A+
18%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
45%
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 Bellefontaine Neighbors Missouri National
Cost of living8288100
Goods & Services9292100
Groceries9795100
Health care8990100
Housing5578100
Transportation9491100
Utilities10299100

An Overview of Cost of Living in Bellefontaine Neighbors, MO

The cost of living in Bellefontaine Neighbors 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 Bellefontaine Neighbors is 82, which is 18% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Bellefontaine Neighbors distinguishes itself by reporting housing expenses that are 44.8% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Bellefontaine Neighbors can allocate more of their income to housing, enhancing their financial flexibility.

Is Bellefontaine Neighbors Affordable?

Is Bellefontaine Neighbors 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 Bellefontaine Neighbors, the median home price is 65.9% lower than what most folks pay across the country, and monthly rent prices are 4.4% higher than the usual rates. Income levels in Bellefontaine Neighbors come in at $41,815, which is 24.4% lower than the national average.

What Factors can Influence the Cost of Living in Bellefontaine Neighbors?

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Bellefontaine Neighbors, the transportation index is 6.5% lower than the national average.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Bellefontaine Neighbors, healthcare costs are 11.3% 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 Bellefontaine Neighbors, the general sales tax rate starts at 4.225%, and income tax rates begin at 1.5%.

Where is the Data From?

The Bellefontaine Neighbors 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.

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Cost Of Living Quick Facts

  • The cost of living in Bellefontaine Neighbors is 7% lower than the Missouri average
  • The cost of living in Bellefontaine Neighbors is 18% lower than the national average
  • Bellefontaine Neighbors housing is 45% lower than the national average
  • Missouri general sales tax is 17% lower than the national average
  • Missouri state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Bellefontaine Neighbors

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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$53,475$4,456$1,248$1,604
      Renters$26,439$2,203$617$793
      A good indicator of the general affordability of housing in Bellefontaine Neighbors, 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 Bellefontaine Neighbors, the median monthly income is $53,475 for those who own their own homes. Under the standard rule, that income level would allow for $1,248 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,439, per the median income in the area. That would allow for renters to spend up to $617 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 2% 4.95%

      Goods & Services

      Item Bellefontaine Neighbors 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 Bellefontaine Neighbors 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 Bellefontaine Neighbors 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 Bellefontaine Neighbors National avg. Difference
      Home Price $62,900.00$184,700.0065.9%
      Avg. Mortgage Payment $1,737.43$2,346.6926.0%
      Apartment Rent $991.00$949.004.4%

      Transportation

      Item Bellefontaine Neighbors National avg. Difference
      Gasoline $3.20$3.467.6%
      Tire Balancing $50.00$59.9216.6%

      Utilities

      Item Bellefontaine Neighbors 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%
      Bellefontaine Neighbors, MO10,4418217.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Barrington, IL10,44214040.1%
      Budd Lake, NJ10,44412120.6%
      Elizabethtown-Kitley, ON10,437n/a 
      Ponoka County, AB10,437n/a 
      Mount Sinai, NY10,44615252.4%
      Bellefontaine Neighbors, MO10,4418217.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.