Branson 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.
IndexBransonMissouriNational
Cost of living index9591100
IndexBransonMissouriNational
Goods & Services index9999100
Groceries index10095100
Health care index9497100
Housing index9079100
Transportation index8387100
Utilities index103104100
Displayed above is a general overview of the Branson, MO cost of living index. The overall cost of living index in Branson, MO is 95, which is 4% higher than the Missouri average and 5% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Branson, MO are equal to the Missouri average and 1% lower than the national average.

Did you know?

  • The cost of living in Branson is 4% higher than the Missouri average.
  • The cost of living in Branson is 5% lower than the national average.
  • The cost of housing in Branson is 10% 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.

Find Real Estate Listings In Branson

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Branson

Compare Branson, MO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Branson, MO to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Branson, MO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Branson, MO salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,577$4,298$1,203$1,547
Renters$27,873$2,323$650$836
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 Branson, 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. Branson, MO has a median income of about $51,577 for people who own homes. Based on that number, a person should spend a maximum of $1,203 on expenses related to housing. Renters have a slightly different median income, which is $27,873. Based on this average, renters should spend no more than $650 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%
When considering the overall cost of living expenses in Branson, MO, it's important to take into account the sales tax for Missouri, as well as the rate for income tax in Missouri. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Missouri is 9.35%, and the sales tax in the state of Missouri is 4.225%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Missouri starts from 1.5% and goes up to 6%.

Goods & Services

ItemBransonNational 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

ItemBransonNational 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

ItemBransonNational 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

ItemBransonNational avg.Difference
Home Price $168,400.00$175,700.004.2%
Avg. Mortgage Payment $778.68$1,081.0328.0%
Apartment Rent $691.00$920.0024.9%

Transportation

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

Utilities

ItemBransonNational 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.
Bull Creek, MO50677-23%
Blue Eye, AR3778-22%
Galena, MO62982-18%
Taneyville, MO33482-18%
Omaha, AR35482-18%
Branson, MO10,94295-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. Albans, WV10,93988-12%
Gulf Gate Estates, FL10,9461022%
Massena, NY10,93795-5%
Grand Rapids, MN10,95094-6%
Highland Park, MI10,95178-22%
Branson, MO10,94295-5%
Source: The Branson, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.