Higginsville 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.
IndexHigginsvilleMissouriNational
Cost of living index8691100
IndexHigginsvilleMissouriNational
Goods & Services index10399100
Groceries index8995100
Health care index9997100
Housing index6179100
Transportation index8787100
Utilities index93104100
Displayed above is a general overview of the Higginsville, MO cost of living index. The overall cost of living index in Higginsville, MO is 86, which is 6% 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 Higginsville, MO are 5% higher than the Missouri average and 3% higher than the national average.

Did you know?

  • The cost of living in Higginsville is 6% lower than the Missouri average.
  • The cost of living in Higginsville is 14% lower than the national average.
  • The cost of housing in Higginsville 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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Compare Higginsville, MO Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Higginsville, 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 Higginsville, MO, then you would need to earn more income in order to maintain the same standard of living. To use the Higginsville, 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$53,088$4,424$1,239$1,593
Renters$27,614$2,301$644$829
One can approximate the cost of living and the housing affordability in Higginsville, 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 Higginsville, MO have a median income of $53,088. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,239 per month to avoid calamity and poverty. The renters in the city have an income of about $27,614, which would make their monthly maximum allowable rental costs $644.

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 Higginsville, 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

ItemHigginsvilleNational avg.Difference
Haircut $14.67$14.590.5%
Beauty Salon $32.43$34.686.5%
Toothpaste $1.86$2.4724.8%
Shampoo $1.17$1.0214.5%
Movie $9.36$9.875.2%
Bowling $4.11$4.396.4%

Groceries

ItemHigginsvilleNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.25$1.4614.6%
Milk $2.35$2.360.3%
Potatoes $2.52$3.0617.7%
Pizza $7.49$9.2419.0%
Beer $7.77$8.6310.0%

Health Care

ItemHigginsvilleNational avg.Difference
Optometrist $95.50$99.784.3%
Doctor $101.50$105.033.4%
Dentist $89.10$88.700.4%
Ibuprofen $8.37$9.4111.1%
Lipitor $306.77$298.502.8%

Housing

ItemHigginsvilleNational avg.Difference
Home Price $98,300.00$175,700.0044.1%
Avg. Mortgage Payment $1,000.66$1,081.037.4%
Apartment Rent $668.00$920.0027.4%

Transportation

ItemHigginsvilleNational avg.Difference
Gasoline $1.77$2.0915.5%
Tire Balancing $43.05$45.294.9%

Utilities

ItemHigginsvilleNational avg.Difference
All Electricity$162.80$170.804.7%
Phone $25.01$28.2611.5%
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.
Mayview, MO36378-22%
Dover, MO9980-20%
Aullville, MO11681-19%
Lake Lafayette, MO37281-19%
Corder, MO36682-18%
Higginsville, MO4,74086-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Newton Falls, OH4,74078-22%
Smith Mills, MA4,74111919%
Flower Hill, NY4,741233133%
Boulder Creek, CA4,74114848%
Canastota, NY4,74190-10%
Higginsville, MO4,74086-14%
Source: The Higginsville, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.