The 10 Cheapest Places To Live In Missouri For 2022

We used data and science to determine which places in Missouri go easy on your wallet.

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You don’t have to launder drug money in the Ozarks to be able to live in most cities in Missouri: The Show Me State is affordable.

Yes, learning the value of the dollar is important, but you don’t want to stress about it daily when looking for a safe, affordable Missouri neighborhood to call home, a great deal on a St.Louis-style pizza, or monthly living costs that won’t break the bank. Missouri is the 18th most populous state in the country. And it is no surprise considering they have amazing jobs in agriculture, aerospace, tech, and beer. Yes, folks, Missouri is home to Anheuser-Busch. And i f you play your cards right, maybe your next mortgage payment can come from a great job with the King Of Beers.

Regardless, Missouri knows how to make the dolla’ holla’. The median income for the state is up above $35,000. With all that income, you can make most Missouri cities doable. More importantly, you can spend the extra coin in your pocket on the fun things that Missouri offers: like a weekend in the Ozarks, season tickets to the Cardinals, and/or a riverboat cruise down the mighty Mississippi River.

You don’t have to look any further in terms of affordability if you choose a down home Missouri city to call home. But you do have to read below to see what city on our top ten most affordable cities in Missouri for 2022 list best suits you.

So, grab a Busch Light and some Kansas City BBQ, and read on.

The 10 Most Affordable Places To Live In Missouri

  1. Richmond
  2. Trenton
  3. Kennett
  4. Pevely
  5. Chillicothe
  6. St. Ann
  7. Peculiar
  8. Mexico
  9. Willard
  10. Webb City

Missouri’s strong economy, gold star housing prices, and average cost of living make its cities very desirable. So, one can imagine how difficult it was for us to narrow down the places in this Midwest flyover state where you can make ends meet.

The cheapest place to live in Missouri? That would be Richmond based on the cost of housing adjusted for incomes and cost of living. Richmond is our most affordable city in Missouri for 2022.

So, if you care about home values, cost of living, and high quality of life, take a look at the list below to find the most affordable places in Missouri, where your salary will let you live like Kansas City Royal-ty.

And if you already knew these places were cheap, check out some more reading about Missouri and the cheapest places in the country:

The 10 Cheapest Places To Live In Missouri For 2022

Richmond comes in as the cheapest city in Missouri thanks to being an equally affordable place for renters and home-buyers. When you’re in Richmond, you’ll know you’re in the state with the lowest rent in America, because the median rent is a mere $629. The median income in Richmond is $57,188 and the median home price is $98,600, making the city one of the least affordable places for buyers on this list. In any case, you’ll never run short of fun things to do for free in Richmond, which has over 60 acres of parks. Not too shabby for a city of only 5,622 people.

Richmond is located 40 miles east of Kansas City.

Overall SnackAbility


Population: 5,622
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 1.7x (5th most affordable)
Income To Rent Ratio: 90.9x (49th cheapest)
More On Richmond: Real Estate | Crime Rate | Cost Of Living

Richmond, MO

Ranking as our second most affordable city in Missouri is Trenton, a city in the north-central part of the state. For those looking to further their education, Trenton is home to North Central Missouri College, where in-state tuition is under $5,000. That’s not the only sweet deal in Trenton, though. The median home price in Trenton is $92,200 and the median rent is $614, so housing of all sorts is available for cheap. Given the city’s median income of $44,500, Trenton has a better home price to income ratio than rent to income ratio, but it’s not a game-breaking difference.

Overall SnackAbility


Population: 5,679
Rank Last Year: 2 (No Change)
Home Price To Income Ratio: 2.1x (16th most affordable)
Income To Rent Ratio: 72.5x (56th cheapest)
More On Trenton: Real Estate | Crime Rate | Cost Of Living

Trenton, MO

Kennett is a city in and the county seat of Dunklin County, Missouri, United States. The city is located in the southeast corner of Missouri, 4 miles east of Arkansas and 20 miles from the Mississippi River. It has a population of 10,932 according to the 2010 Census. It is the largest city in the Bootheel, a mostly agricultural area.

Overall SnackAbility


Population: 10,069
Rank Last Year: 10 (Up 7)
Home Price To Income Ratio: 2.2x (26th most affordable)
Income To Rent Ratio: 75.7x (120th cheapest)
More On Kennett: Real Estate | Crime Rate | Cost Of Living

Kennett, MO

Located about 30 miles south of St. Louis, Pevely ranks as the fourth most affordable place in Missouri, which is a big feat when you consider that it wasn’t even in the top 40 last year. At a median income of $66,155, Pevely is the richest city on this list. That more than makes up for Peveling having the most expensive homes on this list, with a median price tag of $138,600. And with a median rent of $729, it’s actually slightly more economical to rent than buy in Pevely. And for those into archeology, paleontology, or just plain nature hikes, Mastodon State Historic Site is a good idea for a cheap day out.

Overall SnackAbility


Population: 5,937
Rank Last Year: 11 (Up 7)
Home Price To Income Ratio: 2.1x (17th most affordable)
Income To Rent Ratio: 90.7x (67th cheapest)
More On Pevely: Real Estate | Crime Rate | Cost Of Living

Pevely, MO

Source: Public domain

For those on a budget, Chillicothe is the greatest thing since sliced bread, which, it just so happens, was invented in Chillicothe.

The city also has the more modern distinction of being the fifth cheapest city in Missouri. The median home price in Chillicothe is $90,900 and the median income is $45,496, making it slightly more affordable for those buying a home than Trenton. However, Chillicothe got beat out by Trenton in terms of rent prices. Chillicothe is another north-central Missouri city.

Overall SnackAbility


Population: 9,106
Rank Last Year: 9 (Up 4)
Home Price To Income Ratio: 2.0x (12th most affordable)
Income To Rent Ratio: 65.6x (58th cheapest)
More On Chillicothe: Real Estate | Crime Rate | Cost Of Living

Chillicothe, MO

A St. Louis suburb, St. Ann ranks as the sixth most affordable city in Missouri. St. Ann’s median rent of $782 is a bit pricey, and keeps the city from achieving a higher rank on this list. However, with a median income of $47,994 and a median home price of $92,000, St. Ann has the seventh best home price to income ratio in the state. As a bonus, St. Ann is one of the best cities for singles in Missouri, so you can find the love of your life without breaking the bank here.

Overall SnackAbility


Population: 12,689
Rank Last Year: 5 (Down 1)
Home Price To Income Ratio: 1.9x (7th most affordable)
Income To Rent Ratio: 61.4x (78th cheapest)
More On St. Ann: Real Estate | Crime Rate | Cost Of Living

St. Ann, MO

Located about 30 miles south of Kansas City off of Route 49 is Peculiar our seventh cheapest place to live in missouri for 2022. Besides being a short commute to Missouri’s largest city, Peculiar offers residents a plethora of local parks and restaurants. This primarily residential town is great for families with low crime rates and a high quality of life.

On a cost of living basis, the town is over 10% cheaper than the national average with particular affordability in housing. Median home prices come in at $147,800. However, the real deals come when you enter the rental market. The median rent in Peculiar is $946. That is the 8lowest mark in the state. Not to mention that Forest is also incredibly safe for families. A good deal all around.

Overall SnackAbility


Population: 5,305
Rank Last Year: 40 (Up 33)
Home Price To Income Ratio: 2.0x (11th most affordable)
Income To Rent Ratio: 78.9x (57th cheapest)
More On Peculiar: Real Estate | Crime Rate | Cost Of Living

Mexico, formerly known as New Mexico, is a city in Audrain County, Missouri. The population was 11,543 at the 2010 census. It is the county seat, home to the Missouri Military Academy, and annually hosts the Miss Missouri Pageant. The micropolitan statistical area consists of Audrain County.

Overall SnackAbility


Population: 11,535
Rank Last Year: 30 (Up 22)
Home Price To Income Ratio: 2.1x (19th most affordable)
Income To Rent Ratio: 62.7x (109th cheapest)
More On Mexico: Real Estate | Crime Rate | Cost Of Living

Mexico, MO

Willard is a city in Greene County, Missouri, United States. As of the 2010 census, the city population was 5,288. It is part of the Springfield, Missouri Metropolitan Statistical Area.

Overall SnackAbility


Population: 5,567
Rank Last Year: 15 (Up 6)
Home Price To Income Ratio: 2.0x (15th most affordable)
Income To Rent Ratio: 77.5x (13th cheapest)
More On Willard: Real Estate | Crime Rate | Cost Of Living

Homes in Webb City are the second most expensive you’ll see on this list, but that doesn’t stop the city from being tenth cheapest overall in Missouri. A home in Webb City goes for about $119,100 and the median income is $53,727, so it’s no sweat paying off the mortgage here. We recommend you use your pockets full of extra cash at the local farmer’s market for the freshest food in town.

Webb City is located in the southwestern part of the state, near the borders of Kansas and Oklahoma.

Overall SnackAbility


Population: 11,884
Rank Last Year: 4 (Down 6)
Home Price To Income Ratio: 2.2x (25th most affordable)
Income To Rent Ratio: 72.4x (72nd cheapest)
More On Webb City: Real Estate | Crime Rate | Cost Of Living

Webb City, MO

Cheapest Places To Live In Missouri FAQs

What county in Missouri has the lowest cost of living?

The county in Missouri with the lowest cost of living is Adair County. The average living wage in Adair County is $77,540 according to MIT data. Adair County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Missouri as a whole. Childcare costs $7,243 a year in Adair County for two children compared to the Missouri average of $12,674. Housing costs, defined as a blend of the average rent and average mortgage payment, are $7,944 per year in Adair County compared to $10,297 on average in Missouri.

What is the cost of living in Missouri?

The cost of living in Missouri is 3.7% lower than the US average. According to MIT, the required living wage for a family of four with two working parents in Missouri is $86,410 vs the national average for a family of four with two working parents of $89,744. The median income of a Missouri household is $57,290.

What is the cheapest housing market in Missouri?

The cheapest housing market in Missouri is Jennings. The average home value in Jennings is $62,500, the lowest in the state. The average home value in Missouri is $163,600, almost 2.6 times higher than Jennings.

Methodology: How We Determined The Most Affordable Places To Live In The Show Me State For 2022

Map Of The Cheapest Places To Live In Missouri
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2016-2020 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Missouri to figure out which is the least expensive.

What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 130 places in Missouri that have more than 5,000 people.

The place with the lowest cost of living in Missouri according to the data is Richmond. You can download the data here.

Summary: There You Have It Mr. Or Mrs. Missouri Cheapskate

If you’re looking at the cost of living numbers in Missouri, this is an accurate list of the most affordable places to live in Missouri for 2022.

Here’s a look at the most expensive cities in Missouri according to the data:

  1. Sunset Hills
  2. Weldon Spring
  3. Branson

For more Missouri reading, check out:

The Most Affordable Places To Live In Missouri

Rank City CheapScore Population Home/Income Ratio Income/Rent Ratio
1 Richmond 12.67 5,622 1.7x 90.9x
2 Trenton 25.33 5,679 2.1x 72.5x
3 Kennett 25.67 10,069 2.2x 75.7x
4 Pevely 28.67 5,937 2.1x 90.7x
5 Chillicothe 31.0 9,106 2.0x 65.6x
6 St. Ann 35.33 12,689 1.9x 61.4x
7 Peculiar 35.33 5,305 2.0x 78.9x
8 Mexico 35.67 11,535 2.1x 62.7x
9 Willard 36.33 5,567 2.0x 77.5x
10 Webb City 36.67 11,884 2.2x 72.4x
11 Cameron 37.67 8,941 2.0x 66.7x
12 Nevada 37.67 8,198 2.0x 58.9x
13 Dexter 37.83 7,867 2.2x 61.9x
14 Excelsior Springs 39.33 11,688 2.3x 80.6x
15 Dellwood 39.67 5,010 1.2x 54.4x
16 St. John 40.33 6,369 1.5x 54.4x
17 Park Hills 41.33 8,512 2.2x 59.7x
18 Macon 43.33 5,357 2.5x 67.4x
19 Battlefield 43.5 6,375 2.3x 85.8x
20 Bowling Green 43.67 5,259 2.3x 60.0x
21 Bellefontaine Neighbors 43.67 10,441 1.5x 42.2x
22 Neosho 44.33 12,036 2.3x 62.0x
23 Troy 45.67 12,457 2.3x 74.6x
24 Florissant 45.83 51,220 1.7x 55.8x
25 Jennings 46.33 14,672 2.0x 40.0x
26 Berkeley 46.33 8,912 1.8x 35.8x
27 Hannibal 46.67 17,312 2.4x 70.0x
28 Overland 49.0 15,644 1.9x 46.0x
29 Oak Grove 49.0 8,278 2.4x 72.0x
30 Smithville 50.67 10,269 2.4x 111.8x
31 Charleston 50.67 5,478 2.2x 47.0x
32 Raytown 50.83 29,176 2.0x 57.9x
33 Ferguson 51.0 20,631 2.1x 41.3x
34 Bonne Terre 51.33 7,037 2.5x 65.5x
35 Washington 51.67 14,052 2.5x 86.6x
36 Marshfield 52.0 7,425 2.7x 79.4x
37 Dardenne Prairie 52.33 13,385 2.4x 117.3x
38 Sullivan 52.67 6,499 2.5x 63.5x
39 Fulton 53.0 12,696 2.6x 71.8x
40 Carthage 53.33 14,699 2.3x 52.4x
41 Sedalia 53.83 21,634 2.4x 58.9x
42 Kearney 54.0 10,460 2.4x 86.2x
43 Crestwood 54.0 11,859 2.4x 91.5x
44 Hazelwood 54.0 25,222 2.3x 60.1x
45 St. Joseph 54.33 75,369 2.4x 62.1x
46 Belton 54.67 23,568 2.1x 60.9x
47 Republic 54.67 16,571 2.4x 65.7x
48 Maryland Heights 55.33 26,996 2.3x 68.3x
49 Marshall 56.33 12,920 2.6x 66.1x
50 St. Peters 56.33 57,536 2.4x 75.7x
51 Aurora 56.5 7,461 2.3x 48.8x
52 Liberty 56.67 31,761 2.5x 86.4x
53 Eureka 57.67 10,203 2.5x 105.6x
54 Odessa 58.0 5,240 2.6x 75.2x
55 Lebanon 58.0 14,735 2.6x 61.4x
56 Black Jack 58.0 6,930 2.3x 60.6x
57 Blue Springs 58.33 55,415 2.4x 71.9x
58 Wentzville 58.67 40,407 2.5x 89.8x
59 Gladstone 59.33 27,365 2.4x 67.3x
60 Lee’s Summit 59.67 98,997 2.5x 87.3x
61 Greenwood 60.67 6,067 2.1x 65.2x
62 Festus 60.67 12,054 2.6x 70.5x
63 Independence 61.67 117,139 2.4x 58.3x
64 Grain Valley 63.0 14,261 2.4x 70.8x
65 Perryville 63.0 8,500 2.7x 68.4x
66 West Plains 63.67 12,290 2.6x 56.8x
67 O’fallon 64.67 88,132 2.5x 80.2x
68 Moberly 64.67 13,710 2.6x 59.1x
69 Jefferson City 65.5 42,670 3.0x 82.7x
70 Monett 66.33 9,035 2.5x 52.6x
71 Grandview 66.67 24,990 2.5x 56.5x
72 Arnold 67.33 21,144 2.6x 67.5x
73 Pleasant Hill 67.67 8,611 2.7x 78.3x
74 Union 68.67 11,931 2.8x 69.9x
75 Savannah 68.83 5,170 2.6x 58.3x
76 Clinton 69.33 8,792 2.8x 59.2x
77 Cottleville 70.67 5,439 2.8x 95.3x
78 Nixa 71.0 22,086 2.8x 73.7x
79 Shrewsbury 71.33 6,108 2.7x 74.0x
80 Jackson 71.67 14,893 2.7x 71.5x
81 Des Peres 71.67 8,654 2.6x 88.2x
82 Wildwood 72.0 35,476 2.8x 105.3x
83 Lake St. Louis 72.33 16,357 2.8x 87.9x
84 Ozark 72.67 20,216 2.7x 65.6x
85 Raymore 73.33 21,676 2.6x 71.9x
86 Parkville 73.67 7,122 2.9x 170.2x
87 Waynesville 74.0 5,260 2.6x 64.0x
88 Ballwin 74.67 30,177 2.9x 84.0x
89 Boonville 75.0 8,300 3.1x 65.0x
90 Glendale 76.0 5,881 2.9x 99.2x
91 Farmington 76.67 18,792 3.1x 63.8x
92 Carl Junction 76.67 8,202 2.7x 62.6x
93 Joplin 77.0 50,580 2.8x 58.3x
94 Richmond Heights 77.0 8,581 2.9x 78.8x
95 Chesterfield 77.33 47,603 3.1x 99.3x
96 Harrisonville 77.67 10,084 2.8x 60.2x
97 Poplar Bluff 78.33 16,979 2.9x 55.1x
98 St. Charles 81.0 70,650 3.0x 72.0x
99 De Soto 81.33 6,359 2.9x 50.9x
100 Manchester 81.67 18,102 3.1x 75.4x

How Is The Area In ?

Editor’s Note: We updated this article for 2022. This is our ninth time ranking the cheapest places to live in Missouri.

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.