Cost of Living in Jefferson city, MO

Housing

The housing market plays a significant role in determining the cost of living in Jefferson city, MO.

• Housing Index: 85.0 / 100
• Median Home Price is: $215000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1360 per month

In assessing the housing landscape of Jefferson city, MO, the housing index stands at 85.0, indicating a relatively affordable market. The median home price of 215000 contrasts favorably with the average rent for a 2-bedroom apartment at 1200 and for a house at 1360. This suggests that purchasing a home may be more cost-effective than renting, especially in this vibrant community where local amenities continue to attract new residents. Keep in mind that purchasing can build equity over time, potentially offering a greater long-term financial payoff.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Jefferson city, 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.): $240 per month

Living in Jefferson city, 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 240 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 95.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $63649

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Jefferson city, MO, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.