Cost Of Living In Fulton, MO

Fulton 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	Fulton	Missouri	National
Cost of living index	88	91	100
Index	Fulton	Missouri	National
Goods & Services index	100	95	100
Groceries index	98	97	100
Health care index	101	97	100
Housing index	61	79	100
Transportation index	92	93	100
Utilities index	105	104	100

The above illustration supplies generalized information for the Fulton, MO cost of living index. Compared to other cities in Missouri and cities across the country, the cost of living index in Fulton, MO is 88, which is 4% lower than the Missouri average and 12% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Fulton, MO are 5% higher than the average for Missouri and equal to the rest of the country.

Did you know?

The cost of living in Fulton is 4% lower than the Missouri average.
The cost of living in Fulton is 12% lower than the national average.
The cost of housing in Fulton is 39% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Fulton, 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 Fulton, MO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Fulton, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$47,486	$3,957	$1,108	$1,425
Renters	$23,827	$1,986	$556	$715

The affordability of the housing market in Fulton, MO as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Fulton, MO homeowners, the median income is $47,486. This indicates that a monthly maximum of $1,108 should be spent by homeowners on all housing related costs. Renters have a median income of $23,827. This indicates that renters should have a maximum of $556 used for their rent related monthly costs.

Missouri Sales Tax

State	General Sales Tax	With Max Surtax
Missouri	4.225%	9.35%

Missouri Income Tax

State	Income Tax (Low)	Income Tax (High)
Missouri	1.5%	6%

One thing to keep in mind when considering the cost of living in Fulton, MO is the Missouri sales tax and Missouri income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Missouri sales tax rate is 4.225% and the maximum surtax that can be charged is 9.35%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Missouri income tax rates range from 1.5% to 6%.

Goods & Services

Item	Fulton	National avg.	Difference
Haircut	$14.53	$15.56	6.6%
Beauty Salon	$40.48	$36.11	12.1%
Toothpaste	$2.84	$2.47	14.7%
Shampoo	$1.24	$0.96	28.8%
Movie	$9.92	$10.13	2.0%
Bowling	$5.13	$4.74	8.3%

Groceries

Item	Fulton	National avg.	Difference
Ground Beef	$3.68	$3.98	7.6%
Fried Chicken	$1.48	$1.41	5.2%
Milk	$2.15	$2.06	4.2%
Potatoes	$2.90	$2.98	2.9%
Pizza	$8.22	$9.47	13.3%
Beer	$8.57	$8.79	2.5%

Health Care

Item	Fulton	National avg.	Difference
Optometrist	$82.46	$101.04	18.4%
Doctor	$116.17	$107.44	8.1%
Dentist	$88.31	$90.42	2.3%
Ibuprofen	$9.54	$9.28	2.8%
Lipitor	$445.29	$426.50	4.4%

Housing

Item	Fulton	National avg.	Difference
Home Price	$104,100.00	$175,700.00	40.8%
Avg. Mortgage Payment	$1,000.93	$1,133.23	11.7%
Apartment Rent	$600.00	$920.00	34.8%

Transportation

Item	Fulton	National avg.	Difference
Gasoline	$1.86	$1.99	6.6%
Tire Balancing	$40.87	$45.76	10.7%

Utilities

Item	Fulton	National avg.	Difference
All Electricity	$161.00	$163.81	1.7%
Phone	$32.49	$28.39	14.4%

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.
Chamois, MO	360	76	-24%
Auxvasse, MO	1,009	84	-16%
Mokane, MO	184	84	-16%
New Bloomfield, MO	830	87	-13%
Kingdom City, MO	108	89	-11%
Fulton, MO	12,791	88	-12%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Sylacauga, AL	12,786	83	-17%
McFarland, CA	12,784	100	-0%
Southern Pines, NC	12,782	107	7%
Athens, TX	12,782	84	-16%
St. Simons, GA	12,807	122	22%
Fulton, MO	12,791	88	-12%

Source: The Fulton, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Fulton, MO Cost of Living