Charleston 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.
IndexCharlestonMissouriNational
Cost of living index8491100
IndexCharlestonMissouriNational
Goods & Services index11399100
Groceries index8995100
Health care index9197100
Housing index4379100
Transportation index9687100
Utilities index90104100
A general overview of the cost of living index for Charleston, MO is displayed above. In Charleston, MO, the overall cost of living index is 84, which is 8% lower than the Missouri average and 16% 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 Charleston, MO, the city's goods and services are 14% higher than the Missouri average and 13% higher than the U.S. average.

Did you know?

  • The cost of living in Charleston is 8% lower than the Missouri average.
  • The cost of living in Charleston is 16% lower than the national average.
  • The cost of housing in Charleston is 57% 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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Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Groceries index
Health care index
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Use the salary calculator to compare your current income in Charleston, MO to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Charleston, MO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Charleston, MO salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$36,096$3,008$842$1,083
Renters$16,750$1,396$391$503
If you want to find a good determining factor for the cost of living and the general affordability of housing in Charleston, MO, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Charleston, MO, the median monthly income is $36,096 for those who own their own homes. Under the standard rule, that income level would allow for $842 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $16,750, per the median income in the area. That would allow for renters to spend up to $391 on monthly rental expenses.

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 Charleston, 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

ItemCharlestonNational avg.Difference
Haircut $13.25$14.599.2%
Beauty Salon $32.00$34.687.7%
Toothpaste $1.50$2.4739.4%
Shampoo $1.33$1.0230.1%
Movie $9.00$9.878.8%
Bowling $4.10$4.396.6%

Groceries

ItemCharlestonNational avg.Difference
Ground Beef $2.97$4.4833.7%
Fried Chicken $1.00$1.4631.7%
Milk $1.81$2.3623.2%
Potatoes $3.08$3.060.6%
Pizza $9.88$9.246.9%
Beer $7.97$8.637.7%

Health Care

ItemCharlestonNational avg.Difference
Optometrist $110.00$99.7810.2%
Doctor $99.00$105.035.7%
Dentist $69.60$88.7021.5%
Ibuprofen $6.83$9.4127.4%
Lipitor $316.00$298.505.9%

Housing

ItemCharlestonNational avg.Difference
Home Price $53,900.00$175,700.0069.3%
Avg. Mortgage Payment $769.34$1,081.0328.8%
Apartment Rent $645.00$920.0029.9%

Transportation

ItemCharlestonNational avg.Difference
Gasoline $1.98$2.095.5%
Tire Balancing $46.00$45.291.6%

Utilities

ItemCharlestonNational avg.Difference
All Electricity$158.55$170.807.2%
Phone $24.01$28.2615.0%
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.
Lambert, MO091-9%
Pinhook, MO2073-27%
Mound City, IL60377-23%
Cairo, IL2,68878-22%
Columbus, KY18278-22%
Charleston, MO5,90584-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Plymouth, PA5,90588-12%
South Gate Ridge, FL5,9061011%
Yaphank, NY5,90613737%
Fowler, CA5,9081099%
Eldridge, IA5,90899-1%
Charleston, MO5,90584-16%
Source: The Charleston, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.