Joplin 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.
IndexJoplinMissouriNational
Cost of living index8691100
IndexJoplinMissouriNational
Goods & Services index9499100
Groceries index8995100
Health care index9097100
Housing index6379100
Transportation index8787100
Utilities index119104100
An overview of the general cost of living index for Joplin, MO is displayed above for your reference. Residents in Joplin, MO enjoy a cost of living index of 86. This index is 6% lower than the Missouri average, and 14% lower 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 Joplin, MO, the average cost of goods and services is 5% lower than it is in Missouri, and it is 6% lower than the national average.

Did you know?

  • The cost of living in Joplin is 6% lower than the Missouri average.
  • The cost of living in Joplin is 14% lower than the national average.
  • The cost of housing in Joplin is 37% 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.

Find Real Estate Listings In Joplin

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Joplin

Compare Joplin, MO Cost of living To Other Cities

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
The salary calculator allows you to compare how much your current salary in Joplin, MO would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Joplin, MO, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Joplin, MO salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,028$4,169$1,167$1,501
Renters$27,131$2,261$633$814
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Joplin, MO, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Joplin, MO homeowners have a median income of $50,028. Using that number, you will come up with a maximum of $1,167 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $27,131, which means there is a maximum of $633 to be spent on the costs of renting a home or apartment.

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 Joplin, 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

ItemJoplinNational avg.Difference
Haircut $14.60$14.590.0%
Beauty Salon $19.43$34.6844.0%
Toothpaste $1.95$2.4721.2%
Shampoo $0.93$1.029.0%
Movie $10.00$9.871.3%
Bowling $3.50$4.3920.3%

Groceries

ItemJoplinNational avg.Difference
Ground Beef $4.83$4.487.9%
Fried Chicken $1.45$1.461.0%
Milk $2.49$2.365.7%
Potatoes $2.22$3.0627.5%
Pizza $12.49$9.2435.1%
Beer $8.28$8.634.1%

Health Care

ItemJoplinNational avg.Difference
Optometrist $84.75$99.7815.1%
Doctor $95.00$105.039.6%
Dentist $75.50$88.7014.9%
Ibuprofen $7.48$9.4120.5%
Lipitor $307.55$298.503.0%

Housing

ItemJoplinNational avg.Difference
Home Price $103,300.00$175,700.0041.2%
Avg. Mortgage Payment $750.66$1,081.0330.6%
Apartment Rent $684.00$920.0025.7%

Transportation

ItemJoplinNational avg.Difference
Gasoline $1.72$2.0917.9%
Tire Balancing $45.95$45.291.5%

Utilities

ItemJoplinNational avg.Difference
All Electricity$192.87$170.8012.9%
Phone $35.75$28.2626.5%
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.
Lowell, KS21674-26%
Galena, KS3,02279-21%
Waco, MO5979-21%
Neck City, MO22380-20%
Peoria, OK10280-20%
Joplin, MO50,90086-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Minnetonka, MN50,89711919%
Charleston, WV50,91193-7%
Glendora, CA50,85514545%
DeSoto, TX50,8371011%
Harrisonburg, VA50,8211011%
Joplin, MO50,90086-14%
Source: The Joplin, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.