Smithville 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.
IndexSmithvilleMissouriNational
Cost of living index9791100
IndexSmithvilleMissouriNational
Goods & Services index10195100
Groceries index10097100
Health care index9797100
Housing index9679100
Transportation index9593100
Utilities index84104100
A general overview of the cost of living index for Smithville, MO is displayed above. In Smithville, MO, the overall cost of living index is 97, which is 6% higher than the Missouri average and 3% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Smithville, MO, the city's goods and services are 6% higher than the Missouri average and 1% higher than the U.S. average.

Did you know?

  • The cost of living in Smithville is 6% higher than the Missouri average.
  • The cost of living in Smithville is 3% lower than the national average.
  • The cost of housing in Smithville is 4% 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
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Cost of living index
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Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Smithville, 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 Smithville, MO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Smithville, 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$84,194$7,016$1,964$2,526
Renters$26,118$2,177$609$784
If you want to find a good determining factor for the cost of living and the general affordability of housing in Smithville, MO, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Smithville, MO, the median monthly income is $84,194 for those who own their own homes. Under the standard rule, that income level would allow for $1,964 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,118, per the median income in the area. That would allow for renters to spend up to $609 on monthly rental expenses.

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 Smithville, 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

ItemSmithvilleNational avg.Difference
Haircut $15.53$15.560.2%
Beauty Salon $30.80$36.1114.7%
Toothpaste $2.57$2.473.9%
Shampoo $0.92$0.964.7%
Movie $9.59$10.135.3%
Bowling $4.71$4.740.5%

Groceries

ItemSmithvilleNational avg.Difference
Ground Beef $4.44$3.9811.5%
Fried Chicken $1.99$1.4141.4%
Milk $2.09$2.061.1%
Potatoes $2.60$2.9812.9%
Pizza $9.23$9.472.6%
Beer $8.16$8.797.2%

Health Care

ItemSmithvilleNational avg.Difference
Optometrist $100.35$101.040.7%
Doctor $91.94$107.4414.4%
Dentist $91.87$90.421.6%
Ibuprofen $8.64$9.286.9%
Lipitor $436.91$426.502.4%

Housing

ItemSmithvilleNational avg.Difference
Home Price $178,300.00$175,700.001.5%
Avg. Mortgage Payment $899.88$1,133.2320.6%
Apartment Rent $765.00$920.0016.8%

Transportation

ItemSmithvilleNational avg.Difference
Gasoline $1.85$1.997.2%
Tire Balancing $45.97$45.760.5%

Utilities

ItemSmithvilleNational avg.Difference
All Electricity$148.92$163.819.1%
Phone $21.29$28.3925.0%
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.
Ferrelview, MO47477-23%
Mosby, MO22383-17%
Claycomo, MO1,34587-13%
Holt, MO48187-13%
Missouri City, MO26587-13%
Smithville, MO8,79197-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brandywine, MD8,79112727%
Highland Park, TX8,796285185%
Sangaree, SC8,7821000%
Oroville East, CA8,7821044%
Lancaster, SC8,80187-13%
Smithville, MO8,79197-3%
Source: The Smithville, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.