Spanish Lake 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.
IndexSpanish LakeMissouriNational
Cost of living index8991100
IndexSpanish LakeMissouriNational
Goods & Services index9799100
Groceries index10195100
Health care index10197100
Housing index6379100
Transportation index9287100
Utilities index114104100
A general overview of the cost of living index for Spanish Lake, MO is displayed above. In Spanish Lake, MO, the overall cost of living index is 89, which is 3% lower than the Missouri average and 11% 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 Spanish Lake, MO, the city's goods and services are 2% lower than the Missouri average and 3% lower than the U.S. average.

Did you know?

  • The cost of living in Spanish Lake is 3% lower than the Missouri average.
  • The cost of living in Spanish Lake is 11% lower than the national average.
  • The cost of housing in Spanish Lake is 37% 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

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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 Spanish Lake, 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 Spanish Lake, MO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Spanish Lake, 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)
One can approximate the cost of living and the housing affordability in Spanish Lake, MO by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Spanish Lake, MO have a median income of $57,604. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,344 per month to avoid calamity and poverty. The renters in the city have an income of about $19,928, which would make their monthly maximum allowable rental costs $465.

Missouri Sales Tax

StateGeneral Sales TaxWith Max Surtax

Missouri Income Tax

StateIncome Tax (Low)Income Tax (High)
The Missouri sales tax and Missouri income tax rates should definitely be considered when determining the overall cost of living in Spanish Lake, MO. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Missouri sales tax is 4.225% and the maximum surtax is 9.35%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Missouri income tax rates range from 1.5% to 6%.

Goods & Services

ItemSpanish LakeNational 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%


ItemSpanish LakeNational 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

ItemSpanish LakeNational 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%


ItemSpanish LakeNational avg.Difference
Home Price $99,200.00$175,700.0043.5%
Avg. Mortgage Payment $711.37$1,081.0334.2%
Apartment Rent $716.00$920.0022.2%


ItemSpanish LakeNational avg.Difference
Gasoline $1.86$2.0910.9%
Tire Balancing $44.70$45.291.3%


ItemSpanish LakeNational 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.
Champ, MO11100-0%
Brooklyn, IL80779-21%
Alorton, IL1,72980-20%
Venice, IL1,75181-19%
Washington Park, IL4,12082-18%
Spanish Lake, MO19,65289-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Homewood, IL19,6421011%
McKeesport, PA19,66383-17%
Coralville, IA19,67797-3%
Willmar, MN19,62694-6%
Sugar Hill, GA19,6881022%
Spanish Lake, MO19,65289-11%
Source: The Spanish Lake, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.