Cost of living in Arnold research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Arnold is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Missouri, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Arnold is 93, with 100 being the average.
The cost of living index in Arnold is 0.9x lower than the national average.
Arnold ranks as the #95 cheapest in Missouri out of 143.
Arnold ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Arnold is $168,400.
The median income in Arnold is $63,755.
According to the most recent data on the cost of living, Arnold has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Missouri, Arnold has a cost of living index that's 1.0x higher than Missouri's index of 89.
The standard of living in Arnold ranks as #95 most affordable out of the 143 places we measured in Missouri. By definition, that implies Arnold ranks as the #48 most expensive place in the Show Me State.
For more reading on life in Arnold, check out:
Six factors go into calculating the cost of living index in Arnold. Here is how it fairs on each of the criteria:
The Services index in Arnold is 95.
The Groceries index in Arnold is 103.
The Health index in Arnold is 90.
The Housing index in Arnold is 86.
The Transportation index in Arnold is 91.
The Utilities index in Arnold is 95.
|Living Expense||Arnold||Missouri||National Average|
Housing swings affordability the most between places in Missouri, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Arnold is $168,400.
The Median Rent in Arnold is $1,022.
The Median Income in Arnold is $63,755.
The Home Value To Income in Arnold is 2.6x.
The Rent To Monthly Income in Arnold is 0.19x.
|Median Home Value||$168,400||$171,800||$244,900|
|Home Value To Income||2.6x||2.8x||3.5x|
|Rent To Monthly Income||0.19x||0.17x||0.2x|
The cost of living varies in the cities and towns around Arnold. Here's a quick look at the cost of living in the most populous nearby places:
Chesterfield, MO has a cost of living index of 117, 1.3x Arnold.
Wildwood, MO has a cost of living index of 118, 1.3x Arnold.
Oakville, MO has a cost of living index of 99, 1.1x Arnold.
|City||Population||Cost Of Living||Vs. Arnold|
|Webster Groves, MO||23,817||105||1.1x|
|Town and Country, MO||11,440||151||1.6x|