Chesterfield 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.
IndexChesterfieldMissouriNational
Cost of living index11891100
IndexChesterfieldMissouriNational
Goods & Services index9395100
Groceries index10397100
Health care index9697100
Housing index16679100
Transportation index9493100
Utilities index113104100
A general overview of the cost of living index for Chesterfield, MO is displayed above. In Chesterfield, MO, the overall cost of living index is 118, which is 30% higher than the Missouri average and 18% higher 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 Chesterfield, MO, the city's goods and services are 3% lower than the Missouri average and 7% lower than the U.S. average.

Did you know?

  • The cost of living in Chesterfield is 30% higher than the Missouri average.
  • The cost of living in Chesterfield is 18% higher than the national average.
  • The cost of housing in Chesterfield is 66% higher 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 Chesterfield, MO Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Chesterfield, MO to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Chesterfield, MO, then you would need to earn more income in order to maintain the same standard of living. To use the Chesterfield, MO salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$112,644$9,387$2,628$3,380
Renters$46,797$3,900$1,092$1,404
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 Chesterfield, 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. Chesterfield, MO has a median income of about $112,644 for people who own homes. Based on that number, a person should spend a maximum of $2,628 on expenses related to housing. Renters have a slightly different median income, which is $46,797. Based on this average, renters should spend no more than $1,092 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 you are determining the total cost of living in Chesterfield, MO you will want to make sure you consider both the Missouri sales tax and the Missouri income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Missouri is 4.225%, with the highest surtax being 9.35%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Missouri have a range from 1.5% to 6%.

Goods & Services

ItemChesterfieldNational 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

ItemChesterfieldNational 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

ItemChesterfieldNational 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

ItemChesterfieldNational avg.Difference
Home Price $329,900.00$175,700.0087.8%
Avg. Mortgage Payment $728.96$1,133.2335.7%
Apartment Rent $1,050.00$920.0014.1%

Transportation

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

Utilities

ItemChesterfieldNational 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.
Peaceful Village, MO598-2%
Champ, MO1198-2%
Pagedale, MO3,31383-17%
Bel-Ridge, MO2,71583-17%
Kinloch, MO23484-16%
Chesterfield, MO47,65111818%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Newark, OH47,74487-13%
Parker, CO47,51511818%
Antelope, CA47,79811515%
Ashburn, VA47,48414343%
Olympia, WA47,84711111%
Chesterfield, MO47,65111818%
Source: The Chesterfield, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.