Neosho 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.
IndexNeoshoMissouriNational
Cost of living index8391100
IndexNeoshoMissouriNational
Goods & Services index9499100
Groceries index8995100
Health care index9097100
Housing index5479100
Transportation index8787100
Utilities index119104100
An overview of the general cost of living index for Neosho, MO is displayed above for your reference. Residents in Neosho, MO enjoy a cost of living index of 83. This index is 10% lower than the Missouri average, and 17% 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 Neosho, 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 Neosho is 10% lower than the Missouri average.
  • The cost of living in Neosho is 17% lower than the national average.
  • The cost of housing in Neosho is 46% 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 Neosho, MO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
Housing index
Transportation index
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The salary calculator allows you to compare how much your current salary in Neosho, 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 Neosho, MO, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Neosho, 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$44,510$3,709$1,038$1,335
Renters$22,807$1,901$532$684
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Neosho, MO as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Neosho, MO homeowners, is $44,510. This would allow for a maximum of $1,038 per month to be spent on housing costs. For renters, the median monthly income is $22,807 which would result in a maximum of $532 to be spent on rental 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%
One thing to keep in mind when considering the cost of living in Neosho, 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

ItemNeoshoNational 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

ItemNeoshoNational 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

ItemNeoshoNational 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

ItemNeoshoNational avg.Difference
Home Price $88,700.00$175,700.0049.5%
Avg. Mortgage Payment $750.66$1,081.0330.6%
Apartment Rent $558.00$920.0039.3%

Transportation

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

Utilities

ItemNeoshoNational 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.
Stella, MO13772-28%
Ritchey, MO6876-24%
Stark City, MO14179-21%
Galena, KS3,02279-21%
Goodman, MO1,29980-20%
Neosho, MO12,03883-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Miami, FL12,03612828%
Ferndale, WA12,04011212%
Madison, IN12,03390-10%
Steamboat Springs, CO12,04414242%
Patchogue, NY12,04513434%
Neosho, MO12,03883-17%
Source: The Neosho, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.