A-
4%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
22%
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 Oakville Missouri National
Cost of living10490100
Groceries9696100
Health care9797100
Housing12277100
Transportation9896100
Utilities9995100
Lifestyle & Entertainment9295100
Household Items9697100
Education & Childcare9695100
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An Overview of Cost of Living in Oakville, MO

Are you thinking about relocating, but curious about the potential cost of living in Oakville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Oakville stands at 104, making it 4% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Oakville are priced in a manner consistent with other areas. This means that residents of Oakville can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Housing costs make up a big chunk of the cost of living in Oakville, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 21.8% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Oakville Affordable?

Is Oakville affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Oakville, the median home price is 31.7% higher than the national average and monthly rent prices are 1.2% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Oakville boasting a median household income of $127,927, 57.3% higher than the national average.

What Factors can Influence the Cost of Living in Oakville?

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Oakville, the utilities index registers at 1.5% lower than the national average.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Oakville, the transportation index is 1.9% lower than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Oakville, the healthcare costs are 2.7% lower than the national average.

Where is the Data From?

The cost of living data for Oakville shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.

Cost Of Living Quick Facts

  • The cost of living in Oakville is 15% higher than the Missouri average
  • The cost of living in Oakville is 4% higher than the national average
  • Oakville housing is 22% higher 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 Oakville

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Compare Oakville, MO Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$142,991$11,916$3,336$4,290
      Renters$65,425$5,452$1,526$1,963
      A good way to judge both the affordability of the housing and the cost of living in Oakville 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. Oakville has a median income of about $142,991 for people who own homes. Based on that number, a maximum of $3,336 should be spent on expenses related to housing. Renters have a slightly different median income, which is $65,425. Based on this average, renters should spend no more than $1,526 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.
      Floraville, IL31991.4%
      Paderborn, IL68991.4%
      Peaceful Village, MO956931.1%
      Brooklyn, IL4457426.2%
      East St. Louis, IL27,0337722.5%
      Oakville, MO37,4031044.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Brighton, NY37,4021099.1%
      Oakton, VA37,41316463.9%
      Bartlesville, OK37,3898910.8%
      Winchester, NV37,4191021.6%
      Prattville, AL37,437972.7%
      Oakville, MO37,4031044.0%
      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.