Rolla 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.
IndexRollaMissouriNational
Cost of living index8891100
IndexRollaMissouriNational
Goods & Services index9795100
Groceries index9597100
Health care index10097100
Housing index6879100
Transportation index9593100
Utilities index101104100
Displayed above is a general overview of the Rolla, MO cost of living index. The overall cost of living index in Rolla, MO is 88, which is 3% lower than the Missouri average and 12% lower 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 Rolla, MO are 2% higher than the Missouri average and 3% lower than the national average.

Did you know?

  • The cost of living in Rolla is 3% lower than the Missouri average.
  • The cost of living in Rolla is 12% lower than the national average.
  • The cost of housing in Rolla is 32% 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.

Find Real Estate Listings In Rolla

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Rolla

Compare Rolla, MO Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
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 Rolla, 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 Rolla, MO, you have to earn a higher income in order to still have the same standard of living. To operate the Rolla, 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$55,286$4,607$1,290$1,659
Renters$23,240$1,937$542$697
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Rolla, 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 Rolla, MO homeowners, is $55,286. This would allow for a maximum of $1,290 per month to be spent on housing costs. For renters, the median monthly income is $23,240 which would result in a maximum of $542 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%
When assessing the complete cost of living in Rolla, MO, the Missouri income tax and the Missouri sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Missouri maximum surtax is 9.35%, and the Missouri sales tax is 4.225%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1.5% to 6% in Missouri.

Goods & Services

ItemRollaNational 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

ItemRollaNational 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

ItemRollaNational 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

ItemRollaNational avg.Difference
Home Price $118,400.00$175,700.0032.6%
Avg. Mortgage Payment $886.19$1,133.2321.8%
Apartment Rent $645.00$920.0029.9%

Transportation

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

Utilities

ItemRollaNational 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.
Newburg, MO55976-24%
St. James, MO4,18485-15%
Doolittle, MO64086-14%
Rolla, MO19,80888-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Madisonville, KY19,80782-18%
Eastchester, NY19,80015858%
Makakilo, HI19,81917979%
Nixa, MO19,82190-10%
Germantown, WI19,7911088%
Rolla, MO19,80888-12%
Source: The Rolla, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.