Cost of Living in Boonville, MO
Housing
The housing market plays a significant role in determining the cost of living in Boonville, MO.
- Housing Index: 90.0 / 100
- Median Home Price is: $186,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1250 per month
Considering the data for Boonville, MO, with a housing index of 90.0, the market appears to be relatively affordable compared to national averages. The median home price of 186000 makes homeownership accessible, while average rents for a 2-bedroom apartment at 1200 and a house at 1250 suggest a competitive rental market. This can attract a diverse demographic and may point to growing real estate interests. Overall, the affordability factor could position Boonville as an appealing choice for potential residents and investors alike.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Boonville, 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.): $250 per month
Living in Boonville, 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 $250 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 Boonville is a financially viable option for your relocation.