Park Hills 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.
IndexPark HillsMissouriNational
Cost of living index8491100
IndexPark HillsMissouriNational
Goods & Services index9799100
Groceries index10195100
Health care index10197100
Housing index4779100
Transportation index9287100
Utilities index114104100
An overview of the general cost of living index for Park Hills, MO is displayed above for your reference. Residents in Park Hills, MO enjoy a cost of living index of 84. This index is 8% lower than the Missouri average, and 16% 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 Park Hills, MO, the average cost of goods and services is 2% lower than it is in Missouri, and it is 3% lower than the national average.

Did you know?

  • The cost of living in Park Hills is 8% lower than the Missouri average.
  • The cost of living in Park Hills is 16% lower than the national average.
  • The cost of housing in Park Hills is 53% 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 Park Hills, MO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Park Hills, 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 Park Hills, MO, you have to earn a higher income in order to still have the same standard of living. To operate the Park Hills, 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)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Park Hills, 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 Park Hills, MO homeowners, is $48,025. This would allow for a maximum of $1,121 per month to be spent on housing costs. For renters, the median monthly income is $18,480 which would result in a maximum of $431 to be spent on rental costs.

Missouri Sales Tax

StateGeneral Sales TaxWith Max Surtax

Missouri Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Park Hills, 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

ItemPark HillsNational 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%


ItemPark HillsNational 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

ItemPark HillsNational 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%


ItemPark HillsNational avg.Difference
Home Price $74,700.00$175,700.0057.5%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $541.00$920.0041.2%


ItemPark HillsNational avg.Difference
Gasoline $1.86$2.0910.9%
Tire Balancing $44.70$45.291.3%


ItemPark HillsNational 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.
Wortham, MO222100-0%
Frankclay, MO9375-25%
Mineral Point, MO37379-21%
Doe Run, MO96279-21%
Iron Mountain Lake, MO83881-19%
Park Hills, MO8,71484-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lansdowne, MD8,71498-2%
Moncks Corner, SC8,71199-1%
Memphis, FL8,72295-5%
Paris, IL8,70285-15%
Atoka, TN8,72795-5%
Park Hills, MO8,71484-16%
Source: The Park Hills, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.