Lake St. Louis 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.
IndexLake St. LouisMissouriNational
Cost of living index10791100
IndexLake St. LouisMissouriNational
Goods & Services index9799100
Groceries index10195100
Health care index10197100
Housing index12579100
Transportation index9287100
Utilities index114104100
A general overview of the cost of living index for Lake St. Louis, MO is displayed above. In Lake St. Louis, MO, the overall cost of living index is 107, which is 17% higher than the Missouri average and 7% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Lake St. Louis, MO, the city's goods and services are 2% lower than the Missouri average and 3% lower than the U.S. average.

Did you know?

  • The cost of living in Lake St. Louis is 17% higher than the Missouri average.
  • The cost of living in Lake St. Louis is 7% higher than the national average.
  • The cost of housing in Lake St. Louis is 25% 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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Compare Lake St. Louis, MO Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Lake St. Louis, 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 Lake St. Louis, MO, then you would need to earn more income in order to maintain the same standard of living. To use the Lake St. Louis, 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$81,500$6,792$1,902$2,445
Renters$48,614$4,051$1,134$1,459
The affordability of the housing market in Lake St. Louis, 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 Lake St. Louis, MO homeowners, the median income is $81,500. This indicates that a monthly maximum of $1,902 should be spent by homeowners on all housing related costs. Renters have a median income of $48,614. This indicates that renters should have a maximum of $1,134 used for their rent related monthly 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 Lake St. Louis, 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

ItemLake St. LouisNational 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

ItemLake St. LouisNational 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

ItemLake St. LouisNational 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

ItemLake St. LouisNational avg.Difference
Home Price $234,000.00$175,700.0033.2%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $970.00$920.005.4%

Transportation

ItemLake St. LouisNational avg.Difference
Gasoline $1.86$2.0910.9%
Tire Balancing $44.70$45.291.3%

Utilities

ItemLake St. LouisNational 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.
Three Creeks, MO397-3%
Moscow Mills, MO2,50883-17%
Fountain N' Lakes, MO30284-16%
Brussels, IL12886-14%
Old Monroe, MO26888-12%
Lake St. Louis, MO14,7591077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Deming, NM14,76082-18%
Parkway, CA14,7561066%
Fort Carson, CO14,7661088%
Parlier, CA14,75095-5%
Neabsco, VA14,77513434%
Lake St. Louis, MO14,7591077%
Source: The Lake St. Louis, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.