All six of Missouri’s major metro areas have a cost of living lower than the U.S. average making Missouri the 8th lowest as a state nationwide for the third quarter of 2016. Joplin also topped the Show-Me state for the lowest cost of living.
In general, the most expensive areas to live were Hawaii, Alaska, the Northeast, and the West Coast. The least expensive areas were the Midwest and Southern states. Missouri’s Economic Research Information Center (MERIC) pulls the cost of living index for each state by averaging the indices of participating cities and metropolitan areas in that state. Missouri’s cost of living index for the third quarter of 2016 was 90.4, down from the 2015 third quarter index of 91.2. Cities across the nation participate in the Council for Community & Economic Research (C2ER) survey on a voluntary basis. Price information in the survey is governed by C2ER collection guidelines. Visit MERIC online to learn more about other state rankings.