Cost of living in Park Hills 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 Park Hills 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 Park Hills is 80, with 100 being the average.
The cost of living index in Park Hills is 0.8x lower than the national average.
Park Hills ranks as the #6 cheapest in Missouri out of 143.
Park Hills ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Park Hills is $87,000.
The median income in Park Hills is $46,427.
According to the most recent data on the cost of living, Park Hills has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Missouri, Park Hills has a cost of living index that's 0.9x lower than Missouri's index of 89.
The standard of living in Park Hills ranks as #6 most affordable out of the 143 places we measured in Missouri. By definition, that implies Park Hills ranks as the #137 most expensive place in the Show Me State.
For more reading on life in Park Hills, check out:
Six factors go into calculating the cost of living index in Park Hills. Here is how it fairs on each of the criteria:
The Services index in Park Hills is 94.
The Groceries index in Park Hills is 100.
The Health index in Park Hills is 88.
The Housing index in Park Hills is 49.
The Transportation index in Park Hills is 91.
The Utilities index in Park Hills is 96.
|Living Expense||Park Hills||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 Park Hills is $87,000.
The Median Rent in Park Hills is $686.
The Median Income in Park Hills is $46,427.
The Home Value To Income in Park Hills is 1.9x.
The Rent To Monthly Income in Park Hills is 0.18x.
|Statistic||Park Hills||Missouri||United States|
|Median Home Value||$87,000||$171,800||$244,900|
|Home Value To Income||1.9x||2.8x||3.5x|
|Rent To Monthly Income||0.18x||0.17x||0.2x|
The cost of living varies in the cities and towns around Park Hills. Here's a quick look at the cost of living in the most populous nearby places:
Oakville, MO has a cost of living index of 99, 1.2x Park Hills.
Mehlville, MO has a cost of living index of 91, 1.1x Park Hills.
Concord, MO has a cost of living index of 97, 1.2x Park Hills.
|City||Population||Cost Of Living||Vs. Park Hills|
|Sunset Hills, MO||9,062||119||1.5x|