Cost Of Living in Palmyra, MO

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11%

Overall NAT. AVG.

2%

Groceries NAT. AVG.

35%

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	Palmyra	Missouri	National
Cost of living	89	90	100
Groceries	98	96	100
Health care	99	97	100
Housing	65	77	100
Transportation	100	96	100
Utilities	99	95	100
Lifestyle & Entertainment	100	95	100
Household Items	101	97	100
Education & Childcare	95	95	100

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Homes For Sale In Palmyra, MO

508 Gene Ave

Palmyra, MO

106 Janet Trl

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Palmyra, MO

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Cost Of Living Quick Facts

The cost of living in Palmyra is 2% lower than the Missouri average
The cost of living in Palmyra is 11% lower than the national average
Palmyra housing is 35% 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

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$82,430	$6,869	$1,923	$2,473
Renters	$40,341	$3,362	$941	$1,210

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.
Ewing, MO	440	80	19.6%
New London, MO	936	84	16.3%
Monroe City, MO	2,881	87	12.6%
Hannibal, MO	17,980	88	11.7%
Quincy, IL	41,163	89	10.7%
Palmyra, MO	3,744	89	11.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Wrightsville, GA	3,744	83	17.3%
Fairbury, IL	3,744	90	9.8%
Marshall, IL	3,744	86	13.8%
Northfield, OH	3,744	89	10.5%
Vandenberg AFB, CA	3,743	146	45.7%
Palmyra, MO	3,744	89	11.4%

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.

Cost of Living in Palmyra, MO

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Cost Of Living Quick Facts

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Median Income & Debt-To-Income Ratio

Missouri Sales Tax

Missouri Income Tax

Nearby cities with low cost of living

Cities with similar population