri is worth considering as home. Missouri offers a wide range of living environments.
Is it cheaper to live in Missouri or Illinois?
Illinois comes in at No. 20. Residents there spend 78.2% of their average income per capita on cost of living expenses. Missouri’s per capita consumer spending has risen 7.08% from 2008 to 2017, while Illinois’ grew 8.49% in the same period.
Is Missouri a good place to live 2021?
ST. LOUIS – Three Missouri cities placed in the top 100 on U.S. News and World Report’s list of the “150 Best Places to Live in the U.S. in 2021-2022.” Kansas City placed the highest on the list at number 57.
What is the best state to live in financially?
Overall ranking of best states for your finances
| Rank | State | Score |
|---|---|---|
| 1 | Tennessee | 4.33 |
| 2 | Utah | 4.45 |
| 3 | Idaho | 4.59 |
| 4 | Arkansas | 4.91 |
Where can I live on $2 000 a month?
You know your budget can’t handle passing the $2,000-per-month mark, so you want to make a strategic move.
The Best Cities To Retire on $2,000 a Month
- Lincoln, Nebraska.
- Des Moines, Iowa.
- Greensboro, North Carolina.
- Oklahoma City.
- Corpus Christi, Texas.
- Indianapolis.
- Columbus, Ohio.
- Cincinnati.
What state should I move to 2022?
- Raleigh, North Carolina. Affordability: 7/10.
- Charleston, South Carolina. Affordability: 6/10.
- Austin, Texas. Affordability: 6/10.
- Oklahoma City, Oklahoma. Affordability: 8/10.
- Tampa, Florida. Affordability: 7/10.
- Boise, Idaho. Affordability: 5/10.
- Providence, Rhode Island. Affordability: 7/10.
- Minneapolis, Minnesota.
Are taxes higher in Missouri or Kansas?
Kansas has an average income tax rate of 3.95 percent (33rd in the nation), and Missouri has an average income tax rate of 3.75 percent (35th). The actual rates vary in both states by income level (3 to 4.9 percent in Kansas and 1.5 to 6 percent in Missouri).
Which state is better Missouri or Kansas?
In terms of quality of life, a U.S. News and World Report report ranked Kansas and Missouri towards the top. Kansas ranked 16th overall, scoring high marks for community engagement and urban air quality, with pollution health risks and drinking water quality ranking worse than average.
