| Index | Troy | Missouri | National |
| Cost of living | 94 | 90 | 100 |
| Groceries | 95 | 96 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 88 | 77 | 100 |
| Transportation | 97 | 96 | 100 |
| Utilities | 97 | 95 | 100 |
| Lifestyle & Entertainment | 98 | 95 | 100 |
| Household Items | 96 | 97 | 100 |
| Education & Childcare | 91 | 95 | 100 |
The cost of living in Troy 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 Troy is 94, which is 6% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Troy are priced in a manner consistent with other areas. This means that residents of Troy can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Troy an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Troy, the median home price is 15% lower than what most folks pay across the country, and monthly rent prices are 3.5% lower than the usual rates. Income levels in Troy come in at $103,257, which is 27% higher 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 Troy, the transportation index is 3.4% lower than the national average.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Troy, the housing index comes in at 11.5% lower than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Troy, the general sales tax rate starts at 4.225%, and income tax rates begin at 2%.
The cost of living data for Troy 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 index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $116,460 | $9,705 | $2,717 | $3,494 |
| Renters | $59,191 | $4,933 | $1,381 | $1,776 |
| State | General Sales Tax | With Max Surtax |
| Missouri | 4.225% | 10.85% |
| State | Income Tax (Low) | Income Tax (High) |
| Missouri | 2% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Silex, MO | 70 | 96 | 4.0% |
| Pendleton, MO | 33 | 96 | 4.0% |
| Cave, MO | 3 | 96 | 4.0% |
| Fountain N' Lakes, MO | 241 | 82 | 18.1% |
| Elsberry, MO | 2,078 | 86 | 13.7% |
| Troy, MO | 12,706 | 94 | 6.3% |
| City | Population | Cost of Living Index | National Avg. |
| Tamalpais-Homestead Valley, CA | 12,704 | 264 | 164.4% |
| Speedway, IN | 12,709 | 92 | 8.1% |
| Broussard, LA | 12,710 | 103 | 3.0% |
| Northlake, IL | 12,696 | 102 | 1.7% |
| Marysville, CA | 12,718 | 117 | 16.7% |
| Troy, MO | 12,706 | 94 | 6.3% |
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