Caruthersville 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.
IndexCaruthersvilleMissouriNational
Cost of living index8091100
IndexCaruthersvilleMissouriNational
Goods & Services index10795100
Groceries index7997100
Health care index9297100
Housing index4679100
Transportation index9193100
Utilities index76104100
Displayed above is a general overview of the Caruthersville, MO cost of living index. The overall cost of living index in Caruthersville, MO is 80, which is 12% lower than the Missouri average and 20% 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 Caruthersville, MO are 12% higher than the Missouri average and 7% higher than the national average.

Did you know?

  • The cost of living in Caruthersville is 12% lower than the Missouri average.
  • The cost of living in Caruthersville is 20% lower than the national average.
  • The cost of housing in Caruthersville is 54% 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 Caruthersville, 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 Caruthersville, 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 Caruthersville, MO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Caruthersville, 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$43,462$3,622$1,014$1,304
Renters$18,647$1,554$435$559
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 Caruthersville, 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. Caruthersville, MO has a median income of about $43,462 for people who own homes. Based on that number, a person should spend a maximum of $1,014 on expenses related to housing. Renters have a slightly different median income, which is $18,647. Based on this average, renters should spend no more than $435 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%
The Missouri sales tax and Missouri income tax rates should definitely be considered when determining the overall cost of living in Caruthersville, MO. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Missouri sales tax is 4.225% and the maximum surtax is 9.35%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Missouri income tax rates range from 1.5% to 6%.

Goods & Services

ItemCaruthersvilleNational avg.Difference
Haircut $13.08$15.5615.9%
Beauty Salon $33.80$36.116.4%
Toothpaste $1.25$2.4749.4%
Shampoo $1.00$0.963.6%
Movie $10.00$10.131.3%
Bowling $7.50$4.7458.4%

Groceries

ItemCaruthersvilleNational avg.Difference
Ground Beef $2.88$3.9827.6%
Fried Chicken $1.14$1.4119.2%
Milk $1.75$2.0615.2%
Potatoes $2.43$2.9818.4%
Pizza $9.19$9.473.0%
Beer $10.28$8.7916.9%

Health Care

ItemCaruthersvilleNational avg.Difference
Optometrist $106.29$101.045.2%
Doctor $119.31$107.4411.0%
Dentist $69.43$90.4223.2%
Ibuprofen $6.33$9.2831.8%
Lipitor $426.43$426.500.0%

Housing

ItemCaruthersvilleNational avg.Difference
Home Price $72,600.00$175,700.0058.7%
Avg. Mortgage Payment $838.36$1,133.2326.0%
Apartment Rent $534.00$920.0042.0%

Transportation

ItemCaruthersvilleNational avg.Difference
Gasoline $1.81$1.999.1%
Tire Balancing $42.09$45.768.0%

Utilities

ItemCaruthersvilleNational avg.Difference
All Electricity$151.62$163.817.4%
Phone $15.32$28.3946.0%
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.
Hayward, MO10566-34%
Bragg City, MO14968-32%
Homestown, MO12669-31%
Hayti Heights, MO54470-30%
Wardell, MO39071-29%
Caruthersville, MO6,08680-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wendell, NC6,08597-3%
McKees Rocks, PA6,08878-22%
Keene, TX6,08993-7%
Edgemoor, DE6,0891099%
Steilacoom, WA6,08311919%
Caruthersville, MO6,08680-20%
Source: The Caruthersville, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.