Nevada, MO Cost Of Living
Cost Of Living In Nevada, MO Summary
Cost of living in Nevada 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 Nevada 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 Nevada is 76, with 100 being the average.
The cost of living index in Nevada is 0.8x lower than the national average.
Nevada ranks as the #2 cheapest in Missouri out of 143.
Nevada ranks as the #54 cheapest out of 6,412 in the US.
The median home value in Nevada is $80,800.
The median income in Nevada is $42,126.
Table Of Contents
Nevada's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Nevada, MO?
According to the most recent data on the cost of living, Nevada has an overall cost of living index of 76, which is 0.8x lower than the national index of 100.
Compared to Missouri, Nevada has a cost of living index that's 0.9x lower than Missouri's index of 89.
The standard of living in Nevada ranks as #2 most affordable out of the 143 places we measured in Missouri. By definition, that implies Nevada ranks as the #141 most expensive place in the Show Me State.
For more reading on life in Nevada, check out:
- Living In Nevada
- Nevada Crime Report
- Search Homes For Sale In Nevada, MO
In Missouri
In America
Nevada Cost Of Living Vs. Missouri
Six factors go into calculating the cost of living index in Nevada. Here is how it fairs on each of the criteria:
The Services index in Nevada is 84.
The Groceries index in Nevada is 88.
The Health index in Nevada is 97.
The Housing index in Nevada is 48.
The Transportation index in Nevada is 85.
The Utilities index in Nevada is 100.
| Living Expense | Nevada | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 76 | 89 | 100 | |
| Services | 84 | 92 | 100 | |
| Groceries | 88 | 96 | 100 | |
| Health | 97 | 88 | 100 | |
| Housing | 48 | 79 | 100 | |
| Transportation | 85 | 95 | 100 | |
| Utilities | 100 | 95 | 100 | |
Nevada, 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 Nevada is $80,800.
The Median Rent in Nevada is $661.
The Median Income in Nevada is $42,126.
The Home Value To Income in Nevada is 1.9x.
The Rent To Monthly Income in Nevada is 0.19x.
| Statistic | Nevada | Missouri | United States |
|---|---|---|---|
| Median Home Value | $80,800 | $171,800 | $244,900 |
| Median Rent | $661 | $886 | $1,163 |
| Median Income | $42,126 | $61,043 | $69,021 |
| Home Value To Income | 1.9x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Nevada, MO Costs By Category
Detailed Nevada Services Costs Vs. Missouri
Detailed Nevada Groceries Costs Vs. Missouri
Detailed Nevada Health Costs Vs. Missouri
Detailed Nevada Transportation Costs Vs. Missouri
Detailed Nevada Utilities Costs Vs. Missouri
Nevada SnackAbility
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Cost Of Living In Cities Around Nevada
The cost of living varies in the cities and towns around Nevada. Here's a quick look at the cost of living in the most populous nearby places:
Appleton, WI has a cost of living index of 89, 1.2x Nevada.
Pittsburg, KS has a cost of living index of 78, 1.0x Nevada.
Carthage, MO has a cost of living index of 78, 1.0x Nevada.
| City | Population | Cost Of Living | Vs. Nevada |
|---|---|---|---|
| Appleton, WI | 74,752 | 89 | 1.2x |
| Pittsburg, KS | 20,667 | 78 | 1.0x |
| Carthage, MO | 15,395 | 78 | 1.0x |
| Clinton, MO | 8,844 | 86 | 1.1x |
| Carl Junction, MO | 8,099 | 88 | 1.2x |
| Fort Scott, KS | 7,579 | 75 | 1.0x |
