Chillicothe, Missouri Cost Of Living

A+

20%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

47%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Chillicothe	Missouri	National
Cost of living	80	89	100
Goods & Services	91	93	100
Groceries	92	97	100
Health care	88	90	100
Housing	53	78	100
Transportation	86	95	100
Utilities	102	95	100

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Cost Of Living Quick Facts

The cost of living in Chillicothe is 10% lower than the Missouri average
The cost of living in Chillicothe is 20% lower than the national average
Chillicothe housing is 47% lower than the national average
Missouri general sales tax is 17% lower than the national average
Missouri state income tax is 34% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$52,275	$4,356	$1,220	$1,568
Renters	$35,833	$2,986	$836	$1,075

The affordability of the housing market in Chillicothe, MO as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Chillicothe homeowners, the median income is $52,275. This indicates that a monthly maximum of $1,220 should be spent by homeowners on all housing related costs. Renters have a median income of $35,833. This indicates that renters would have a maximum of $836 for their rent related monthly costs.

Missouri Sales Tax

State	General Sales Tax	With Max Surtax
Missouri	4.225%	10.85%

Missouri Income Tax

State	Income Tax (Low)	Income Tax (High)
Missouri	1.5%	5.3%

Goods & Services

Item	Chillicothe	National avg.	Difference
Haircut	$20.13	$22.08	8.8%
Beauty Salon	$33.07	$42.88	22.9%
Toothpaste	$1.83	$2.57	28.8%
Shampoo	$1.10	$1.15	4.6%
Movie	$11.76	$11.51	2.2%
Bowling	$15.60	$16.62	6.1%

Groceries

Item	Chillicothe	National avg.	Difference
Ground Beef	$4.70	$4.98	5.6%
Fried Chicken	$1.90	$1.58	19.9%
Milk	$2.42	$2.42	0.1%
Potatoes	$2.70	$3.54	23.7%
Pizza	$11.22	$11.49	2.4%
Beer	$9.20	$10.04	8.4%

Health Care

Item	Chillicothe	National avg.	Difference
Optometrist	$89.60	$117.76	23.9%
Doctor	$90.64	$125.34	27.7%
Dentist	$101.00	$107.52	6.1%
Ibuprofen	$10.34	$10.26	0.8%
Lipitor	$472.68	$459.24	2.9%

Housing

Item	Chillicothe	National avg.	Difference
Home Price	$90,900.00	$184,700.00	50.8%
Avg. Mortgage Payment	$1,768.20	$1,697.41	4.2%
Apartment Rent	$694.00	$949.00	26.9%

Transportation

Item	Chillicothe	National avg.	Difference
Gasoline	$3.40	$3.85	11.6%
Tire Balancing	$47.24	$57.01	17.1%

Utilities

Item	Chillicothe	National avg.	Difference
All Electricity	$177.31	$177.27	0.0%
Phone	$198.58	$189.62	4.7%

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	Population	Cost of Living Index	National Avg.
Dawn, MO	102	92	8.0%
Ludlow, MO	200	74	26.2%
Breckenridge, MO	492	75	25.4%
Jamesport, MO	585	76	24.5%
Hale, MO	445	81	19.4%
Chillicothe, MO	9,106	80	19.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Haiku-Pauwela, HI	9,107	192	91.7%
Wheatland County, AB	9,103	n/a
Tuba City, AZ	9,098	89	11.5%
Greenville, RI	9,114	120	19.6%
New Glasgow, NS	9,114	n/a
Chillicothe, MO	9,106	80	19.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.