Osage Beach 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.
IndexOsage BeachMissouriNational
Cost of living index9991100
IndexOsage BeachMissouriNational
Goods & Services index9795100
Groceries index9597100
Health care index10097100
Housing index10479100
Transportation index9593100
Utilities index101104100
An overview of the general cost of living index for Osage Beach, MO is displayed above for your reference. Residents in Osage Beach, MO enjoy a cost of living index of 99. This index is 9% higher than the Missouri average, and 1% 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 Osage Beach, MO, the average cost of goods and services is 2% higher than it is in Missouri, and it is 3% lower than the national average.

Did you know?

  • The cost of living in Osage Beach is 9% higher than the Missouri average.
  • The cost of living in Osage Beach is 1% lower than the national average.
  • The cost of housing in Osage Beach is 4% 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 Osage Beach, 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
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The salary calculator is meant to help you compare your salary in Osage Beach, MO to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Osage Beach, MO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Osage Beach, MO salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,004$4,417$1,237$1,590
Renters$24,850$2,071$580$746
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Osage Beach, 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 Osage Beach, MO homeowners have a median income of $53,004. Using that number, you will come up with a maximum of $1,237 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $24,850, which means there is a maximum of $580 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%
For those who live in Osage Beach, MO and want to know what the true cost of living is, they ought to look at both the Missouri income tax rate and the Missouri sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Missouri, the sales tax is 4.225%, while the most you'll pay in surtax is 9.35%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Missouri, the income tax rate ranges between 1.5% to 6%.

Goods & Services

ItemOsage BeachNational avg.Difference
Haircut $14.03$15.569.9%
Beauty Salon $36.37$36.110.7%
Toothpaste $3.28$2.4732.7%
Shampoo $0.93$0.963.3%
Movie $8.93$10.1311.9%
Bowling $4.28$4.749.5%

Groceries

ItemOsage BeachNational avg.Difference
Ground Beef $3.90$3.982.2%
Fried Chicken $1.27$1.4110.0%
Milk $2.55$2.0623.6%
Potatoes $3.00$2.980.6%
Pizza $10.08$9.476.4%
Beer $8.26$8.796.0%

Health Care

ItemOsage BeachNational avg.Difference
Optometrist $89.16$101.0411.8%
Doctor $102.39$107.444.7%
Dentist $89.53$90.421.0%
Ibuprofen $9.81$9.285.8%
Lipitor $458.51$426.507.5%

Housing

ItemOsage BeachNational avg.Difference
Home Price $209,700.00$175,700.0019.4%
Avg. Mortgage Payment $886.19$1,133.2321.8%
Apartment Rent $620.00$920.0032.6%

Transportation

ItemOsage BeachNational avg.Difference
Gasoline $1.89$1.995.2%
Tire Balancing $43.91$45.764.0%

Utilities

ItemOsage BeachNational avg.Difference
All Electricity$157.03$163.814.1%
Phone $30.61$28.397.8%
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.
Lakeside, MO097-3%
Eldon, MO4,60184-16%
Brumley, MO19584-16%
Sunrise Beach, MO41685-15%
Tuscumbia, MO23785-15%
Osage Beach, MO4,39599-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rumford, ME4,39590-10%
Lyons, GA4,39579-21%
Middletown, MD4,39613131%
Southern Shops, SC4,39480-20%
Dimmitt, TX4,39477-23%
Osage Beach, MO4,39599-1%
Source: The Osage Beach, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.