Cost of Living in Lincoln, MO
Housing
The housing market plays a significant role in determining the cost of living in Lincoln, MO.
- Housing Index: 85.0 / 100
- Median Home Price is: $197,000
- Average Rent (2 BR Apartment): $960 per month
- Average Rent (2 BR House): $1120 per month
Considering a move to Lincoln, MO? With a housing index of 85.0, it indicates a relatively affordable market. The median home price of 197000 makes homeownership attainable, particularly for first-time buyers or families. Renters will find the average rent for a 2BR apartment at 960 and a 2BR house at 1120 approachable as well. Additionally, be aware that the local economy, job market, and amenities might play a crucial role in your long-term satisfaction. Assess these factors alongside the data to make an informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lincoln, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Lincoln, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lincoln is a financially viable option for your relocation.