Warrensburg 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.
IndexWarrensburgMissouriNational
Cost of living index9391100
IndexWarrensburgMissouriNational
Goods & Services index10399100
Groceries index8995100
Health care index9997100
Housing index8479100
Transportation index8787100
Utilities index93104100
An overview of the general cost of living index for Warrensburg, MO is displayed above for your reference. Residents in Warrensburg, MO enjoy a cost of living index of 93. This index is 1% higher than the Missouri average, and 7% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Warrensburg, MO, the average cost of goods and services is 5% higher than it is in Missouri, and it is 3% higher than the national average.

Did you know?

  • The cost of living in Warrensburg is 1% higher than the Missouri average.
  • The cost of living in Warrensburg is 7% lower than the national average.
  • The cost of housing in Warrensburg is 16% 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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Compare Warrensburg, MO Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Warrensburg, 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 Warrensburg, MO, you have to earn a higher income in order to still have the same standard of living. To operate the Warrensburg, 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$73,258$6,105$1,709$2,198
Renters$23,798$1,983$555$714
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 Warrensburg, 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. Warrensburg, MO has a median income of about $73,258 for people who own homes. Based on that number, a person should spend a maximum of $1,709 on expenses related to housing. Renters have a slightly different median income, which is $23,798. Based on this average, renters should spend no more than $555 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%
For those who live in Warrensburg, MO and want to know what the true cost of living is, they ought to look at both the Missouri income tax rate and the Missouri sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Missouri, the sales tax is 4.225%, while the most you'll pay in surtax is 9.35%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Missouri, the income tax rate ranges between 1.5% to 6%.

Goods & Services

ItemWarrensburgNational 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

ItemWarrensburgNational 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

ItemWarrensburgNational 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

ItemWarrensburgNational avg.Difference
Home Price $153,100.00$175,700.0012.9%
Avg. Mortgage Payment $1,000.66$1,081.037.4%
Apartment Rent $704.00$920.0023.5%

Transportation

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

Utilities

ItemWarrensburgNational 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.
Centerview, MO28379-21%
Chilhowee, MO23180-20%
Lake Lafayette, MO37281-19%
Blairstown, MO14082-18%
Leeton, MO76482-18%
Warrensburg, MO19,54893-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Amherst Center, MA19,54312222%
Evans, CO19,53597-3%
Schofield Barracks, HI19,52516767%
West Pensacola, FL19,57184-16%
Weirton, WV19,52388-12%
Warrensburg, MO19,54893-7%
Source: The Warrensburg, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.