Marshall, MO Cost Of Living
Cost Of Living In Marshall, MO Summary
Cost of living in Marshall 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 Marshall 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 Marshall is 88, with 100 being the average.
The cost of living index in Marshall is 0.9x lower than the national average.
Marshall ranks as the #63 cheapest in Missouri out of 143.
Marshall ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Marshall is $111,800.
The median income in Marshall is $45,979.
Table Of Contents
Marshall's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Marshall, MO?
According to the most recent data on the cost of living, Marshall has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Missouri, Marshall has a cost of living index that's 1.0x lower than Missouri's index of 89.
The standard of living in Marshall ranks as #63 most affordable out of the 143 places we measured in Missouri. By definition, that implies Marshall ranks as the #80 most expensive place in the Show Me State.
For more reading on life in Marshall, check out:
- Living In Marshall
- Marshall Crime Report
- Search Homes For Sale In Marshall, MO
In Missouri
In America
Marshall Cost Of Living Vs. Missouri
Six factors go into calculating the cost of living index in Marshall. Here is how it fairs on each of the criteria:
The Services index in Marshall is 100.
The Groceries index in Marshall is 98.
The Health index in Marshall is 100.
The Housing index in Marshall is 58.
The Transportation index in Marshall is 90.
The Utilities index in Marshall is 99.
| Living Expense | Marshall | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 88 | 89 | 100 | |
| Services | 100 | 92 | 100 | |
| Groceries | 98 | 96 | 100 | |
| Health | 100 | 88 | 100 | |
| Housing | 58 | 79 | 100 | |
| Transportation | 90 | 95 | 100 | |
| Utilities | 99 | 95 | 100 | |
Marshall, MO Housing Cost Breakdown
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 Marshall is $111,800.
The Median Rent in Marshall is $680.
The Median Income in Marshall is $45,979.
The Home Value To Income in Marshall is 2.4x.
The Rent To Monthly Income in Marshall is 0.18x.
| Statistic | Marshall | Missouri | United States |
|---|---|---|---|
| Median Home Value | $111,800 | $171,800 | $244,900 |
| Median Rent | $680 | $886 | $1,163 |
| Median Income | $45,979 | $61,043 | $69,021 |
| Home Value To Income | 2.4x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Marshall, MO Costs By Category
Detailed Marshall Services Costs Vs. Missouri
Detailed Marshall Groceries Costs Vs. Missouri
Detailed Marshall Health Costs Vs. Missouri
Detailed Marshall Transportation Costs Vs. Missouri
Detailed Marshall Utilities Costs Vs. Missouri
Marshall SnackAbility
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Cost Of Living In Cities Around Marshall
The cost of living varies in the cities and towns around Marshall. 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 95, 1.1x Marshall.
Sedalia, MO has a cost of living index of 84, 1.0x Marshall.
Warrensburg, MO has a cost of living index of 92, 1.0x Marshall.
| City | Population | Cost Of Living | Vs. Marshall |
|---|---|---|---|
| Columbia, MO | 124,342 | 95 | 1.1x |
| Sedalia, MO | 21,696 | 84 | 1.0x |
| Warrensburg, MO | 19,509 | 92 | 1.0x |
| Jamestown, ND | 15,823 | 91 | 1.0x |
| Moberly, MO | 13,933 | 82 | 0.9x |
| Boonville, MO | 8,036 | 88 | 1.0x |
| Richmond, MO | 5,961 | 84 | 1.0x |
| Odessa, MO | 5,538 | 88 | 1.0x |
