Arnold cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexArnoldMissouriNational
Cost of living index9691100
IndexArnoldMissouriNational
Goods & Services index9799100
Groceries index10195100
Health care index10197100
Housing index8679100
Transportation index9287100
Utilities index114104100
A general overview of the cost of living index for Arnold, MO is displayed above. In Arnold, MO, the overall cost of living index is 96, which is 4% higher than the Missouri average and 4% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Arnold, MO, the city's goods and services are 2% lower than the Missouri average and 3% lower than the U.S. average.

Did you know?

  • The cost of living in Arnold is 4% higher than the Missouri average.
  • The cost of living in Arnold is 4% lower than the national average.
  • The cost of housing in Arnold is 14% lower than the national average.
  • Missouri general sales tax is 17% lower than the national average.
  • Missouri state income tax is 33% lower than the national average.

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Compare Arnold, MO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Using the salary calculator lets you compare the salary you earn in Arnold, MO to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Arnold, MO, you have to earn a higher income in order to still have the same standard of living. To operate the Arnold, MO salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,489$5,041$1,411$1,815
Renters$40,774$3,398$951$1,223
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Arnold, MO, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Arnold, MO has a median income of about $60,489 for people who own homes. Based on that number, a person should spend a maximum of $1,411 on expenses related to housing. Renters have a slightly different median income, which is $40,774. Based on this average, renters should spend no more than $951 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Missouri Sales Tax

StateGeneral Sales TaxWith Max Surtax
Missouri4.225%9.35%

Missouri Income Tax

StateIncome Tax (Low)Income Tax (High)
Missouri1.5%6%
For those who live in Arnold, MO and want to know what the true cost of living is, they ought to look at both the Missouri income tax rate and the Missouri sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Missouri, the sales tax is 4.225%, while the most you'll pay in surtax is 9.35%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Missouri, the income tax rate ranges between 1.5% to 6%.

Goods & Services

ItemArnoldNational avg.Difference
Haircut $16.17$14.5910.8%
Beauty Salon $34.85$34.680.5%
Toothpaste $2.47$2.470.1%
Shampoo $0.87$1.0214.9%
Movie $10.46$9.876.0%
Bowling $3.64$4.3917.1%

Groceries

ItemArnoldNational avg.Difference
Ground Beef $5.69$4.4827.1%
Fried Chicken $1.99$1.4635.9%
Milk $2.61$2.3610.7%
Potatoes $2.41$3.0621.3%
Pizza $8.39$9.249.2%
Beer $7.99$8.637.4%

Health Care

ItemArnoldNational avg.Difference
Optometrist $83.00$99.7816.8%
Doctor $98.56$105.036.2%
Dentist $93.75$88.705.7%
Ibuprofen $10.71$9.4113.8%
Lipitor $306.38$298.502.6%

Housing

ItemArnoldNational avg.Difference
Home Price $145,900.00$175,700.0017.0%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $856.00$920.007.0%

Transportation

ItemArnoldNational avg.Difference
Gasoline $1.86$2.0910.9%
Tire Balancing $44.70$45.291.3%

Utilities

ItemArnoldNational avg.Difference
All Electricity$164.26$170.803.8%
Phone $39.44$28.2639.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Peaceful Village, MO597-3%
Alorton, IL1,72980-20%
Washington Park, IL4,12082-18%
East St. Louis, IL26,69782-18%
Centreville, IL5,20882-18%
Arnold, MO21,02096-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South San Jose Hills, CA21,01212222%
Greenfield, IN21,01289-11%
Adrian, MI21,00883-17%
Cockeysville, MD21,00611717%
Washington, UT20,9991033%
Arnold, MO21,02096-4%
Source: The Arnold, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.