Neosho, MO Cost Of Living
Cost Of Living In Neosho, MO Summary
Cost of living in Neosho 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 Neosho 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 Neosho is 77, with 100 being the average.
The cost of living index in Neosho is 0.8x lower than the national average.
Neosho ranks as the #3 cheapest in Missouri out of 143.
Neosho ranks as the #78 cheapest out of 6,412 in the US.
The median home value in Neosho is $102,500.
The median income in Neosho is $45,471.
Table Of Contents
Neosho's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Neosho, MO?
According to the most recent data on the cost of living, Neosho has an overall cost of living index of 77, which is 0.8x lower than the national index of 100.
Compared to Missouri, Neosho has a cost of living index that's 0.9x lower than Missouri's index of 89.
The standard of living in Neosho ranks as #3 most affordable out of the 143 places we measured in Missouri. By definition, that implies Neosho ranks as the #140 most expensive place in the Show Me State.
For more reading on life in Neosho, check out:
- Living In Neosho
- Neosho Crime Report
- Search Homes For Sale In Neosho, MO
In Missouri
In America
Neosho Cost Of Living Vs. Missouri
Six factors go into calculating the cost of living index in Neosho. Here is how it fairs on each of the criteria:
The Services index in Neosho is 83.
The Groceries index in Neosho is 89.
The Health index in Neosho is 94.
The Housing index in Neosho is 56.
The Transportation index in Neosho is 91.
The Utilities index in Neosho is 103.
| Living Expense | Neosho | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 77 | 89 | 100 | |
| Services | 83 | 92 | 100 | |
| Groceries | 89 | 96 | 100 | |
| Health | 94 | 88 | 100 | |
| Housing | 56 | 79 | 100 | |
| Transportation | 91 | 95 | 100 | |
| Utilities | 103 | 95 | 100 | |
Neosho, 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 Neosho is $102,500.
The Median Rent in Neosho is $742.
The Median Income in Neosho is $45,471.
The Home Value To Income in Neosho is 2.3x.
The Rent To Monthly Income in Neosho is 0.2x.
| Statistic | Neosho | Missouri | United States |
|---|---|---|---|
| Median Home Value | $102,500 | $171,800 | $244,900 |
| Median Rent | $742 | $886 | $1,163 |
| Median Income | $45,471 | $61,043 | $69,021 |
| Home Value To Income | 2.3x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Neosho, MO Costs By Category
Detailed Neosho Services Costs Vs. Missouri
Detailed Neosho Groceries Costs Vs. Missouri
Detailed Neosho Health Costs Vs. Missouri
Detailed Neosho Transportation Costs Vs. Missouri
Detailed Neosho Utilities Costs Vs. Missouri
Neosho SnackAbility
/10
Cost Of Living In Cities Around Neosho
The cost of living varies in the cities and towns around Neosho. Here's a quick look at the cost of living in the most populous nearby places:
Springdale, AR has a cost of living index of 85, 1.1x Neosho.
Rogers, AR has a cost of living index of 87, 1.1x Neosho.
Bentonville, AR has a cost of living index of 89, 1.2x Neosho.
| City | Population | Cost Of Living | Vs. Neosho |
|---|---|---|---|
| Springdale, AR | 85,887 | 85 | 1.1x |
| Rogers, AR | 68,340 | 87 | 1.1x |
| Bentonville, AR | 52,565 | 89 | 1.2x |
| Centerton, AR | 17,455 | 88 | 1.1x |
| Siloam Springs, AR | 16,944 | 84 | 1.1x |
| Lowell, AR | 9,630 | 86 | 1.1x |
| Monett, MO | 9,512 | 83 | 1.1x |
| Carl Junction, MO | 8,099 | 88 | 1.1x |
