Housing costs in Lone Oak?
A typical home costs
$363,300, which is 7.5% more expensive than the national average of
$338,100 and 71.1% more expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Lone Oak costs
$770 per month, which is 46.2% more than the national average of
$1,430 and 23.4% cheaper than the state average of
$950.
Can I afford Lone Oak?
To live comfortably in Lone Oak, Missouri, a minimum annual income of
$69,480 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Lone Oak?
The cost of living in Lone Oak, MO is fairly average compared to the rest of the United States. The median home value in Lone Oak stands at $154,000, a slight increase from the national median value of $184,700. The median household income is also slightly above average for the U.S., at $60,410 versus the national median income of $61,937. Grocery and utility prices are relatively low compared to many other areas, making everyday essentials more affordable than in some other regions. Overall, Lone Oak is an economically viable place to live with an overall cost of living that is slightly lower than the national average.