A+
16%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
40%
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 Moberly Missouri National
Cost of living8488100
Goods & Services9592100
Groceries9695100
Health care9390100
Housing6078100
Transportation9091100
Utilities9399100

An Overview of Cost of Living in Moberly, MO

Understanding the cost of living in Moberly can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Moberly cost of living index is 84, which is 16% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Moberly housing costs are 40.2% less than the national average, making this area an affordable place to live. Your net income can be heavily impacted by housing expenses, at times exceeding 30%. Fortunately, this area demonstrates that both homeownership and renting costs are significantly more budget-friendly than in the rest of the country. With such favorable housing affordability, Moberly residents can earmark a more manageable portion of their income to housing.

Is Moberly Affordable?

Wondering if Moberly is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Moberly, for example, the median home price is 44.6% lower than what folks pay nationally, and monthly rent is 29.9% lower than the usual rates. Plus, income levels matter too, with Moberly boasting a median household income of $39,327, which is 28.9% lower than the national average.

What Factors can Influence the Cost of Living in Moberly?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Moberly, the healthcare costs are 7.1% lower than the national average.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Moberly, the housing index is 40.2% lower than the national average.

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Moberly, the transportation index is 10.4% lower than the national average.

Where is the Data From?

The cost of living in Moberly, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Moberly is 5% lower than the Missouri average
  • The cost of living in Moberly is 16% lower than the national average
  • Moberly housing is 40% 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 Moberly

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Compare Moberly, MO Cost of Living

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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$59,659$4,972$1,392$1,790
      Renters$24,087$2,007$562$723
      To approximate the cost of living and the housing affordability in Moberly, MO, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Moberly have a median income of $59,659. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,392 per month to avoid calamity and poverty. The renters in the city have an income of about $24,087, which would make their monthly maximum allowable rental costs $562.

      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 Moberly National avg. Difference
      Haircut $24.14$24.260.5%
      Beauty Salon $44.94$45.561.4%
      Toothpaste $3.76$3.701.6%
      Shampoo $1.05$1.2817.7%
      Movie $11.64$12.134.0%
      Bowling $16.11$18.0010.5%

      Groceries

      Item Moberly National avg. Difference
      Ground Beef $6.28$5.847.5%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.66$4.670.3%
      Potatoes $4.70$4.934.7%
      Pizza $10.74$12.0911.1%
      Beer $9.14$10.4112.2%

      Health Care

      Item Moberly National avg. Difference
      Optometrist $135.25$125.687.6%
      Doctor $141.87$135.784.5%
      Dentist $99.33$113.2912.3%
      Ibuprofen $10.20$10.654.2%
      Lipitor $369.77$468.6021.1%

      Housing

      Item Moberly National avg. Difference
      Home Price $102,400.00$184,700.0044.6%
      Avg. Mortgage Payment $2,216.67$2,346.695.5%
      Apartment Rent $665.00$949.0029.9%

      Transportation

      Item Moberly National avg. Difference
      Gasoline $3.24$3.466.3%
      Tire Balancing $47.66$59.9220.5%

      Utilities

      Item Moberly National avg. Difference
      All Electricity $168.45$193.9913.2%
      Phone $197.21$192.252.6%
      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.
      Excello, MO29946.2%
      Jacksonville, MO1347327.0%
      Armstrong, MO2627525.3%
      Clifton Hill, MO767624.4%
      Higbee, MO5978020.4%
      Moberly, MO13,7108416.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      McMinnville, TN13,7078416.2%
      Waimalu, HI13,71415958.8%
      Alexandria, MN13,7051010.6%
      Parksville, BC13,705n/a 
      Lebanon, NH13,71812323.1%
      Moberly, MO13,7108416.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.