Cost Of Living in Parkville, 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	Parkville	Missouri	National
Cost of living	122	88	100
Goods & Services	92	92	100
Groceries	97	95	100
Health care	84	90	100
Housing	186	78	100
Transportation	89	91	100
Utilities	109	99	100

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Cost Of Living Quick Facts

The cost of living in Parkville is 38% higher than the Missouri average
The cost of living in Parkville is 22% higher than the national average
Parkville housing is 86% higher 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	$163,466	$13,622	$3,814	$4,904
Renters	$54,833	$4,569	$1,279	$1,645

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Parkville, MO, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Parkville, homeowners have a median income of $163,466. Using that number, a maximum of $3,814 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $54,833, which means there is a maximum of $1,279 to be spent on the costs of renting a home or apartment.

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	Parkville	National avg.	Difference
Haircut	$20.30	$24.26	16.3%
Beauty Salon	$33.43	$45.56	26.6%
Toothpaste	$3.70	$3.70	0.2%
Shampoo	$1.42	$1.28	10.9%
Movie	$12.03	$12.13	0.9%
Bowling	$15.57	$18.00	13.5%

Groceries

Item	Parkville	National avg.	Difference
Ground Beef	$6.31	$5.84	8.0%
Fried Chicken	$1.40	$1.57	11.0%
Milk	$4.62	$4.67	1.0%
Potatoes	$5.24	$4.93	6.2%
Pizza	$11.48	$12.09	5.0%
Beer	$9.39	$10.41	9.8%

Health Care

Item	Parkville	National avg.	Difference
Optometrist	$96.50	$125.68	23.2%
Doctor	$90.20	$135.78	33.6%
Dentist	$100.33	$113.29	11.4%
Ibuprofen	$10.67	$10.65	0.2%
Lipitor	$474.53	$468.60	1.3%

Housing

Item	Parkville	National avg.	Difference
Home Price	$420,900.00	$184,700.00	127.9%
Avg. Mortgage Payment	$2,152.92	$2,346.69	8.3%
Apartment Rent	$847.00	$949.00	10.7%

Transportation

Item	Parkville	National avg.	Difference
Gasoline	$3.17	$3.46	8.3%
Tire Balancing	$49.17	$59.92	17.9%

Utilities

Item	Parkville	National avg.	Difference
All Electricity	$217.10	$193.99	11.9%
Phone	$199.94	$192.25	4.0%

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.
Ferrelview, MO	598	80	19.6%
Randolph, MO	28	82	18.3%
Sugar Creek, MO	3,281	83	16.6%
Kansas City, KS	153,014	86	14.2%
Claycomo, MO	1,786	86	13.9%
Parkville, MO	7,122	122	21.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Pacific, WA	7,122	127	27.3%
New London, WI	7,121	91	8.5%
South Patrick Shores, FL	7,124	114	14.0%
Indiantown, FL	7,125	85	14.8%
Portage Lakes, OH	7,126	91	8.5%
Parkville, MO	7,122	122	21.8%

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 Parkville, MO