Missouri's cost of living index is 89 — 11.0% below the US average of 100. Compare purchasing power and equivalent salaries across states.
CoL Index
89
US avg = 100
vs. National Avg
-11.0%
Less expensive
Median Income
$57,290
Missouri median household
Equiv. at US Avg
$64,371
Same purchasing power
| CoL Index | 89 | MIT/MERIC composite index (US avg = 100) |
| vs. National | 11.0% | Below average cost |
| Median Household Income | $57,290 | Missouri median (2023 ACS) |
| National Purchasing Power | $64,371 | Equivalent $ at US avg CoL |
| Overall Category | Low | Qualitative classification |
| Population | 6,154,913 | 2020 US Census |
With a cost of living index of 89, Missouri is 11% below the national average. Lower costs in Missouri mean your dollar goes further. A salary of $57,290 in Missouri provides the equivalent purchasing power of $64,371 in a state at the national average.
Housing is typically the largest driver of cost of living differences between states.Missouri's median home price of $225,000 is well below the national median of approximately $310,000. Other factors include state income tax (4.95% top rate in Missouri), sales tax (4.22% state rate), and local property tax rates (0.97%).
