Northwoods 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.
IndexNorthwoodsMissouriNational
Cost of living index8691100
IndexNorthwoodsMissouriNational
Goods & Services index9395100
Groceries index10397100
Health care index9697100
Housing index5979100
Transportation index9493100
Utilities index113104100
The above illustration supplies generalized information for the Northwoods, MO cost of living index. Compared to other cities in Missouri and cities across the country, the cost of living index in Northwoods, MO is 86, which is 5% lower than the Missouri average and 14% 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 Northwoods, MO are 3% lower than the average for Missouri and 7% lower than the rest of the country.

Did you know?

  • The cost of living in Northwoods is 5% lower than the Missouri average.
  • The cost of living in Northwoods is 14% lower than the national average.
  • The cost of housing in Northwoods is 41% 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 Northwoods, MO Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Northwoods, MO to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Northwoods, MO, you have to earn a higher income in order to still have the same standard of living. To operate the Northwoods, MO salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$38,737$3,228$904$1,162
Renters$26,680$2,223$622$800
If you want to find a good determining factor for the cost of living and the general affordability of housing in Northwoods, MO, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Northwoods, MO, the median monthly income is $38,737 for those who own their own homes. Under the standard rule, that income level would allow for $904 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,680, per the median income in the area. That would allow for renters to spend up to $622 on monthly rental expenses.

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 Northwoods, 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

ItemNorthwoodsNational avg.Difference
Haircut $16.36$15.565.1%
Beauty Salon $37.77$36.114.6%
Toothpaste $2.13$2.4713.7%
Shampoo $1.03$0.966.7%
Movie $10.07$10.130.6%
Bowling $3.78$4.7420.2%

Groceries

ItemNorthwoodsNational avg.Difference
Ground Beef $4.90$3.9823.0%
Fried Chicken $1.88$1.4133.6%
Milk $2.33$2.0612.9%
Potatoes $2.48$2.9816.7%
Pizza $8.52$9.4710.1%
Beer $8.04$8.798.6%

Health Care

ItemNorthwoodsNational avg.Difference
Optometrist $76.95$101.0423.8%
Doctor $84.03$107.4421.8%
Dentist $91.80$90.421.5%
Ibuprofen $11.43$9.2823.2%
Lipitor $433.91$426.501.7%

Housing

ItemNorthwoodsNational avg.Difference
Home Price $71,500.00$175,700.0059.3%
Avg. Mortgage Payment $728.96$1,133.2335.7%
Apartment Rent $946.00$920.002.8%

Transportation

ItemNorthwoodsNational avg.Difference
Gasoline $1.87$1.996.4%
Tire Balancing $43.83$45.764.2%

Utilities

ItemNorthwoodsNational avg.Difference
All Electricity$160.36$163.812.1%
Phone $38.25$28.3934.8%
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.
Champ, MO1198-2%
Brooklyn, IL80778-22%
Alorton, IL1,72979-21%
Venice, IL1,75180-20%
Washington Park, IL4,12081-19%
Northwoods, MO4,21386-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West Milwaukee, WI4,21493-7%
Rockford, MN4,2141022%
Cramerton, NC4,21299-1%
Belton, SC4,21188-12%
Trenton, TN4,21582-18%
Northwoods, MO4,21386-14%
Source: The Northwoods, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.