Oakville 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.
IndexOakvilleMissouriNational
Cost of living index10291100
IndexOakvilleMissouriNational
Goods & Services index9395100
Groceries index10397100
Health care index9697100
Housing index11079100
Transportation index9493100
Utilities index113104100
Displayed above is a general overview of the Oakville, MO cost of living index. The overall cost of living index in Oakville, MO is 102, which is 11% higher than the Missouri average and 2% higher 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 Oakville, MO are 3% lower than the Missouri average and 7% lower than the national average.

Did you know?

  • The cost of living in Oakville is 11% higher than the Missouri average.
  • The cost of living in Oakville is 2% higher than the national average.
  • The cost of housing in Oakville is 10% 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 Oakville, MO Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Oakville, MO to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Oakville, MO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Oakville, MO salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,881$7,157$2,004$2,577
Renters$40,944$3,412$955$1,228
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Oakville, MO, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Oakville, MO has a median income of about $85,881 for people who own homes. Based on that number, a person should spend a maximum of $2,004 on expenses related to housing. Renters have a slightly different median income, which is $40,944. Based on this average, renters should spend no more than $955 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Oakville, 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

ItemOakvilleNational 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

ItemOakvilleNational 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

ItemOakvilleNational 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

ItemOakvilleNational avg.Difference
Home Price $206,600.00$175,700.0017.6%
Avg. Mortgage Payment $728.96$1,133.2335.7%
Apartment Rent $842.00$920.008.5%

Transportation

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

Utilities

ItemOakvilleNational 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.
Peaceful Village, MO598-2%
Paderborn, IL5398-2%
Floraville, IL098-2%
Brooklyn, IL80778-22%
Alorton, IL1,72979-21%
Oakville, MO36,7761022%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Elmont, NY36,76215555%
Marion, OH36,79186-14%
Weslaco, TX36,75271-29%
Egypt Lake-Leto, FL36,73590-10%
Dover, DE36,8261033%
Oakville, MO36,7761022%
Source: The Oakville, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.