Cost of living in De Soto 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 De Soto 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 De Soto is 81, with 100 being the average.
The cost of living index in De Soto is 0.8x lower than the national average.
De Soto ranks as the #9 cheapest in Missouri out of 143.
De Soto ranks as the #290 cheapest out of 6,412 in the US.
The median home value in De Soto is $119,000.
The median income in De Soto is $41,515.
According to the most recent data on the cost of living, De Soto has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Missouri, De Soto has a cost of living index that's 0.9x lower than Missouri's index of 89.
The standard of living in De Soto ranks as #9 most affordable out of the 143 places we measured in Missouri. By definition, that implies De Soto ranks as the #134 most expensive place in the Show Me State.
For more reading on life in De Soto, check out:
Six factors go into calculating the cost of living index in De Soto. Here is how it fairs on each of the criteria:
The Services index in De Soto is 95.
The Groceries index in De Soto is 104.
The Health index in De Soto is 89.
The Housing index in De Soto is 59.
The Transportation index in De Soto is 89.
The Utilities index in De Soto is 98.
|Living Expense||De Soto||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 De Soto is $119,000.
The Median Rent in De Soto is $831.
The Median Income in De Soto is $41,515.
The Home Value To Income in De Soto is 2.9x.
The Rent To Monthly Income in De Soto is 0.24x.
|Statistic||De Soto||Missouri||United States|
|Median Home Value||$119,000||$171,800||$244,900|
|Home Value To Income||2.9x||2.8x||3.5x|
|Rent To Monthly Income||0.24x||0.17x||0.2x|
The cost of living varies in the cities and towns around De Soto. Here's a quick look at the cost of living in the most populous nearby places:
Festus, MO has a cost of living index of 86, 1.1x De Soto.
Bonne Terre, MO has a cost of living index of 82, 1.0x De Soto.
Barnhart, MO has a cost of living index of 93, 1.1x De Soto.