Spanish Lake, MO Cost Of Living
Cost Of Living In Spanish Lake, MO Summary
Cost of living in Spanish Lake 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 Spanish Lake 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 Spanish Lake is 86, with 100 being the average.
The cost of living index in Spanish Lake is 0.9x lower than the national average.
Spanish Lake ranks as the #38 cheapest in Missouri out of 142.
Spanish Lake ranks as the #639 cheapest out of 6,489 in the US.
The median home value in Spanish Lake is $140,553.
The median income in Spanish Lake is $51,125.
Table Of Contents
Spanish Lake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Spanish Lake, MO?
According to the most recent data on the cost of living, Spanish Lake has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Missouri, Spanish Lake has a cost of living index that's 1.0x lower than Missouri's index of 88.
The standard of living in Spanish Lake ranks as #38 most affordable out of the 142 places we measured in Missouri. By definition, that implies Spanish Lake ranks as the #104 most expensive place in the Show Me State.
For more reading on life in Spanish Lake, check out:
In Missouri
In America
Spanish Lake Cost Of Living Vs. Missouri
Six factors go into calculating the cost of living index in Spanish Lake. Here is how it fairs on each of the criteria:
The Services index in Spanish Lake is 91.
The Groceries index in Spanish Lake is 95.
The Health index in Spanish Lake is 90.
The Housing index in Spanish Lake is 61.
The Transportation index in Spanish Lake is 95.
The Utilities index in Spanish Lake is 100.
| Living Expense | Spanish Lake | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 86 | 88 | 100 | |
| Services | 91 | 93 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 90 | 91 | 100 | |
| Housing | 61 | 78 | 100 | |
| Transportation | 95 | 90 | 100 | |
| Utilities | 100 | 99 | 100 | |
Spanish Lake, 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 2019-2023. The key points are:
The Median Home Value in Spanish Lake is $140,553.
The Median Rent in Spanish Lake is $1,073.
The Median Income in Spanish Lake is $51,125.
The Home Value To Income in Spanish Lake is 2.7x.
The Rent To Monthly Income in Spanish Lake is 0.25x.
| Statistic | Spanish Lake | Missouri | United States |
|---|---|---|---|
| Median Home Value | $140,553 | $257,929 | $303,400 |
| Median Rent | $1,073 | $996 | $1,348 |
| Median Income | $51,125 | $68,920 | $78,538 |
| Home Value To Income | 2.7x | 3.7x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Spanish Lake, MO Costs By Category
Detailed Spanish Lake Services Costs Vs. Missouri
| Item | Spanish Lake | Missouri |
|---|---|---|
| Shampoo | $1.11 | $1.28 |
| Movie | $11.28 | $12.13 |
| Bowling | $16.92 | $18 |
| Haircut | $21.19 | $24.26 |
| Beauty Salon | $40.57 | $45.56 |
Detailed Spanish Lake Groceries Costs Vs. Missouri
| Item | Spanish Lake | Missouri |
|---|---|---|
| Ground Beef | $6.4 | $5.84 |
| Fried Chicken | $1.36 | $1.57 |
| Milk | $4.5 | $4.67 |
| Potatoes | $5.28 | $4.93 |
| Pizza | $10.84 | $12.09 |
| Beer | $9.47 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Spanish Lake Health Costs Vs. Missouri
| Item | Spanish Lake | Missouri |
|---|---|---|
| Optometrist | $125.72 | $125.68 |
| Doctor | $124.51 | $135.78 |
| Dentist | $100.78 | $113.29 |
Detailed Spanish Lake Transportation Costs Vs. Missouri
| Item | Spanish Lake | Missouri |
|---|---|---|
| Gasoline | $3.2 | $3.46 |
| Tire Balancing | $50.0 | $59.92 |
Detailed Spanish Lake Utilities Costs Vs. Missouri
| Item | Spanish Lake | Missouri |
|---|---|---|
| All Electricity | $133.84 | $193.99 |
| Phone | $188.69 | $192.25 |
Spanish Lake SnackAbility
/10
Cost Of Living In Cities Around Spanish Lake
The cost of living varies in the cities and towns around Spanish Lake. Here's a quick look at the cost of living in the most populous nearby places:
Edwardsville, IL has a cost of living index of 100, 1.2x Spanish Lake.
Collinsville, IL has a cost of living index of 89, 1.0x Spanish Lake.
Old Jamestown, MO has a cost of living index of 101, 1.2x Spanish Lake.
| City | Population | Cost Of Living | Vs. Spanish Lake |
|---|---|---|---|
| Edwardsville, IL | 26,543 | 100 | 1.2x |
| Collinsville, IL | 24,126 | 89 | 1.0x |
| Old Jamestown, MO | 21,121 | 101 | 1.2x |
| Godfrey, IL | 17,743 | 94 | 1.1x |
| Fairview Heights, IL | 16,255 | 94 | 1.1x |
| Glen Carbon, IL | 13,521 | 102 | 1.2x |
| Jennings, MO | 12,900 | 80 | 0.9x |
| Troy, IL | 10,889 | 94 | 1.1x |
| Bellefontaine Neighbors, MO | 10,562 | 80 | 0.9x |
| Wood River, IL | 10,315 | 83 | 1.0x |
