Trenton cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexTrentonMissouriNational
Cost of living index8691100
IndexTrentonMissouriNational
Goods & Services index10296100
Groceries index10499100
Health care index10799100
Housing index5078100
Transportation index9795100
Utilities index9898100
An overview of the general cost of living index for Trenton, MO is displayed above for your reference. Residents in Trenton, MO enjoy a cost of living index of 86. This index is 6% lower than the Missouri average, and 14% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Trenton, MO, the average cost of goods and services is 6% higher than it is in Missouri, and it is 2% higher than the national average.
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Did you know?

  • The cost of living in Trenton is 6% lower than the Missouri average.
  • The cost of living in Trenton is 14% lower than the national average.
  • The cost of housing in Trenton is 50% lower than the national average.
  • Missouri general sales tax is 17% lower than the national average.
  • Missouri state income tax is 33% lower than the national average.

Compare Trenton, MO Cost of living To Other Cities

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator is used in order to provide a comparison of your current salary in Trenton, MO to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Trenton, MO, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Trenton, MO salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$55,060$4,588$1,285$1,652
      Renters$18,687$1,557$436$561
      The affordability of the housing market in Trenton, MO as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Trenton, MO homeowners, the median income is $55,060. This indicates that a monthly maximum of $1,285 should be spent by homeowners on all housing related costs. Renters have a median income of $18,687. This indicates that renters should have a maximum of $436 used for their rent related monthly costs.

      Missouri Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Missouri4.225%10.85%

      Missouri Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Missouri1.5%5.4%
      The Missouri sales tax and Missouri income tax rates should definitely be considered when determining the overall cost of living in Trenton, MO. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Missouri sales tax is 4.225% and the maximum surtax is 10.85%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Missouri income tax rates range from 1.5% to 5.4%.

      Goods & Services

      ItemTrentonNational avg.Difference
      Haircut $18.00$17.492.9%
      Beauty Salon $35.50$38.177.0%
      Toothpaste $1.95$2.3216.0%
      Shampoo $1.04$1.012.8%
      Movie $10.36$10.723.4%
      Bowling $17.40$13.8625.5%

      Groceries

      ItemTrentonNational avg.Difference
      Ground Beef $4.69$3.9020.3%
      Fried Chicken $1.78$1.4027.5%
      Milk $2.08$1.966.0%
      Potatoes $3.06$3.183.9%
      Pizza $9.79$10.395.8%
      Beer $8.42$9.238.8%

      Health Care

      ItemTrentonNational avg.Difference
      Optometrist $106.33$106.340.0%
      Doctor $136.48$115.2518.4%
      Dentist $103.00$98.384.7%
      Ibuprofen $8.98$9.263.0%
      Lipitor $491.85$466.475.4%

      Housing

      ItemTrentonNational avg.Difference
      Home Price $83,300.00$184,700.0054.9%
      Avg. Mortgage Payment $977.42$1,273.3223.2%
      Apartment Rent $576.00$949.0039.3%

      Transportation

      ItemTrentonNational avg.Difference
      Gasoline $2.55$2.591.8%
      Tire Balancing $47.90$48.902.0%

      Utilities

      ItemTrentonNational avg.Difference
      All Electricity$156.97$167.606.3%
      Phone $186.87$163.4214.4%
      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, StatePopulationCost of Living IndexNational Avg.
      Leisure Lake, MO1931011%
      Osgood, MO3494-6%
      Edinburg, MO1391011%
      Laredo, MO21777-23%
      Brimson, MO5878-22%
      Trenton, MO5,94686-14%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Watchung, NJ5,94417676%
      Old Tappan, NJ5,94218282%
      Caruthersville, MO5,94179-21%
      Fort Washington, PA5,95113939%
      District Heights, MD5,95111515%
      Trenton, MO5,94686-14%
      Source: The Trenton, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.