B-
8%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
40%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Eureka Missouri National
Cost of living10888100
Goods & Services9292100
Groceries9795100
Health care8990100
Housing14078100
Transportation9491100
Utilities10299100

An Overview of Cost of Living in Eureka, MO

Are you thinking about relocating, but curious about the potential cost of living in Eureka? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Eureka stands at 108, making it 8% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Eureka closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Eureka can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Housing costs are a major factor in the Eureka cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 40% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

What Do Locals Say About the Cost of Living in Eureka?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 5 locals to understand their opinions on the cost of living in Eureka. The results indicated that 60% found it reasonably priced with decreasing prices of goods and services, while 40% viewed it as quite expensive, with increasing prices.

Is Eureka Affordable?

Is Eureka affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Eureka, for instance, where the median home price falls 51.8% higher than the national average, and monthly rent rates are 12.5% higher than usual. Additionally, median income levels contribute to the equation, with Eureka flaunting a median household income of $112,750, 103.8% higher than the national norm.

What Factors can Influence the Cost of Living in Eureka?

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Eureka, the transportation index stands at 6.5% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Eureka, the standard sales tax rate starts at 4.225%, and the income tax rates commence at 1.5%.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Eureka, the groceries index is 3.1% lower than the national average.

Where is the Data From?

The cost of living in Eureka, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Eureka is 22% higher than the Missouri average
  • The cost of living in Eureka is 8% higher than the national average
  • Eureka housing is 40% higher than the national average
  • Missouri general sales tax is 17% lower than the national average
  • Missouri state income tax is 34% lower than the national average

Most Affordable Places to Live in and Around Eureka

See all the best places to live around Eureka

Compare Eureka, MO Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$125,714$10,476$2,933$3,772
      Renters$48,676$4,056$1,136$1,460
      A good indicator of the general affordability of housing in Eureka, MO, 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 Eureka, the median monthly income is $125,714 for those who own their own homes. Under the standard rule, that income level would allow for $2,933 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $48,676, per the median income in the area. That would allow for renters to spend up to $1,136 on monthly rental expenses.

      Missouri Sales Tax

      State General Sales Tax With Max Surtax
      Missouri 4.225% 10.85%

      Missouri Income Tax

      State Income Tax (Low) Income Tax (High)
      Missouri 1.5% 5.3%

      Goods & Services

      Item Eureka National avg. Difference
      Haircut $21.19$24.2612.7%
      Beauty Salon $40.57$45.5611.0%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.11$1.2813.3%
      Movie $11.28$12.137.1%
      Bowling $16.92$18.006.0%

      Groceries

      Item Eureka National avg. Difference
      Ground Beef $6.40$5.849.7%
      Fried Chicken $1.36$1.5713.3%
      Milk $4.50$4.673.7%
      Potatoes $5.28$4.936.9%
      Pizza $10.84$12.0910.3%
      Beer $9.47$10.419.1%

      Health Care

      Item Eureka National avg. Difference
      Optometrist $125.72$125.680.0%
      Doctor $124.51$135.788.3%
      Dentist $100.78$113.2911.0%
      Ibuprofen $10.14$10.654.8%
      Lipitor $520.16$468.6011.0%

      Housing

      Item Eureka National avg. Difference
      Home Price $280,400.00$184,700.0051.8%
      Avg. Mortgage Payment $1,737.43$2,346.6926.0%
      Apartment Rent $1,068.00$949.0012.5%

      Transportation

      Item Eureka National avg. Difference
      Gasoline $3.20$3.467.6%
      Tire Balancing $50.00$59.9216.6%

      Utilities

      Item Eureka National avg. Difference
      All Electricity $133.84$193.9931.0%
      Phone $188.69$192.251.9%
      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 Population Cost of Living Index National Avg.
      Defiance, MO68945.9%
      Peaceful Village, MO926732.5%
      Lake Tekakwitha, MO2708119.2%
      Grayhawk, MO7858118.6%
      Cedar Hill Lakes, MO3458316.7%
      Eureka, MO10,2031087.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Manville, NJ10,19311919.0%
      Mount Airy, NC10,213919.2%
      Cedar Hills, UT10,19013231.8%
      Rincon, GA10,187981.5%
      Newberry, SC10,2198911.2%
      Eureka, MO10,2031087.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.