Savannah 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.
IndexSavannahMissouriNational
Cost of living index8591100
IndexSavannahMissouriNational
Goods & Services index10399100
Groceries index8995100
Health care index9997100
Housing index5879100
Transportation index8787100
Utilities index93104100
The above illustration supplies generalized information for the Savannah, MO cost of living index. Compared to other cities in Missouri and cities across the country, the cost of living index in Savannah, MO is 85, which is 7% lower than the Missouri average and 15% 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 Savannah, MO are 5% higher than the average for Missouri and 3% higher than the rest of the country.

Did you know?

  • The cost of living in Savannah is 7% lower than the Missouri average.
  • The cost of living in Savannah is 15% lower than the national average.
  • The cost of housing in Savannah is 42% 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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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
The salary calculator is used in order to provide a comparison of your current salary in Savannah, MO to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Savannah, MO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Savannah, MO salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,279$4,357$1,220$1,569
Renters$26,040$2,170$608$781
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Savannah, 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 Savannah, MO homeowners have a median income of $52,279. Using that number, you will come up with a maximum of $1,220 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $26,040, which means there is a maximum of $608 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%
When you are determining the total cost of living in Savannah, 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

ItemSavannahNational avg.Difference
Haircut $14.67$14.590.5%
Beauty Salon $32.43$34.686.5%
Toothpaste $1.86$2.4724.8%
Shampoo $1.17$1.0214.5%
Movie $9.36$9.875.2%
Bowling $4.11$4.396.4%

Groceries

ItemSavannahNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.25$1.4614.6%
Milk $2.35$2.360.3%
Potatoes $2.52$3.0617.7%
Pizza $7.49$9.2419.0%
Beer $7.77$8.6310.0%

Health Care

ItemSavannahNational avg.Difference
Optometrist $95.50$99.784.3%
Doctor $101.50$105.033.4%
Dentist $89.10$88.700.4%
Ibuprofen $8.37$9.4111.1%
Lipitor $306.77$298.502.8%

Housing

ItemSavannahNational avg.Difference
Home Price $99,800.00$175,700.0043.2%
Avg. Mortgage Payment $1,000.66$1,081.037.4%
Apartment Rent $554.00$920.0039.8%

Transportation

ItemSavannahNational avg.Difference
Gasoline $1.77$2.0915.5%
Tire Balancing $43.05$45.294.9%

Utilities

ItemSavannahNational avg.Difference
All Electricity$162.80$170.804.7%
Phone $25.01$28.2611.5%
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.
Rosendale, MO14971-29%
Cosby, MO13277-23%
Union Star, MO36277-23%
Rea, MO3777-23%
Clarksdale, MO30779-21%
Savannah, MO5,10185-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Clarks Summit, PA5,1011011%
Oxford, PA5,1001077%
Alexandria, IN5,10081-19%
East Port Orchard, WA5,09811414%
Big Bear Lake, CA5,10412828%
Savannah, MO5,10185-15%
Source: The Savannah, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.