A+
8%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
14%
Housing NAT. AVG.
Search Homes for Sale
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 Warrensburg Missouri National
Cost of living9288100
Goods & Services9292100
Groceries9795100
Health care8490100
Housing8678100
Transportation8991100
Utilities10999100

An Overview of Cost of Living in Warrensburg, MO

The cost of living in Warrensburg 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 Warrensburg is 92, which is 8% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Warrensburg is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Is Warrensburg Affordable?

Is Warrensburg 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 Warrensburg, the median home price is 11.3% lower than what most folks pay across the country, and monthly rent prices are 19.5% lower than the usual rates. Income levels in Warrensburg come in at $48,306, which is 12.7% lower than the national average.

What Factors can Influence the Cost of Living in Warrensburg?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Warrensburg, the standard sales tax rate starts at 4.225%, and the income tax rates commence at 1.5%.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Warrensburg, the groceries index is 3.5% lower than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Warrensburg comes in at 9% higher than the national average.

Where is the Data From?

The Warrensburg cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

New Real Estate Listings in Warrensburg Area
Search Homes for Sale in Warrensburg, MO

Cost Of Living Quick Facts

  • The cost of living in Warrensburg is 4% higher than the Missouri average
  • The cost of living in Warrensburg is 8% lower than the national average
  • Warrensburg housing is 14% 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 Warrensburg

See all the best places to live around Warrensburg

Compare Warrensburg, MO Cost of Living

      vs
      How would you rate the cost of living in Warrensburg?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Warrensburg?
      Write a review to give others more information about this area.
      See all Warrensburg poll results

      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$72,455$6,038$1,691$2,174
      Renters$31,439$2,620$734$943
      A good way to judge both the affordability of the housing and the cost of living in Warrensburg is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Warrensburg has a median income of about $72,455 for people who own homes. Based on that number, a maximum of $1,691 should be spent on expenses related to housing. Renters have a slightly different median income, which is $31,439. Based on this average, renters should spend no more than $734 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Warrensburg National avg. Difference
      Haircut $20.30$24.2616.3%
      Beauty Salon $33.43$45.5626.6%
      Toothpaste $3.70$3.700.2%
      Shampoo $1.42$1.2810.9%
      Movie $12.03$12.130.9%
      Bowling $15.57$18.0013.5%

      Groceries

      Item Warrensburg National avg. Difference
      Ground Beef $6.31$5.848.0%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.62$4.671.0%
      Potatoes $5.24$4.936.2%
      Pizza $11.48$12.095.0%
      Beer $9.39$10.419.8%

      Health Care

      Item Warrensburg National avg. Difference
      Optometrist $96.50$125.6823.2%
      Doctor $90.20$135.7833.6%
      Dentist $100.33$113.2911.4%
      Ibuprofen $10.67$10.650.2%
      Lipitor $474.53$468.601.3%

      Housing

      Item Warrensburg National avg. Difference
      Home Price $163,900.00$184,700.0011.3%
      Avg. Mortgage Payment $2,152.92$2,346.698.3%
      Apartment Rent $764.00$949.0019.5%

      Transportation

      Item Warrensburg National avg. Difference
      Gasoline $3.17$3.468.3%
      Tire Balancing $49.17$59.9217.9%

      Utilities

      Item Warrensburg National avg. Difference
      All Electricity $217.10$193.9911.9%
      Phone $199.94$192.254.0%
      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.
      Chilhowee, MO3827624.3%
      Centerview, MO2568119.2%
      Leeton, MO6128218.1%
      Lake Lafayette, MO2848217.7%
      Emma, MO2088416.4%
      Warrensburg, MO20,313928.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bayou Cane, LA20,307945.6%
      Ashland, OH20,3048713.5%
      Libertyville, IL20,30013736.8%
      Katy, TX20,2961043.8%
      Cherry Hill, VA20,34413131.1%
      Warrensburg, MO20,313928.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.