Housing costs in Hermann?
A typical home costs
$181,900, which is 46.2% less expensive than the national average of
$338,100 and 14.3% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Hermann costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 5.6% cheaper than the state average of
$950.
Can I afford Hermann?
To live comfortably in Hermann, Missouri, a minimum annual income of
$34,920 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Hermann?
Hermann, MO is known for its affordable cost of living. According to the Missouri Economic Research and Information Center, the cost of living in Hermann is 6% lower than the US average. This means that residents can enjoy a high quality of life without spending too much on necessities like housing, groceries, transportation and healthcare. Although some goods may be slightly more expensive than in other parts of the state, overall Hermann offers an attractive balance between quality and affordability.