A+
16%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
40%
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 St. Ann Missouri National
Cost of living8488100
Goods & Services9292100
Groceries9795100
Health care8990100
Housing6078100
Transportation9491100
Utilities10299100

An Overview of Cost of Living in St. Ann, MO

The cost of living in St. Ann 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 St. Ann is 84, which is 16% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

It's not uncommon for housing expenses to eat up a substantial portion of your income, oten exceeding 30%. The good news is that St. Ann stands out by reporting housing costs that are 40.4% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more affordable compared to the rest of the country. This favorable housing situation allows residents to allocate a more manageable portion of their income to housing, resulting in greater financial flexibility.

Is St. Ann Affordable?

Is St. Ann an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in St. Ann is 50.2% lower than the national average, while the average monthly rent prices are 17.6% lower than average. The affordability of any location can also be influenced by median income levels. St. Ann has a median household income of $47,994, which is 13.2% lower than the national average.

What Factors can Influence the Cost of Living in St. Ann?

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in St. Ann starts at 4.225% and the income tax rates start at 1.5%.

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 St. Ann, the utilities index registers at 1.7% higher than the national average.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Where is the Data From?

The cost of living data in St. Ann 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 St. Ann is 5% lower than the Missouri average
  • The cost of living in St. Ann is 16% lower than the national average
  • St. Ann housing is 40% 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 St. Ann

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Compare St. Ann, 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$62,995$5,250$1,470$1,890
      Renters$35,854$2,988$837$1,076
      A good indicator of the general affordability of housing in St. Ann, MO, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In St. Ann, the median monthly income is $62,995 for those who own their own homes. Under the standard rule, that income level would allow for $1,470 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $35,854, per the median income in the area. That would allow for renters to spend up to $837 on monthly rental expenses.

      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 St. Ann National avg. Difference
      Haircut $21.19$24.2612.7%
      Beauty Salon $40.57$45.5611.0%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.11$1.2813.3%
      Movie $11.28$12.137.1%
      Bowling $16.92$18.006.0%

      Groceries

      Item St. Ann National avg. Difference
      Ground Beef $6.40$5.849.7%
      Fried Chicken $1.36$1.5713.3%
      Milk $4.50$4.673.7%
      Potatoes $5.28$4.936.9%
      Pizza $10.84$12.0910.3%
      Beer $9.47$10.419.1%

      Health Care

      Item St. Ann National avg. Difference
      Optometrist $125.72$125.680.0%
      Doctor $124.51$135.788.3%
      Dentist $100.78$113.2911.0%
      Ibuprofen $10.14$10.654.8%
      Lipitor $520.16$468.6011.0%

      Housing

      Item St. Ann National avg. Difference
      Home Price $92,000.00$184,700.0050.2%
      Avg. Mortgage Payment $1,737.43$2,346.6926.0%
      Apartment Rent $782.00$949.0017.6%

      Transportation

      Item St. Ann National avg. Difference
      Gasoline $3.20$3.467.6%
      Tire Balancing $50.00$59.9216.6%

      Utilities

      Item St. Ann National avg. Difference
      All Electricity $133.84$193.9931.0%
      Phone $188.69$192.251.9%
      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.
      Champ, MO3945.9%
      Brooklyn, IL4287327.0%
      East St. Louis, IL26,3597723.4%
      East Carondelet, IL3177723.2%
      Alorton, IL2,0777723.2%
      St. Ann, MO12,6898416.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Crowley, LA12,6898910.9%
      Echelon, NJ12,68711313.1%
      Endicott, NY12,6848613.7%
      Meadville, PA12,684919.5%
      Fulton, MO12,6968614.2%
      St. Ann, MO12,6898416.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.