Bolivar 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.
IndexBolivarMissouriNational
Cost of living index8791100
IndexBolivarMissouriNational
Goods & Services index9999100
Groceries index10095100
Health care index9497100
Housing index6479100
Transportation index8387100
Utilities index103104100
A general overview of the cost of living index for Bolivar, MO is displayed above. In Bolivar, MO, the overall cost of living index is 87, which is 4% lower than the Missouri average and 13% 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 Bolivar, MO, the city's goods and services are equal to the Missouri average and 1% lower than the U.S. average.

Did you know?

  • The cost of living in Bolivar is 4% lower than the Missouri average.
  • The cost of living in Bolivar is 13% lower than the national average.
  • The cost of housing in Bolivar is 36% 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 Bolivar, MO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Bolivar, MO to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Bolivar, MO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Bolivar, MO salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,858$4,155$1,163$1,496
Renters$24,268$2,022$566$728
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 Bolivar, 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. Bolivar, MO has a median income of about $49,858 for people who own homes. Based on that number, a person should spend a maximum of $1,163 on expenses related to housing. Renters have a slightly different median income, which is $24,268. Based on this average, renters should spend no more than $566 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%
One thing to keep in mind when considering the cost of living in Bolivar, MO is the Missouri sales tax and Missouri income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Missouri sales tax rate is 4.225% and the maximum surtax that can be charged is 9.35%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Missouri income tax rates range from 1.5% to 6%.

Goods & Services

ItemBolivarNational avg.Difference
Haircut $12.25$14.5916.1%
Beauty Salon $33.67$34.682.9%
Toothpaste $1.69$2.4731.7%
Shampoo $0.84$1.0217.8%
Movie $9.58$9.872.9%
Bowling $3.63$4.3917.3%

Groceries

ItemBolivarNational avg.Difference
Ground Beef $4.17$4.486.9%
Fried Chicken $1.71$1.4616.8%
Milk $2.46$2.364.4%
Potatoes $2.76$3.069.8%
Pizza $8.49$9.248.1%
Beer $8.81$8.632.1%

Health Care

ItemBolivarNational avg.Difference
Optometrist $93.00$99.786.8%
Doctor $104.00$105.031.0%
Dentist $75.25$88.7015.2%
Ibuprofen $8.42$9.4110.5%
Lipitor $313.13$298.504.9%

Housing

ItemBolivarNational avg.Difference
Home Price $107,900.00$175,700.0038.6%
Avg. Mortgage Payment $778.68$1,081.0328.0%
Apartment Rent $657.00$920.0028.6%

Transportation

ItemBolivarNational avg.Difference
Gasoline $1.68$2.0919.7%
Tire Balancing $40.99$45.299.5%

Utilities

ItemBolivarNational avg.Difference
All Electricity$150.33$170.8012.0%
Phone $35.01$28.2623.9%
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.
Goodnight, MO497-3%
Humansville, MO1,20880-20%
Aldrich, MO7580-20%
Flemington, MO9381-19%
Fair Play, MO54782-18%
Bolivar, MO10,44387-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Saks, AL10,44583-17%
Lawrenceburg, TN10,44084-16%
East Whittier, CA10,44013636%
Vashon, WA10,44713737%
Lindon, UT10,43411818%
Bolivar, MO10,44387-13%
Source: The Bolivar, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.