A+
14%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
28%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Sikeston Missouri National
Cost of living8688100
Goods & Services9592100
Groceries9595100
Health care7790100
Housing7278100
Transportation8891100
Utilities8999100

An Overview of Cost of Living in Sikeston, MO

The cost of living in Sikeston affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Sikeston is 86, which is 14% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Is Sikeston Affordable?

Is Sikeston 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 Sikeston, the median home price is 29.4% lower than the national average and monthly rent prices are 23.1% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Sikeston boasting a median household income of $42,702, 22.8% lower than the national average.

What Factors can Influence the Cost of Living in Sikeston?

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Sikeston, the groceries index is 5.2% lower than the national average.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Sikeston, is 27.5% lower than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Sikeston, healthcare costs are 22.7% lower than the national average.

Where is the Data From?

The cost of living data in Sikeston displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Sikeston is 3% lower than the Missouri average
  • The cost of living in Sikeston is 14% lower than the national average
  • Sikeston housing is 28% lower than the national average
  • Missouri general sales tax is 17% lower than the national average
  • Missouri state income tax is 34% lower than the national average

Most Affordable Places to Live in and Around Sikeston

See all the best places to live around Sikeston

Compare Sikeston, 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$55,000$4,583$1,283$1,650
      Renters$27,455$2,288$641$824
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Sikeston, MO, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Sikeston, homeowners have a median income of $55,000. Using that number, a maximum of $1,283 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $27,455, which means there is a maximum of $641 to be spent on the costs of renting a home or apartment.

      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 1.5% 5.3%

      Goods & Services

      Item Sikeston National avg. Difference
      Haircut $22.59$24.266.9%
      Beauty Salon $43.68$45.564.1%
      Toothpaste $3.59$3.703.0%
      Shampoo $1.06$1.2817.4%
      Movie $13.11$12.138.1%
      Bowling $14.38$18.0020.1%

      Groceries

      Item Sikeston National avg. Difference
      Ground Beef $5.34$5.848.5%
      Fried Chicken $1.38$1.5712.4%
      Milk $4.52$4.673.3%
      Potatoes $5.34$4.938.3%
      Pizza $11.64$12.093.7%
      Beer $10.04$10.413.6%

      Health Care

      Item Sikeston National avg. Difference
      Optometrist $113.05$125.6810.1%
      Doctor $121.20$135.7810.7%
      Dentist $93.91$113.2917.1%
      Ibuprofen $10.17$10.654.5%
      Lipitor $454.83$468.602.9%

      Housing

      Item Sikeston National avg. Difference
      Home Price $130,400.00$184,700.0029.4%
      Avg. Mortgage Payment $2,005.46$2,346.6914.5%
      Apartment Rent $730.00$949.0023.1%

      Transportation

      Item Sikeston National avg. Difference
      Gasoline $3.12$3.469.9%
      Tire Balancing $51.88$59.9213.4%

      Utilities

      Item Sikeston National avg. Difference
      All Electricity $163.75$193.9915.6%
      Phone $204.07$192.256.1%
      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 Population Cost of Living Index National Avg.
      Lambert, MO26928.0%
      Grayridge, MO147928.0%
      Baker, MO0928.0%
      Canalou, MO1866930.8%
      Bell City, MO4947128.9%
      Sikeston, MO16,6648613.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Truckee, CA16,66615757.4%
      Madison, NJ16,64717272.4%
      McKinleyville, CA16,64512221.7%
      Mount Vernon, OH16,6848712.7%
      Tahlequah, OK16,6848613.6%
      Sikeston, MO16,6648613.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.