Breckenridge Hills 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.
IndexBreckenridge HillsMissouriNational
Cost of living index8591100
IndexBreckenridge HillsMissouriNational
Goods & Services index9395100
Groceries index10397100
Health care index9697100
Housing index5679100
Transportation index9493100
Utilities index113104100
The above illustration supplies generalized information for the Breckenridge Hills, MO cost of living index. Compared to other cities in Missouri and cities across the country, the cost of living index in Breckenridge Hills, MO is 85, which is 6% lower than the Missouri average and 15% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Breckenridge Hills, MO are 3% lower than the average for Missouri and 7% lower than the rest of the country.

Did you know?

  • The cost of living in Breckenridge Hills is 6% lower than the Missouri average.
  • The cost of living in Breckenridge Hills is 15% lower than the national average.
  • The cost of housing in Breckenridge Hills is 44% 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 Breckenridge Hills, MO Cost of living To Other Cities

Salary Calculator

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Health care index
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Using the salary calculator lets you compare the salary you earn in Breckenridge Hills, 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 Breckenridge Hills, MO, you have to earn a higher income in order to still have the same standard of living. To operate the Breckenridge Hills, 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$45,556$3,796$1,063$1,367
Renters$24,652$2,054$575$740
The affordability of the housing market in Breckenridge Hills, MO as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Breckenridge Hills, MO homeowners, the median income is $45,556. This indicates that a monthly maximum of $1,063 should be spent by homeowners on all housing related costs. Renters have a median income of $24,652. This indicates that renters should have a maximum of $575 used for their rent related monthly costs.

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 assessing the complete cost of living in Breckenridge Hills, MO, the Missouri income tax and the Missouri sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Missouri maximum surtax is 9.35%, and the Missouri sales tax is 4.225%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.5% to 6% in Missouri.

Goods & Services

ItemBreckenridge HillsNational avg.Difference
Haircut $16.36$15.565.1%
Beauty Salon $37.77$36.114.6%
Toothpaste $2.13$2.4713.7%
Shampoo $1.03$0.966.7%
Movie $10.07$10.130.6%
Bowling $3.78$4.7420.2%

Groceries

ItemBreckenridge HillsNational avg.Difference
Ground Beef $4.90$3.9823.0%
Fried Chicken $1.88$1.4133.6%
Milk $2.33$2.0612.9%
Potatoes $2.48$2.9816.7%
Pizza $8.52$9.4710.1%
Beer $8.04$8.798.6%

Health Care

ItemBreckenridge HillsNational avg.Difference
Optometrist $76.95$101.0423.8%
Doctor $84.03$107.4421.8%
Dentist $91.80$90.421.5%
Ibuprofen $11.43$9.2823.2%
Lipitor $433.91$426.501.7%

Housing

ItemBreckenridge HillsNational avg.Difference
Home Price $75,200.00$175,700.0057.2%
Avg. Mortgage Payment $728.96$1,133.2335.7%
Apartment Rent $796.00$920.0013.5%

Transportation

ItemBreckenridge HillsNational avg.Difference
Gasoline $1.87$1.996.4%
Tire Balancing $43.83$45.764.2%

Utilities

ItemBreckenridge HillsNational avg.Difference
All Electricity$160.36$163.812.1%
Phone $38.25$28.3934.8%
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.
Champ, MO1198-2%
Brooklyn, IL80778-22%
Alorton, IL1,72979-21%
Venice, IL1,75180-20%
Washington Park, IL4,12081-19%
Breckenridge Hills, MO4,72885-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
McMurray, PA4,72711111%
Pittsfield, IL4,73081-19%
Jim Thorpe, PA4,73096-4%
Winnfield, LA4,72586-14%
Princeton, MN4,72592-8%
Breckenridge Hills, MO4,72885-15%
Source: The Breckenridge Hills, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.