Ferguson, MO Cost Of Living

Ferguson 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.
Index	Ferguson	Missouri	National
Cost of living index	86	90	100
Index	Ferguson	Missouri	National
Goods & Services index	91	93	100
Groceries index	105	98	100
Health care index	96	97	100
Housing index	59	78	100
Transportation index	96	94	100
Utilities index	114	103	100

Displayed above is a general overview of the Ferguson, MO cost of living index. The overall cost of living index in Ferguson, MO is 86, which is 4% lower than the Missouri average and 14% 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 Ferguson, MO are 2% lower than the Missouri average and 9% lower than the national average.

Did you know?

The cost of living in Ferguson is 4% lower than the Missouri average.
The cost of living in Ferguson is 14% lower than the national average.
The cost of housing in Ferguson is 41% 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 Ferguson, MO Cost of living To Other Cities

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Using the salary calculator lets you compare the salary you earn in Ferguson, MO to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Ferguson, MO, you have to earn a higher income in order to still have the same standard of living. To operate the Ferguson, MO salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$53,305	$4,442	$1,244	$1,599
Renters	$24,195	$2,016	$565	$726

One can approximate the cost of living and the housing affordability in Ferguson, MO by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Ferguson, MO have a median income of $53,305. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,244 per month to avoid calamity and poverty. The renters in the city have an income of about $24,195, which would make their monthly maximum allowable rental costs $565.

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%	6%

The Missouri sales tax and Missouri income tax rates should definitely be considered when determining the overall cost of living in Ferguson, 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 10.85%. 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

Item	Ferguson	National avg.	Difference
Haircut	$17.21	$16.09	7.0%
Beauty Salon	$34.20	$37.33	8.4%
Toothpaste	$2.34	$2.45	4.5%
Shampoo	$1.13	$1.00	12.6%
Movie	$10.24	$10.28	0.4%
Bowling	$3.59	$4.93	27.3%

Groceries

Item	Ferguson	National avg.	Difference
Ground Beef	$4.74	$3.80	24.5%
Fried Chicken	$1.93	$1.40	37.9%
Milk	$2.49	$2.01	24.0%
Potatoes	$2.91	$3.01	3.2%
Pizza	$9.21	$9.89	6.9%
Beer	$8.68	$8.90	2.4%

Health Care

Item	Ferguson	National avg.	Difference
Optometrist	$78.31	$102.16	23.3%
Doctor	$81.57	$108.36	24.7%
Dentist	$97.45	$92.53	5.3%
Ibuprofen	$11.27	$9.28	21.5%
Lipitor	$432.37	$425.82	1.5%

Housing

Item	Ferguson	National avg.	Difference
Home Price	$87,100.00	$184,700.00	52.8%
Avg. Mortgage Payment	$804.85	$1,202.44	33.1%
Apartment Rent	$830.00	$949.00	12.5%

Transportation

Item	Ferguson	National avg.	Difference
Gasoline	$2.23	$2.24	0.6%
Tire Balancing	$41.12	$46.29	11.2%

Utilities

Item	Ferguson	National avg.	Difference
All Electricity	$168.88	$165.96	1.8%
Phone	$37.05	$28.68	29.2%

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, State	Population	Cost of Living Index	National Avg.
Champ, MO	7	98	-2%
Brooklyn, IL	740	76	-24%
Alorton, IL	1,908	78	-22%
Venice, IL	1,898	79	-21%
East St. Louis, IL	26,731	79	-21%
Ferguson, MO	21,035	86	-14%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Golden Valley, MN	21,040	115	15%
Grayslake, IL	21,053	112	12%
Ruskin, FL	21,056	98	-2%
Ashland, OR	21,002	127	27%
Hays, KS	21,073	90	-10%
Ferguson, MO	21,035	86	-14%

Source: The Ferguson, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Ferguson, MO Cost of Living