Cameron 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.
IndexCameronMissouriNational
Cost of living index8891100
IndexCameronMissouriNational
Goods & Services index10195100
Groceries index10097100
Health care index9797100
Housing index6579100
Transportation index9593100
Utilities index84104100
Displayed above is a general overview of the Cameron, MO cost of living index. The overall cost of living index in Cameron, MO is 88, which is 4% lower than the Missouri average and 12% 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 Cameron, MO are 6% higher than the Missouri average and 1% higher than the national average.

Did you know?

  • The cost of living in Cameron is 4% lower than the Missouri average.
  • The cost of living in Cameron is 12% lower than the national average.
  • The cost of housing in Cameron is 35% 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 Cameron, MO Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Cameron, 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 Cameron, MO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Cameron, 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$61,136$5,095$1,426$1,834
Renters$23,250$1,938$542$698
The affordability of the housing market in Cameron, 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 Cameron, MO homeowners, the median income is $61,136. This indicates that a monthly maximum of $1,426 should be spent by homeowners on all housing related costs. Renters have a median income of $23,250. This indicates that renters should have a maximum of $542 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%
One thing to keep in mind when considering the cost of living in Cameron, 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

ItemCameronNational avg.Difference
Haircut $15.53$15.560.2%
Beauty Salon $30.80$36.1114.7%
Toothpaste $2.57$2.473.9%
Shampoo $0.92$0.964.7%
Movie $9.59$10.135.3%
Bowling $4.71$4.740.5%

Groceries

ItemCameronNational avg.Difference
Ground Beef $4.44$3.9811.5%
Fried Chicken $1.99$1.4141.4%
Milk $2.09$2.061.1%
Potatoes $2.60$2.9812.9%
Pizza $9.23$9.472.6%
Beer $8.16$8.797.2%

Health Care

ItemCameronNational avg.Difference
Optometrist $100.35$101.040.7%
Doctor $91.94$107.4414.4%
Dentist $91.87$90.421.6%
Ibuprofen $8.64$9.286.9%
Lipitor $436.91$426.502.4%

Housing

ItemCameronNational avg.Difference
Home Price $109,000.00$175,700.0038.0%
Avg. Mortgage Payment $899.88$1,133.2320.6%
Apartment Rent $664.00$920.0027.8%

Transportation

ItemCameronNational avg.Difference
Gasoline $1.85$1.997.2%
Tire Balancing $45.97$45.760.5%

Utilities

ItemCameronNational avg.Difference
All Electricity$148.92$163.819.1%
Phone $21.29$28.3925.0%
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.
Amity, MO2470-30%
Weatherby, MO9678-22%
Kidder, MO27678-22%
Altamont, MO20079-21%
Turney, MO14881-19%
Cameron, MO10,00888-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Keansburg, NJ10,01111313%
Sleepy Hollow, NY10,00216262%
Little Canada, MN10,0151033%
Croydon, PA10,01711313%
Forest, VA9,9991000%
Cameron, MO10,00888-12%
Source: The Cameron, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.