Town and Country 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.
IndexTown and CountryMissouriNational
Cost of living index15991100
IndexTown and CountryMissouriNational
Goods & Services index9395100
Groceries index10397100
Health care index9697100
Housing index30179100
Transportation index9493100
Utilities index113104100
Here we can see a simple outline of the cost of living in Town and Country, MO. As you can see, with the average cost of living in Town and Country, MO being 159, that puts it 74% higher than the average of Missouri and 59% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Town and Country, MO, the price of goods and services are 3% lower than the average of Missouri as well as 7% lower than the nation's average.

Did you know?

  • The cost of living in Town and Country is 74% higher than the Missouri average.
  • The cost of living in Town and Country is 59% higher than the national average.
  • The cost of housing in Town and Country is 201% higher 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 allows you to compare how much your current salary in Town and Country, MO would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Town and Country, MO, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Town and Country, MO salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$179,135$14,928$4,180$5,375
Renters$42,128$3,511$983$1,264
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Town and Country, MO, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Town and Country, MO has a median income of about $179,135 for people who own homes. Based on that number, a person should spend a maximum of $4,180 on expenses related to housing. Renters have a slightly different median income, which is $42,128. Based on this average, renters should spend no more than $983 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Missouri Sales Tax

StateGeneral Sales TaxWith Max Surtax
Missouri4.225%9.35%

Missouri Income Tax

StateIncome Tax (Low)Income Tax (High)
Missouri1.5%6%
One thing to keep in mind when considering the cost of living in Town and Country, MO is the Missouri sales tax and Missouri income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Missouri sales tax rate is 4.225% and the maximum surtax that can be charged is 9.35%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Missouri income tax rates range from 1.5% to 6%.

Goods & Services

ItemTown and CountryNational avg.Difference
Haircut $16.36$15.565.1%
Beauty Salon $37.77$36.114.6%
Toothpaste $2.13$2.4713.7%
Shampoo $1.03$0.966.7%
Movie $10.07$10.130.6%
Bowling $3.78$4.7420.2%

Groceries

ItemTown and CountryNational avg.Difference
Ground Beef $4.90$3.9823.0%
Fried Chicken $1.88$1.4133.6%
Milk $2.33$2.0612.9%
Potatoes $2.48$2.9816.7%
Pizza $8.52$9.4710.1%
Beer $8.04$8.798.6%

Health Care

ItemTown and CountryNational avg.Difference
Optometrist $76.95$101.0423.8%
Doctor $84.03$107.4421.8%
Dentist $91.80$90.421.5%
Ibuprofen $11.43$9.2823.2%
Lipitor $433.91$426.501.7%

Housing

ItemTown and CountryNational avg.Difference
Home Price $657,700.00$175,700.00274.3%
Avg. Mortgage Payment $728.96$1,133.2335.7%
Apartment Rent $1,185.00$920.0028.8%

Transportation

ItemTown and CountryNational avg.Difference
Gasoline $1.87$1.996.4%
Tire Balancing $43.83$45.764.2%

Utilities

ItemTown and CountryNational avg.Difference
All Electricity$160.36$163.812.1%
Phone $38.25$28.3934.8%
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.
Peaceful Village, MO598-2%
Champ, MO1198-2%
East Carondelet, IL54682-18%
Wellston, MO2,01082-18%
Hillsdale, MO1,33782-18%
Town and Country, MO10,89015959%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Marinette, WI10,89082-18%
Timberlane, LA10,89197-3%
Webster, TX10,89891-9%
Chino Valley, AZ10,87991-9%
Waxhaw, NC10,8781099%
Town and Country, MO10,89015959%
Source: The Town and Country, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.