Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Employment
This area earns a low score in the employment category due to low household income levels and high unemployment rates, which may pose challenges in seeking job opportunities.
Health & Safety
Subpar air quality and the limited availability of certain health-related facilities such as hospitals, police stations, doctors and pharmacies may have contributed to the low score in this category.
Located in the state of Missouri, Versailles is a small city with a population of 3,098 residents. At 93%, the majority of the Versailles population is White; this is followed by 1% Black and 0% Asian. All the single ladies and all the single fellas might want to take notice as only 50% of the Versailles population is married. Not a fan of sitting in traffic during your commute to work? Versailles offers shorter work commutes, with an average one-way commute time taking only 19 minutes, far lower than the national average of 26 minutes.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Versailles, Missouri could be a great experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Versailles and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes commute, health & safety, housing and other important metrics.
Versailles has a livability score of 62/100 and is ranked #367 in Missouri and #16,324 in the USA. For each of the livability categories, we can establish that Versailles ranks very well for crime (B+), cost of living (A+) and housing (A). Versailles does not do well for the following: amenities (F), education (D) and employment (F). It might be a smart idea to take a closer look at each category to find out why.
Achieving a cost-effective lifestyle can be pivotal in managing your monthly expenditures, especially given the ongoing upward trajectory of everday goods and housing prices. In Versailles, residents are fortunate to experience a cost of living that is 20.21% below the national average. This advantageous positioning extends its impact to a wide spectrum of expenses, encompassing not only goods and services but also transportation and health care costs. As a result, this area stands out as a place where your money stretches further, ensuring that you can maintain a more economical and sustainable lifestyle. This affordability becomes increasingly valuable in an era marked by soaring costs, making Versailles an attractive choice for those seeking financial prudence without compromising on quality of life.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and can help foster positive community dynamics and social cohesion. Versailles has a violent crime rate of 112 crimes per 100,000 residents which is far lower than the national average.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Versailles excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Versailles real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Versailles. The median home price for Versailles homes is $152,283, which is 39% lower than the Missouri average. If we take a closer look at the affordability of homes in Versailles, we’ll see that the home price to income ratio is 4, which is 17.6% higher than the Missouri average.
| Statistic | Versailles | Missouri | National |
| Average one way commute | 19min | 23min | 26min |
| Workers who drive to work | 70.0% | 81.6% | 76.4% |
| Workers who carpool | 20.5% | 9.1% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.5% | 0.3% | 0.6% |
| Workers who walk | 5.7% | 1.9% | 2.8% |
| Working from home | 3.3% | 4.6% | 4.6% |
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