Cost of Living in Columbia, MO
Housing
The housing market plays a significant role in determining the cost of living in Columbia, MO.
- Housing Index: 85.0 / 100
- Median Home Price is: $295000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Considering a move to Columbia, MO? With a housing index of 85.0, affordability trends indicate that the median home price stands at 295000, making homeownership achievable compared to high-cost areas. The average rent for a 2-bedroom apartment is set at 1200, while a 2-bedroom house averages 1360. Keep in mind that the cost of living varies greatly by neighborhood, and local amenities and schools can influence housing demand. This market might be suitable for first-time buyers looking for spacious living without breaking the bank.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Columbia, 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 Columbia, 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 Columbia is a financially viable option for your relocation.