Fenton 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.
IndexFentonMissouriNational
Cost of living index10891100
IndexFentonMissouriNational
Goods & Services index9799100
Groceries index10195100
Health care index10197100
Housing index12879100
Transportation index9287100
Utilities index114104100
An overview of the general cost of living index for Fenton, MO is displayed above for your reference. Residents in Fenton, MO enjoy a cost of living index of 108. This index is 18% higher than the Missouri average, and 8% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Fenton, MO, the average cost of goods and services is 2% lower than it is in Missouri, and it is 3% lower than the national average.

Did you know?

  • The cost of living in Fenton is 18% higher than the Missouri average.
  • The cost of living in Fenton is 8% higher than the national average.
  • The cost of housing in Fenton is 28% 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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Salary Calculator

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Use the salary calculator to compare your current income in Fenton, 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 Fenton, MO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Fenton, 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$99,360$8,280$2,318$2,981
Renters$45,924$3,827$1,071$1,378
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fenton, MO as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Fenton, MO homeowners, is $99,360. This would allow for a maximum of $2,318 per month to be spent on housing costs. For renters, the median monthly income is $45,924 which would result in a maximum of $1,071 to be spent on rental 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%
When you are determining the total cost of living in Fenton, 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

ItemFentonNational avg.Difference
Haircut $16.17$14.5910.8%
Beauty Salon $34.85$34.680.5%
Toothpaste $2.47$2.470.1%
Shampoo $0.87$1.0214.9%
Movie $10.46$9.876.0%
Bowling $3.64$4.3917.1%

Groceries

ItemFentonNational avg.Difference
Ground Beef $5.69$4.4827.1%
Fried Chicken $1.99$1.4635.9%
Milk $2.61$2.3610.7%
Potatoes $2.41$3.0621.3%
Pizza $8.39$9.249.2%
Beer $7.99$8.637.4%

Health Care

ItemFentonNational avg.Difference
Optometrist $83.00$99.7816.8%
Doctor $98.56$105.036.2%
Dentist $93.75$88.705.7%
Ibuprofen $10.71$9.4113.8%
Lipitor $306.38$298.502.6%

Housing

ItemFentonNational avg.Difference
Home Price $238,900.00$175,700.0036.0%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $999.00$920.008.6%

Transportation

ItemFentonNational avg.Difference
Gasoline $1.86$2.0910.9%
Tire Balancing $44.70$45.291.3%

Utilities

ItemFentonNational avg.Difference
All Electricity$164.26$170.803.8%
Phone $39.44$28.2639.6%
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.
Champ, MO11100-0%
Peaceful Village, MO597-3%
East Carondelet, IL54683-17%
Wellston, MO2,01083-17%
Hillsdale, MO1,33784-16%
Fenton, MO4,0371088%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Esperance, WA4,03913434%
Mary Esther, FL4,03598-2%
Redwood, TX4,03477-23%
Jourdanton, TX4,03479-21%
Wadena, MN4,03389-11%
Fenton, MO4,0371088%
Source: The Fenton, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.