Cost of Living in Nevada, MO

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24%
Overall NAT. AVG.
6%
Groceries NAT. AVG.
53%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Nevada Missouri National
Cost of living7688100
Groceries9496100
Health care77100100
Housing4777100
Transportation8987100
Utilities9692100
Lifestyle & Entertainmentn/an/an/a
Household Itemsn/an/an/a
Education & Childcaren/an/an/a
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Homes For Sale In Nevada, MO

property for sale

1711 N Ash St

Nevada, MO
property for sale

21921 S BB Hwy

Nevada, MO
property for sale

325 S Ash St

Nevada, MO
property for sale

609 W Lee St

Nevada, MO
See the Newest Homes For Sale In Nevada, MO

Cost Of Living Quick Facts

  • The cost of living in Nevada is 14% lower than the Missouri average
  • The cost of living in Nevada is 24% lower than the national average
  • Nevada housing is 53% lower than the national average
  • Missouri general sales tax is 17% lower than the national average
  • Missouri state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Nevada

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Compare Nevada, MO Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$77,679$6,473$1,812$2,331
      Renters$33,436$2,786$780$1,003
      A good way to judge both the affordability of the housing and the cost of living in Nevada is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Nevada has a median income of about $77,679 for people who own homes. Based on that number, a maximum of $1,812 should be spent on expenses related to housing. Renters have a slightly different median income, which is $33,436. Based on this average, renters should spend no more than $780 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 2% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Milo, MO448812.3%
      Harwood, MO38812.3%
      Metz, MO176337.0%
      Stotesbury, MO86336.9%
      Richards, MO1196831.5%
      Nevada, MO8,4547624.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Milton, WA8,45413737.0%
      Cheviot, OH8,4538811.6%
      Mount Joy, PA8,4531033.3%
      Orono, MN8,45517272.1%
      Orting, WA8,45712828.4%
      Nevada, MO8,4547624.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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