Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Eldon, Missouri is a small-sized city with a population of 4,671 residents. According to the most recent Census, 99% of Eldon residents are White, 0% Black and 0% Asian. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Eldon is the right fit for you, your one way commute time will average 24 minutes, which is about average when compared to the national commute time of 26 minutes.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Eldon, Missouri could be a great experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like crime, cost of living, education, employment, housing, you can easily compare the best places to live in Eldon and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Eldon to Missouri and the national average.
With a livability score of 64 out of 100, Eldon is ranked #11,884 in the United States and #252 in Missouri. If we examine each of the categories individually, we see that Eldon ranks well for crime (B-), cost of living (A+) and housing (A-). There are some categories that Eldon does not rank well for, including: amenities (F) and employment (D). It might be worth taking a closer look to figure out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Eldon, the unemployment rate stands at 0.81%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
Finding affordable real estate and housing in Eldon can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Eldon is actually affordable. The median home price for Eldon homes is $96,300, which is 31.8% lower than the Missouri average. If we take a closer look at the affordability of homes in Eldon, we’ll see that the home price to income ratio is 2.5, which is 13.8% lower than the Missouri average.
| Statistic | Eldon | Missouri | National |
| Average one way commute | 24min | 23min | 26min |
| Workers who drive to work | 80.9% | 81.6% | 76.4% |
| Workers who carpool | 13.3% | 9.1% | 9.3% |
| Workers who take public transit | 0.1% | 1.5% | 5.1% |
| Workers who bicycle | 0.1% | 0.3% | 0.6% |
| Workers who walk | 2.6% | 1.9% | 2.8% |
| Working from home | 3.0% | 4.6% | 4.6% |
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