Grandview 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.
IndexGrandviewMissouriNational
Cost of living index9091100
IndexGrandviewMissouriNational
Goods & Services index10296100
Groceries index10499100
Health care index10799100
Housing index6378100
Transportation index9795100
Utilities index9898100
The above illustration supplies generalized information for the Grandview, MO cost of living index. Compared to other cities in Missouri and cities across the country, the cost of living index in Grandview, MO is 90, which is 1% lower than the Missouri average and 10% 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 Grandview, MO are 6% higher than the average for Missouri and 2% higher than the rest of the country.
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Did you know?

  • The cost of living in Grandview is 1% lower than the Missouri average.
  • The cost of living in Grandview is 10% lower than the national average.
  • The cost of housing in Grandview is 37% 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.

Compare Grandview, MO Cost of living To Other Cities

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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
      The salary calculator allows you to compare how much your current salary in Grandview, 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 Grandview, MO, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Grandview, 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$62,212$5,184$1,452$1,867
      Renters$32,172$2,681$751$965
      The affordability of the housing market in Grandview, MO as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Grandview, MO homeowners, the median income is $62,212. This indicates that a monthly maximum of $1,452 should be spent by homeowners on all housing related costs. Renters have a median income of $32,172. This indicates that renters should have a maximum of $751 used for their rent related monthly costs.

      Missouri Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Missouri4.225%10.85%

      Missouri Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Missouri1.5%5.4%
      When considering the overall cost of living expenses in Grandview, MO, it's important to take into account the sales tax for Missouri, as well as the rate for income tax in Missouri. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Missouri is 10.85%, and the sales tax in the state of Missouri is 4.225%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Missouri starts from 1.5% and goes up to 5.4%.

      Goods & Services

      ItemGrandviewNational avg.Difference
      Haircut $18.00$17.492.9%
      Beauty Salon $35.50$38.177.0%
      Toothpaste $1.95$2.3216.0%
      Shampoo $1.04$1.012.8%
      Movie $10.36$10.723.4%
      Bowling $17.40$13.8625.5%

      Groceries

      ItemGrandviewNational avg.Difference
      Ground Beef $4.69$3.9020.3%
      Fried Chicken $1.78$1.4027.5%
      Milk $2.08$1.966.0%
      Potatoes $3.06$3.183.9%
      Pizza $9.79$10.395.8%
      Beer $8.42$9.238.8%

      Health Care

      ItemGrandviewNational avg.Difference
      Optometrist $106.33$106.340.0%
      Doctor $136.48$115.2518.4%
      Dentist $103.00$98.384.7%
      Ibuprofen $8.98$9.263.0%
      Lipitor $491.85$466.475.4%

      Housing

      ItemGrandviewNational avg.Difference
      Home Price $102,700.00$184,700.0044.4%
      Avg. Mortgage Payment $977.42$1,273.3223.2%
      Apartment Rent $763.00$949.0019.6%

      Transportation

      ItemGrandviewNational avg.Difference
      Gasoline $2.55$2.591.8%
      Tire Balancing $47.90$48.902.0%

      Utilities

      ItemGrandviewNational avg.Difference
      All Electricity$156.97$167.606.3%
      Phone $186.87$163.4214.4%
      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.
      Baldwin Park, MO6083-17%
      Bucyrus, KS27686-14%
      Independence, MO117,21790-10%
      Raytown, MO29,36690-10%
      Peculiar, MO4,85693-7%
      Grandview, MO25,12690-10%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Westmont, IL25,14911717%
      Lockport, IL25,0961044%
      Maple Valley, WA25,09314242%
      Bailey's Crossroads, VA25,16913232%
      Lemoore, CA25,16911212%
      Grandview, MO25,12690-10%
      Source: The Grandview, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.