Willard 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.
IndexWillardMissouriNational
Cost of living index8991100
IndexWillardMissouriNational
Goods & Services index9999100
Groceries index10095100
Health care index9497100
Housing index7079100
Transportation index8387100
Utilities index103104100
The above illustration supplies generalized information for the Willard, MO cost of living index. Compared to other cities in Missouri and cities across the country, the cost of living index in Willard, MO is 89, which is 3% lower than the Missouri average and 11% 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 Willard, MO are equal to the average for Missouri and 1% lower than the rest of the country.

Did you know?

  • The cost of living in Willard is 3% lower than the Missouri average.
  • The cost of living in Willard is 11% lower than the national average.
  • The cost of housing in Willard is 30% 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 meant to help you compare your salary in Willard, 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 Willard, MO, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Willard, 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$55,986$4,666$1,306$1,680
Renters$32,131$2,678$750$964
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 Willard, 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. Willard, MO has a median income of about $55,986 for people who own homes. Based on that number, a person should spend a maximum of $1,306 on expenses related to housing. Renters have a slightly different median income, which is $32,131. Based on this average, renters should spend no more than $750 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 Willard, 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

ItemWillardNational avg.Difference
Haircut $12.25$14.5916.1%
Beauty Salon $33.67$34.682.9%
Toothpaste $1.69$2.4731.7%
Shampoo $0.84$1.0217.8%
Movie $9.58$9.872.9%
Bowling $3.63$4.3917.3%

Groceries

ItemWillardNational avg.Difference
Ground Beef $4.17$4.486.9%
Fried Chicken $1.71$1.4616.8%
Milk $2.46$2.364.4%
Potatoes $2.76$3.069.8%
Pizza $8.49$9.248.1%
Beer $8.81$8.632.1%

Health Care

ItemWillardNational avg.Difference
Optometrist $93.00$99.786.8%
Doctor $104.00$105.031.0%
Dentist $75.25$88.7015.2%
Ibuprofen $8.42$9.4110.5%
Lipitor $313.13$298.504.9%

Housing

ItemWillardNational avg.Difference
Home Price $115,000.00$175,700.0034.5%
Avg. Mortgage Payment $778.68$1,081.0328.0%
Apartment Rent $736.00$920.0020.0%

Transportation

ItemWillardNational avg.Difference
Gasoline $1.68$2.0919.7%
Tire Balancing $40.99$45.299.5%

Utilities

ItemWillardNational avg.Difference
All Electricity$150.33$170.8012.0%
Phone $35.01$28.2623.9%
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.
Goodnight, MO497-3%
Chesapeake, MO4997-3%
Halltown, MO12682-18%
Dadeville, MO25882-18%
Morrisville, MO39182-18%
Willard, MO5,39589-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Piedmont, SC5,39691-9%
Isanti, MN5,39698-2%
Lecanto, FL5,39491-9%
Fox Chapel, PA5,39716161%
Williamson, AZ5,39812323%
Willard, MO5,39589-11%
Source: The Willard, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.