Cheapest Places to Live in Missouri

Access hyperlocal data to help you make a confident and informed decision.

Missouri, with its diverse landscapes, vibrant cities, and rich cultural heritage, offers a variety of living experiences. Landmarks such as the Gateway Arch in St. Louis, the Harry S. Truman Library, and Branson's entertainment venues highlight the state's appeal. The state's economy is robust and diverse, driven by sectors such as agriculture, manufacturing, and healthcare. Missouri's tax structure includes moderate income and property taxes, which contribute to its overall affordability. Despite recent inflation and rising food costs, Missouri remains one of the more affordable states in the Midwest, especially in its smaller towns and rural areas. The combination of a diverse economy and manageable living costs makes Missouri an attractive place for those seeking affordability and quality of life.

Affordable living in Missouri can often be found in smaller towns and suburban areas where housing costs and everyday expenses are lower. These regions provide a more manageable cost of living, which is essential for maintaining financial stability. Affordability is a crucial factor in livability, as it allows residents to enjoy a comfortable standard of living without undue financial strain. Factors contributing to the cheapest places to live in Missouri include lower housing demand in less populated areas, supportive local economic policies, and efficient public services. Using AI-assisted city-level cost of living estimates, supported by U.S. Census housing data and regional economic modeling, helps identify these affordable regions and gives potential residents a practical way to compare affordability from one city to the next. In a state known for its historical significance and economic opportunities, finding affordable living options enhances the overall living experience.

Nevada Population: 8,454 11% cheaper than Missouri average

Med. Home Value: $128,922 Med. Rent: $956 Med. Household Inc.: $54,832

With a cost of living index that is 11% cheaper than the state average, Nevada is the cheapest place to live in Missouri. This area offers residents a remarkable blend of relatively low housing costs, budget-friendly grocery prices, affordable utilities, and economical health care services, making it an attractive destination for those seeking to stretch their dollars further. Whether you're a young professional, a growing family, or someone looking to enjoy a more relaxed pace of life, Nevada provides an inviting and cost-effective environment to call home.

Salem Population: 5,099 11% cheaper than Missouri average

Med. Home Value: $129,427 Med. Rent: $788 Med. Household Inc.: $42,403

The second most affordable city in Missouri is Salem and stands out for its cost-effective lifestyle. With an overall cost of living that is 11% cheaper than the Missouri average, overall goods and services, housing, utilities, transportation and health care costs fall within a reasonable range. Median household income levels are steady and come in at , which helps to increase the purchasing power of the local residents.

Charleston Population: 5,691 10% cheaper than Missouri average

Med. Home Value: $117,256 Med. Rent: $985 Med. Household Inc.: $46,417

Charleston lands in the #3 spot for the cheapest cities to live in Missouri, with a cost of living that is 10% cheaper than the state average. With home prices averaging and rental rates coming in around , it helps that household income levels average about , which assists with paying the mortgage or your monthly rent. Its robust public school system and accessible health care further enhance its appeal, making it a great place to settle down. The strong community spirit and ample recreational opportunities add to its charm.

Kennett Population: 10,386 9% cheaper than Missouri average

Med. Home Value: $167,142 Med. Rent: $799 Med. Household Inc.: $59,833

The cost of everyday grocery items, goods & services and of course housing, can have a significant impact on the overall cost of living in any area. Kennett offers a picturesque and affordable living environment, with a cost of living that is 9% cheaper than the state average. Everyday items like ground beef , eggs , coffee and pizza are all fairly reasonable compared to most other cities, which helps reduce those grocery bills. Home prices are also fairly affordable (compared to the state average), coming in at around .

Glasgow Village Population: 5,464 9% cheaper than Missouri average

Med. Home Value: $81,781 Med. Rent: $1,570 Med. Household Inc.: $59,263

For those wanting to live well on a budget, Glasgow Village is ideal, with a cost of living that is 9% cheaper than the state average. Reasonable housing prices (compared to the Missouri average) of and rental prices of are paired with economical goods and services and a range of free or low-cost recreational activities. The city's proactive economic development initiatives also ensure a steady stream of job opportunities, making it a smart choice for those prioritizing financial ease.

Bowling Green Population: 5,376 9% cheaper than Missouri average

Med. Home Value: $149,024 Med. Rent: $930 Med. Household Inc.: $55,444

Bowling Green comes in at #6 on our list of the cheapest cities in Missouri and is a haven for those seeking affordability without sacrificing convenience. The city is known for its discount shopping centers and budget-friendly dining options and has a cost of living that is 9% cheaper than Missouri. The city's local markets provide fresh produce and other groceries at reduced prices, while parks and community centers offer free entertainment and leisure. This city is perfect for enjoying a high quality of life at a low cost.

Jennings Population: 15,259 9% cheaper than Missouri average

Med. Home Value: $110,970 Med. Rent: $1,197 Med. Household Inc.: $48,228

With its cost-effective lifestyle, Jennings is an attractive destination for those looking to live affordably. The city boasts suitable housing costs, affordable healthcare, and a variety of budget-friendly dining options. The community is welcoming and vibrant, providing residents with a rich social life at a fraction of the cost. Median income levels come in at , which provides financial stability, purchasing power and increases the quality of life in the city.

Park Hills Population: 8,743 8% cheaper than Missouri average

Med. Home Value: $149,568 Med. Rent: $950 Med. Household Inc.: $55,591

A lower cost of living allows individuals to manage their expenses more effectively, reducing the risk of financial stress and debt. When essential costs such as housing, food, transportation, and healthcare are more affordable, people can achieve greater financial stability and resilience. Park Hills fits that mold and has a cost of living that is 8% cheaper than Missouri.

Aurora Population: 7,709 8% cheaper than Missouri average

Med. Home Value: $153,594 Med. Rent: $1,106 Med. Household Inc.: $53,226

Lower living costs can lead to a higher quality of life by making it easier for people to afford comfortable housing, nutritious food, and access to healthcare. It can also provide opportunities for better education, recreational activities, and community engagement, contributing to overall well-being. Aurora is one of the most affordable cities in Missouri, and has a cost of living that is 8% cheaper than the state average.

Carthage Population: 15,195 7% cheaper than Missouri average

Med. Home Value: $158,938 Med. Rent: $1,164 Med. Household Inc.: $58,369

With a cost of living that is 7% cheaper than Missouri, Carthage comes in at #10 on our list of the cheapest places to live in Missouri. Financial stress is a significant factor affecting mental and physical health. By lowering the cost of living, individuals can experience reduced anxiety related to meeting monthly expenses, thereby improving overall health and well-being. The ability to afford basic necessities without constant worry contributes to a more balanced and fulfilling life.

Full list of the cheapest places in Missouri

Rank	Location	Population	COL Index	Med. Home Value	Med. Household Inc.
1	Nevada	8,454	80	$128,922	$54,832
2	Salem	5,099	80	$129,427	$42,403
3	Charleston	5,691	82	$117,256	$46,417
4	Kennett	10,386	82	$167,142	$59,833
5	Glasgow Village	5,464	82	$81,781	$59,263
6	Bowling Green	5,376	83	$149,024	$55,444
7	Jennings	15,259	83	$110,970	$48,228
8	Park Hills	8,743	83	$149,568	$55,591
9	Aurora	7,709	84	$153,594	$53,226
10	Carthage	15,195	84	$158,938	$58,369
11	Dexter	8,103	84	$150,342	$58,527
12	West Plains	12,673	84	$169,615	$55,093
13	Bellefontaine Neighbors	10,655	84	$111,864	$62,379
14	Berkeley	9,124	84	$115,127	$51,573
15	Trenton	5,850	84	$170,030	$67,432
16	Macon	5,481	84	$163,599	$56,983
17	Mexico	11,861	84	$156,502	$61,797
18	Chillicothe	9,377	84	$161,467	$66,671
19	Neosho	12,375	84	$177,087	$65,594
20	Desloge	5,079	84	$176,578	$75,149
21	Monett	9,297	84	$175,147	$57,971
22	Richmond	5,739	85	$179,285	$83,727
23	Ferguson	21,445	85	$144,644	$55,811
24	Lebanon	15,221	85	$190,485	$61,925
25	Bonne Terre	7,250	86	$190,603	$61,013
26	Normandy	5,055	86	$139,605	$58,850
27	Moberly	14,143	86	$179,777	$59,041
28	St. Ann	13,143	86	$161,625	$70,440
29	Poplar Bluff	17,570	86	$185,443	$53,468
30	Dellwood	5,122	86	$131,048	$90,952
31	Clinton	9,037	86	$202,234	$58,313
32	Sedalia	22,119	86	$176,142	$61,791
33	St. John	6,577	86	$141,444	$80,760
34	Caruthersville	5,704	86	$184,096	$47,286
35	Spanish Lake	18,055	86	$176,809	$61,641
36	Sullivan	6,672	87	$198,758	$67,403
37	Webb City	12,139	87	$220,242	$80,115
38	Savannah	5,277	87	$205,086	$64,873
39	De Soto	6,612	87	$200,295	$59,001
40	Marshall	13,323	88	$207,071	$66,860
41	Springfield	173,433	88	$216,310	$56,757
42	Joplin	51,877	88	$224,964	$66,057
43	Overland	16,019	88	$163,923	$67,565
44	Marshfield	7,584	88	$239,806	$72,239
45	St. Joseph	77,382	88	$210,649	$71,612
46	Lemay	17,056	88	$201,393	$74,947
47	Hannibal	17,980	88	$203,400	$68,324
48	Kirksville	18,120	89	$209,836	$53,184
49	Raytown	30,162	89	$200,558	$83,161
50	Maryville	11,963	89	$237,947	$58,649

Methodology

To formulate the list of the cheapest places to live in Missouri, a city-level cost of living model was used with a national average baseline of 100. This framework is designed to provide a practical comparison of how far your dollar may go across different urban areas. Housing estimates incorporate the latest available U.S. Census home price and rental data, while all other values are generated using AI-assisted economic models based on expected everyday expenses, regional pricing trends, climate, transportation patterns, and local economic conditions. The overall index is weighted across key spending categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%).

Map of Cost of Living by State

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The map above is a great way to help you discover the most affordable states across the U.S. By highlighting states with the lowest cost of living, this map provides an in-depth look at where you can get the most value for your money. By visually representing this data, the map allows users to easily compare different regions and make informed decisions about potential relocations or investments. Additionally, it provides valuable insights into the economic conditions and lifestyle factors that influence these cost of living statistics. Whether you're planning a move, considering a new job, or simply curious about the economic landscape, this map is a useful resource for understanding and navigating the financial implications of living in different states.