F
63%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
223%
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 Town and Country Missouri National
Cost of living16388100
Goods & Services9292100
Groceries9795100
Health care8990100
Housing32378100
Transportation9491100
Utilities10299100

An Overview of Cost of Living in Town and Country, MO

Understanding the cost of living in Town and Country 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 Town and Country cost of living index is 163, which is 63% higher 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.

The cost of living in Town and Country is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Town and Country falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs are a very significant part of the Town and Country cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 222.6% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Town and Country Affordable?

Wondering if Town and Country 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 Town and Country, for example, the median home price is 304.6% higher than what folks pay nationally, and monthly rent is 31.3% higher than the usual rates. Plus, income levels matter too, with Town and Country boasting a median household income of $202,974, which is 266.9% higher than the national average.

What Factors can Influence the Cost of Living in Town and Country?

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Town and Country, the utilities index registers at 1.7% higher than the national average.

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 Town and Country, the transportation index is 6.5% lower than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Town and Country, the groceries index is 3.1% lower than the national average.

Where is the Data From?

The Town and Country 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Town and Country is 84% higher than the Missouri average
  • The cost of living in Town and Country is 63% higher than the national average
  • Town and Country housing is 223% 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

Most Affordable Places to Live in and Around Town and Country

See all the best places to live around Town and Country

Compare Town and Country, 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$244,455$20,371$5,704$7,334
      Renters$0$0$0$0
      A good way to judge both the affordability of the housing and the cost of living in Town and Country 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. Town and Country has a median income of about $244,455 for people who own homes. Based on that number, a maximum of $5,704 should be spent on expenses related to housing. Renters have a slightly different median income, which is $0. Based on this average, renters should spend no more than $0 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 2% 4.95%

      Goods & Services

      Item Town and Country 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 Town and Country 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 Town and Country 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 Town and Country National avg. Difference
      Home Price $747,300.00$184,700.00304.6%
      Avg. Mortgage Payment $1,737.43$2,346.6926.0%
      Apartment Rent $1,246.00$949.0031.3%

      Transportation

      Item Town and Country National avg. Difference
      Gasoline $3.20$3.467.6%
      Tire Balancing $50.00$59.9216.6%

      Utilities

      Item Town and Country 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%
      Peaceful Village, MO926732.5%
      East Carondelet, IL3177723.2%
      Kinloch, MO3377822.4%
      Riverview, MO2,8487920.9%
      Town and Country, MO11,10916362.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Grosse Pointe Park, MI11,10812423.6%
      Yellowhead County, AB11,111n/a 
      South Huron, ON11,104n/a 
      Sechelt, BC11,114n/a 
      Lake Morton-Berrydale, WA11,11814443.7%
      Town and Country, MO11,10916362.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.