Cost Of Living in Hollister, MO

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	Hollister	Missouri	National
Cost of living	84	88	100
Goods & Services	89	92	100
Groceries	94	95	100
Health care	95	90	100
Housing	71	78	100
Transportation	90	91	100
Utilities	80	99	100

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Cost Of Living Quick Facts

The cost of living in Hollister is 5% lower than the Missouri average
The cost of living in Hollister is 16% lower than the national average
Hollister housing is 29% 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

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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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$55,511	$4,626	$1,295	$1,665
Renters	$30,833	$2,569	$719	$925

A good indicator of the general affordability of housing in Hollister, 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 Hollister, the median monthly income is $55,511 for those who own their own homes. Under the standard rule, that income level would allow for $1,295 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $30,833, per the median income in the area. That would allow for renters to spend up to $719 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	Hollister	National avg.	Difference
Haircut	$20.90	$24.26	13.9%
Beauty Salon	$43.40	$45.56	4.7%
Toothpaste	$3.69	$3.70	0.2%
Shampoo	$1.43	$1.28	11.9%
Movie	$11.45	$12.13	5.7%
Bowling	$20.06	$18.00	11.5%

Groceries

Item	Hollister	National avg.	Difference
Ground Beef	$5.93	$5.84	1.5%
Fried Chicken	$1.37	$1.57	12.7%
Milk	$4.65	$4.67	0.5%
Potatoes	$4.78	$4.93	3.1%
Pizza	$10.93	$12.09	9.6%
Beer	$9.53	$10.41	8.5%

Health Care

Item	Hollister	National avg.	Difference
Optometrist	$87.72	$125.68	30.2%
Doctor	$89.65	$135.78	34.0%
Dentist	$114.22	$113.29	0.8%
Ibuprofen	$10.47	$10.65	1.7%
Lipitor	$495.14	$468.60	5.7%

Housing

Item	Hollister	National avg.	Difference
Home Price	$127,700.00	$184,700.00	30.9%
Avg. Mortgage Payment	$1,859.59	$2,346.69	20.8%
Apartment Rent	$714.00	$949.00	24.8%

Transportation

Item	Hollister	National avg.	Difference
Gasoline	$3.49	$3.46	0.8%
Tire Balancing	$45.32	$59.92	24.4%

Utilities

Item	Hollister	National avg.	Difference
All Electricity	$193.72	$193.99	0.1%
Phone	$200.43	$192.25	4.3%

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.
Blue Eye, AR	81	89	10.7%
McCord Bend, MO	395	74	26.5%
Bull Creek, MO	527	74	25.8%
Kissee Mills, MO	1,128	76	24.0%
Omaha, AR	75	77	23.0%
Hollister, MO	4,564	84	16.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Williamstown, MA	4,565	123	23.4%
Cowichan Valley E, BC	4,562	n/a
Rio Communities, NM	4,566	92	7.7%
Raynham Center, MA	4,561	133	32.6%
Portola Valley, CA	4,568	342	242.3%
Hollister, MO	4,564	84	16.2%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Hollister, MO