Cost of living in Boonville 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 Boonville 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 Boonville is 87, with 100 being the average.
The cost of living index in Boonville is 0.9x lower than the national average.
Boonville ranks as the #46 cheapest in Missouri out of 142.
Boonville ranks as the #777 cheapest out of 6,489 in the US.
The median home value in Boonville is $191,090.
The median income in Boonville is $51,321.
According to the most recent data on the cost of living, Boonville has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Missouri, Boonville has a cost of living index that's 1.0x lower than Missouri's index of 88.
The standard of living in Boonville ranks as #46 most affordable out of the 142 places we measured in Missouri. By definition, that implies Boonville ranks as the #96 most expensive place in the Show Me State.
For more reading on life in Boonville, check out:
Six factors go into calculating the cost of living index in Boonville. Here is how it fairs on each of the criteria:
The Services index in Boonville is 95.
The Groceries index in Boonville is 97.
The Health index in Boonville is 93.
The Housing index in Boonville is 73.
The Transportation index in Boonville is 91.
The Utilities index in Boonville is 94.
| Living Expense | Boonville | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 87 | 88 | 100 | |
| Services | 95 | 93 | 100 | |
| Groceries | 97 | 96 | 100 | |
| Health | 93 | 91 | 100 | |
| Housing | 73 | 78 | 100 | |
| Transportation | 91 | 90 | 100 | |
| Utilities | 94 | 99 | 100 | |
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 2019-2023. The key points are:
The Median Home Value in Boonville is $191,090.
The Median Rent in Boonville is $759.
The Median Income in Boonville is $51,321.
The Home Value To Income in Boonville is 3.7x.
The Rent To Monthly Income in Boonville is 0.18x.
The cost of living varies in the cities and towns around Boonville. Here's a quick look at the cost of living in the most populous nearby places:
Columbia, MO has a cost of living index of 98, 1.1x Boonville.
Sedalia, MO has a cost of living index of 85, 1.0x Boonville.
Jamestown, ND has a cost of living index of 90, 1.0x Boonville.
| City | Population | Cost Of Living | Vs. Boonville |
|---|---|---|---|
| Columbia, MO | 127,200 | 98 | 1.1x |
| Sedalia, MO | 21,869 | 85 | 1.0x |
| Jamestown, ND | 15,774 | 90 | 1.0x |
| Marshall, MO | 13,699 | 83 | 1.0x |
| Moberly, MO | 13,634 | 85 | 1.0x |
| Fulton, MO | 12,611 | 86 | 1.0x |
| Mexico, MO | 11,487 | 82 | 0.9x |