Novelty, MO Cost of Living


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United States / Missouri / No Metro Area / Knox County / Novelty / Zip Codes

Novelty cost of living score
73.8
Less expensive
26.2% lower
than the US average
13.8% lower
than the Missouri average
Novelty, Missouri gets a BestPlaces Cost of Living score of 73.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.2% lower than the U.S. average and 13.8% higher than the average for Missouri.

Novelty, MO

Housing costs in Novelty?
A typical home costs $114,800, which is 66.0% less expensive than the national average of $338,100 and 45.9% less expensive than the average Missouri home, at $212,300. Renting a two-bedroom unit in Novelty costs $770 per month, which is 46.2% cheaper than the national average of $1,430 and 23.4% cheaper than the state average of $950.

Can I afford Novelty?
To live comfortably in Novelty, Missouri, a minimum annual income of $21,960 for a family, and $23,600 for a single person is recommended.

What does A.I. say about Novelty?
The cost of living in Novelty, MO is quite reasonable. Prices for common goods like food and clothing are comparable to the national average, while housing costs tend to be lower than other parts of the country. The median price for a home in Novelty is around $140,000, making it an affordable option for those looking to buy or rent. Additionally, utilities such as electricity and water tend to be cheaper than in many other cities. With a low cost of living and access to all the amenities of a larger city nearby, Novelty is an excellent place to call home.
   Cost of living score
     CategoriesNoveltyMissouriUnited States
  73.885.6100.0
  90.494.9100
  117.7104.3100.0
  19.166.5100.0
  $114,800$212,300$338,100
  96.4%98.5%100.0%
  73.786.2100.0
  70.885.6100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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