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Missouri had the seventh lowest cost of living in the United States for the second quarter in 2024. 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.
The cost of living in Missouri is $1919, which is 1.15 times less expensive than the average in the United States. Missouri ranked 43rd most expensive and 21st best state to live in the United States.
The cost of living in Missouri State is relatively affordable. The overall cost of living index is around 90, which is 10% lower than the U.S. national average. The costs of groceries and healthcare are also lower than the national average, while housing costs can be slightly higher.
Compare the Cost of Living in Missouri against another US State. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials State to State or over 300+ US cities.
Mississippi has the lowest cost of living, with residents spending $32,336 annually—notably $23,155 less than Hawaii.
Cost of Living. MERIC derives the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state. Missouri had the sixth lowest cost of living in the United States for the third quarter in 2024. View Current Cost of Living. County Average Wages
The cost of living in Missouri is 9.1% lower than the national average, making Missouri the #8 cheapest state in the US. However, the cost of living in Missouri varies depending on the area you live in.
Find out what the cost of living in Missouri is, how it compares to the national average, and see the cost of living in Missouri’s largest cities.
Prices in the St. Louis area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 0.7 percent for the two months ending in October 2024, the U.S. Bureau of Labor Statistics reported today.
This article will serve as a handy guide to demystify Missiouri’s cost of living, from housing expenses to food and healthcare costs. We’ll provide data from state cost of living index tools and how Missouri ranks in the nation for livability.