The 10 Most Expensive Places To Live In Missouri For 2023


We used science and data to determine which cities in Missouri that will put a big dent in your wallet.

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Editor’s Note: We updated this article for 2023. This is our tenth time ranking the most expensive places to live in Missouri.

Everyone wants a home that mixes affordability with comfort and Missouri does this very well. Families love the Show Me State's beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.

These are the places in Missouri that cost a pretty penny -- the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Missouri for 2023.

So where is the most expensive place to live in Missouri? That would be Sunset Hills.
the 2017-2021 American Community Survey for the 127 places in Missouri with more than 5,000 people.

Here are the 10 most expensive places to live in Missouri for 2023:

  1. Sunset Hills
  2. Weldon Spring
  3. University City
  4. Branson
  5. Valley Park
  6. St. Robert
  7. Columbia
  8. Pacific
  9. Rolla
  10. Creve Coeur

What's the most expensive place to live in Missouri? Well, HomeSnacks crunched the numbers and discovered that Sunset Hills is the most expensive place to live in Missouri.

So hopefully Kennett (the cheapest place to live in Missouri) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

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

The 10 Most Expensive Places To Live In Missouri For 2023

1. Sunset Hills

Sunset Hills, MO

Overall SnackAbility

7
/10

Population: 9,062
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 4.3x (3rd most expensive)
Income To Rent Ratio: 45.6x (5th most expensive)
More on Sunset Hills: Real Estate | Data | Photos

The median income in Sunset Hills comes in at $107,820 and the median home value is $464,200 for 2023.

2. Weldon Spring

Weldon Spring, MO

Source: Public domain
Overall SnackAbility

6
/10

Population: 5,348
Rank Last Year: 3 (No Change)
Home Price To Income Ratio: 3.2x (20th most expensive)
Income To Rent Ratio: 55.9x (27th most expensive)
More on Weldon Spring: Real Estate | Data | Photos

The median income in Weldon Spring comes in at $131,213 and the median home value is $423,500 for 2023.

3. University City

University City, MO

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 34,953
Rank Last Year: 5 (Up 1)
Home Price To Income Ratio: 4.1x (6th most expensive)
Income To Rent Ratio: 59.2x (4most expensive)
More on University City: Real Estate | Data | Photos

The median income in University City comes in at $66,830 and the median home value is $272,000 for 2023.

4. Branson

Branson, MO

Overall SnackAbility

4
/10

Population: 12,579
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 3.7x (11th most expensive)
Income To Rent Ratio: 49.7x (8th most expensive)
More on Branson: Real Estate | Data | Photos

The median income in Branson comes in at $45,669 and the median home value is $170,800 for 2023.

5. Valley Park

Valley Park, MO

Overall SnackAbility

6
/10

Population: 6,864
Rank Last Year: 7 (Up 1)
Home Price To Income Ratio: 3.3x (18th most expensive)
Income To Rent Ratio: 50.2x (11th most expensive)
More on Valley Park: Real Estate | Data | Photos

The median income in Valley Park comes in at $57,399 and the median home value is $188,200 for 2023.

6. St. Robert

Overall SnackAbility

5
/10

Population: 5,191
Rank Last Year: 7 (No Change)
Home Price To Income Ratio: 3.7x (12th most expensive)
Income To Rent Ratio: 50.5x (13th most expensive)
More on St. Robert: Real Estate | Data

The median income in St. Robert comes in at $47,143 and the median home value is $174,300 for 2023.

7. Columbia

Columbia, MO

Source: Public domain
Overall SnackAbility

7.5
/10

Population: 124,342
Rank Last Year: 6 (Down 3)
Home Price To Income Ratio: 3.7x (9th most expensive)
Income To Rent Ratio: 61.5x (48th most expensive)
More on Columbia: Real Estate | Data | Photos

The median income in Columbia comes in at $57,463 and the median home value is $215,300 for 2023.

8. Pacific

Pacific, MO

Overall SnackAbility

5
/10

Population: 6,898
Rank Last Year: 11 (Up 1)
Home Price To Income Ratio: 4.1x (5th most expensive)
Income To Rent Ratio: 62.4x (54th most expensive)
More on Pacific: Real Estate | Data | Photos

The median income in Pacific comes in at $47,733 and the median home value is $196,200 for 2023.

9. Rolla

Rolla, MO

Overall SnackAbility

5
/10

Population: 19,949
Rank Last Year: 9 (Down 2)
Home Price To Income Ratio: 3.8x (7th most expensive)
Income To Rent Ratio: 50.6x (15th most expensive)
More on Rolla: Real Estate | Data | Photos

The median income in Rolla comes in at $37,426 and the median home value is $142,900 for 2023.

10. Creve Coeur

Creve Coeur, MO

Overall SnackAbility

9
/10

Population: 18,648
Rank Last Year: 10 (Down 2)
Home Price To Income Ratio: 4.5x (2nd most expensive)
Income To Rent Ratio: 76.2x (92nd most expensive)
More on Creve Coeur: Real Estate | Data | Photos

The median income in Creve Coeur comes in at $100,810 and the median home value is $457,100 for 2023.

Methodology: How We Determined The Most Expensive Places To Live In The Show Me State For 2023

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 2017-2021 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 most 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 127 places in Missouri that have more than 5,000 people.

The place with the highest cost of living in Missouri according to the data is Sunset Hills. You can download the data here.

Summary: Taking A Chunk Out Of Your Paycheck In Missouri For 2023

Well there you have it, the places in Missouri that have the highest cost of living, with Sunset Hills ranking as the most expensive city in the Show Me State.

Here's a look at the most affordable cities in Missouri according to the data:

  1. Kennett
  2. Richmond
  3. Trenton

For more Missouri reading, check out:

Detailed List Of The Most Expensive Cities In Missouri

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Sunset Hills 4.33 9,062 4.3x 45.6x
2 Weldon Spring 18.67 5,348 3.2x 55.9x
3 University City 23.0 34,953 4.1x 59.2x
4 Branson 24.0 12,579 3.7x 49.7x
5 Valley Park 24.33 6,864 3.3x 50.2x
6 St. Robert 24.67 5,191 3.7x 50.5x
7 Columbia 30.33 124,342 3.7x 61.5x
8 Pacific 32.67 6,898 4.1x 62.4x
9 Rolla 33.0 19,949 3.8x 50.6x
10 Creve Coeur 33.33 18,648 4.5x 76.2x
11 Clayton 33.67 16,905 5.8x 78.9x
12 Bolivar 36.0 10,718 3.7x 52.1x
13 Olivette 37.33 8,408 4.3x 80.0x
14 Webster Groves 38.67 23,817 3.2x 71.1x
15 Maplewood 39.0 8,220 3.6x 66.7x
16 Springfield 40.0 168,603 3.2x 50.1x
17 Brentwood 40.67 8,198 2.9x 61.1x
18 St. Louis 41.0 302,787 3.1x 55.8x
19 Kansas City 41.67 502,597 2.9x 57.7x
20 Manchester 43.0 18,308 3.1x 71.8x
21 Ellisville 43.33 9,908 3.2x 75.3x
22 Maryville 44.0 11,070 3.3x 57.4x
23 Cape Girardeau 44.67 39,415 3.3x 61.7x
24 Town And Country 45.0 11,440 3.8x 136.7x
25 Kirkwood 45.0 29,233 3.5x 86.9x
26 Monett 45.0 9,512 3.1x 51.7x
27 Farmington 45.33 17,959 3.3x 61.4x
28 Kirksville 47.33 17,600 3.2x 53.4x
29 Warrensburg 48.33 19,509 3.2x 67.4x
30 St. Charles 49.67 70,218 3.0x 73.4x
31 Richmond Heights 51.0 9,188 2.9x 76.2x
32 De Soto 51.33 6,429 2.9x 50.0x
33 Shrewsbury 51.33 6,362 3.0x 76.8x
34 Chesterfield 52.0 49,675 3.1x 92.8x
35 Bridgeton 53.0 11,417 3.0x 74.3x
36 Sikeston 53.33 16,054 3.0x 60.2x
37 Harrisonville 53.67 10,070 3.0x 65.4x
38 Greenwood 53.67 6,008 2.3x 55.8x
39 Lake St. Louis 54.67 16,665 2.9x 82.8x
40 Perryville 55.33 8,482 2.9x 62.1x
41 Caruthersville 56.0 5,606 2.9x 50.3x
42 Warrenton 56.33 8,450 3.0x 65.0x
43 Arnold 56.33 20,808 2.6x 62.4x
44 Moberly 56.67 13,933 3.0x 59.8x
45 Carl Junction 56.67 8,099 2.5x 59.6x
46 Joplin 56.67 51,539 2.8x 57.3x
47 Raymore 56.67 22,722 2.7x 75.2x
48 Bonne Terre 57.0 6,772 3.1x 57.4x
49 Nixa 57.0 22,925 2.9x 74.2x
50 Waynesville 57.67 5,336 2.9x 72.6x
51 Grandview 59.0 25,931 2.6x 55.8x
52 Ozark 59.67 20,874 2.8x 71.3x
53 Boonville 60.0 8,036 2.9x 65.3x
54 Carthage 60.67 15,395 2.7x 51.8x
55 Wildwood 61.0 35,384 2.8x 105.6x
56 Poplar Bluff 61.33 16,318 2.8x 54.2x
57 Cottleville 61.33 5,408 2.7x 92.6x
58 Ballwin 61.67 30,998 2.7x 91.5x
59 Lebanon 63.33 14,880 2.7x 56.7x
60 O'fallon 64.67 90,802 2.6x 81.1x
61 Grain Valley 65.0 15,435 2.4x 71.1x
62 Parkville 65.33 7,153 2.6x 202.4x
63 Jefferson City 65.33 43,076 3.0x 84.6x
64 West Plains 65.33 12,048 2.7x 56.5x
65 Belton 66.0 23,832 2.3x 56.4x
66 Gladstone 66.33 26,825 2.5x 67.4x
67 Des Peres 67.0 9,096 2.5x 96.9x
68 Pleasant Hill 67.33 8,673 2.4x 70.5x
69 Lee's Summit 67.33 100,772 2.5x 85.3x
70 Eureka 67.67 11,663 2.6x 105.3x
71 Jackson 68.0 15,272 2.6x 75.8x
72 Black Jack 68.67 6,663 2.5x 61.7x
73 Wentzville 68.67 43,213 2.5x 88.1x
74 Independence 69.0 122,230 2.4x 58.1x
75 Blue Springs 70.0 58,265 2.4x 73.3x
76 Liberty 70.0 30,129 2.5x 85.1x
77 St. Peters 70.0 57,289 2.5x 77.6x
78 Savannah 71.67 5,087 2.5x 58.9x
79 Festus 71.67 12,609 2.6x 74.6x
80 Fulton 73.0 12,691 2.6x 68.9x
81 Dardenne Prairie 73.0 12,689 2.5x 124.8x
82 Republic 74.0 18,313 2.4x 63.4x
83 Clinton 74.33 8,844 2.7x 68.3x
84 Hazelwood 74.33 25,466 2.4x 58.8x
85 Cameron 74.67 8,987 2.3x 55.1x
86 Union 77.33 12,108 2.6x 80.1x
87 Overland 78.33 15,908 2.0x 46.2x
88 Sedalia 78.33 21,696 2.4x 58.4x
89 Aurora 78.67 7,268 2.2x 48.4x
90 Charleston 78.67 5,184 2.3x 50.6x
91 Maryland Heights 79.0 28,141 2.2x 71.9x
92 Kearney 79.0 10,260 2.4x 90.9x
93 St. Joseph 79.33 73,138 2.4x 61.9x
94 Raytown 79.33 29,893 2.1x 57.5x
95 Hannibal 80.67 17,165 2.4x 66.2x
96 Crestwood 80.67 12,347 2.4x 107.9x
97 Smithville 82.0 10,211 2.4x 144.3x
98 Ferguson 82.33 18,826 2.0x 41.7x
99 Oak Grove 82.67 8,228 2.3x 73.6x
100 Jennings 82.67 13,129 2.0x 36.1x

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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.